Salary to hourly
Using 52 weeks assumes holiday is paid, which for a salaried employee it is. A contractor comparing against that salary should use their actual billable weeks — perhaps 46 after holiday, illness and gaps between contracts — which raises the hourly rate needed to match the same annual income by about 13%. Comparing a contract rate against a salary on 52 weeks understates what the contractor needs to charge.
Hourly rate is annual salary divided by hours per week times weeks per year. Sixty thousand over 40 hours and 52 weeks is 28.85 an hour, 1,153.85 a week and 5,000 a month before tax.
How to convert salary to hourly
This conversion flatters salaried work in one direction and contracting in the other. A salary carries paid holiday, sick leave, pension contributions and often insurance, none of which appear in the hourly figure. A contractor charging the same nominal rate has to fund all of those out of it, plus the unbilled weeks. A rough industry heuristic puts the equivalent contract rate at 1.3 to 1.5 times the naive hourly conversion — and the freelance rate calculator works that through properly.
Questions
Divide the annual salary by hours per week times weeks per year. 60,000 over 40 × 52 is 28.85.