How is GS hourly rate calculated?
Description. Hourly and biweekly rates of pay for most Federal civilian employees are computed as required by 5 U.S.C. 5504(b). Hourly rates of basic pay are computed by dividing an employee’s annual rate of basic pay by 2,087 hours.
What is a gs1 pay scale?
GS-1 Pay Scale – General Schedule 2020 The GS-1 pay grade generally marks an entry-level position. Starting salary for a GS-1 employee is $19,543.00 per year at Step 1, with a maximum possible base pay of $24,448.00 per year at Step 10. The hourly base pay of a Step 1 GS-1 employee is $9.36 per hour1.
Why is 2080 work hours calculated?
Based on a standard work week of 40 hours, a full-time employee works 2,080 hours per year (40 hours a week x 52 weeks a year). So if an employee makes $15 an hour working 40 hours a week, they make about $31,200 (15 multiplied by 2,080).
How much is 60k and hour?
To calculate this you need to know how many hours per year you work, then just divide $60,000 by that number. That means, if you work the standard 40 hour work week, 52 weeks per year, you’d need to divide $60,000 by 2,080 hours (40 * 52). If this is your measure, $60,000 per year is $28.85 an hour.
What is the basic rate of pay per hour?
The Real Living Wage has different rates for London and the rest of the country, recognising the higher costs of living in London. The London Living Wage rate is £11.05 per hour and the rate for the rest of the UK is £9.90 per hour.
What does a GS-9 make?
Starting salary for a GS-9 employee is $46,083.00 per year at Step 1, with a maximum possible base pay of $59,907.00 per year at Step 10. The hourly base pay of a Step 1 GS-9 employee is $22.08 per hour1. The table on this page shows the base pay rates for a GS-9 employee.
How do you convert salary to hourly?
First, determine the total number of hours worked by multiplying the hours per week by the number of weeks in a year (52). Next, divide this number from the annual salary. For example, if an employee has a salary of $50,000 and works 40 hours per week, the hourly rate is $50,000/2,080 (40 x 52) = $24.04.
How much do TSA agents make per hour?
Industry. The mean annual pay for TSA agents is $40,160 or $19.31 per hour, according to the U.S. Bureau of Labor Statistics in 2016.