Daily Rate to Annual Salary Calculator

Day-rate workers — IT contractors, consultants, locum doctors, supply teachers — often need to benchmark their earnings against salaried employees to evaluate job offers, justify their rates to clients, or plan personal finances. The standard method multiplies the daily rate by 260 working days (52 weeks × 5 days), giving a figure directly comparable to a full-time annual salary. This calculator performs that conversion instantly. It is also useful for businesses estimating contractor costs against permanent headcount, and for recruiters translating client budgets from annual salary to daily rates. The resulting figure excludes tax, pension contributions, and the cost of holiday and sick days — expenses that salaried employees receive but day-rate workers must fund themselves.

Annual Salary Equivalent = Daily Rate × 260. The number 260 is derived from 52 weeks per year multiplied by 5 working days per week. This is the standard assumption used in employment benchmarking, payroll, and recruitment: it counts every Monday-to-Friday day in the year without adjusting for public holidays (which vary by country and state). The formula is purely multiplicative with no rounding until the final step, so entering fractional daily rates like $137.50 returns an accurate annual figure of $35,750. To adjust for fewer working days — for example, part-time workers or those with extended holidays — divide the annual result by 260 and multiply by your actual working days.