How do you convert hourly to salary? (Full Version)

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SarahH -> How do you convert hourly to salary? (August 22, 2015 11:24:21 AM)

Last year I was converted from an hourly wage to salary. This year at my review, I brought up that my takehome pay for the last year wasn't quite what I expected, it seemed a little short from what I thought I would be getting. My boss told me that my salary was based on 36 hours a week. I thought salary was based on 40 hours a week, and I definitely was on the job for at least 40 hours a week including admin time.

Is this a standard way to calculate salary? I know that my boss was focusing on my productivity and time with patients, but I thought a salary model wasn't dependant on those exact hours, rather my productivity numbers and patient goals would reflect that.

So let's say my hourly wage had been $10 (which it wasn't, just using that number for discussion). When he said let's convert you to salary, I thought for example that I'd be making $20,800 a year (=$10 x 40 hours a week x 52 weeks a year) but instead he paid me $18,720 (=$10 x 36 hours x 52 weeks). So I feel like instead of making the equivalent of a $10 per hour yearly salary, I was in fact making $9 per hour.

What's standard practice for paying PTs salary?




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