Part-Time to Full-Time Calculator – Income Comparison
Compare part-time hourly wages to full-time salary offers
Table of Contents
How to Use
- Enter your current part-time hours per week
- Enter your current hourly rate
- Enter the full-time hours per week for the new position
- Enter the annual salary offered for the full-time position
- Click calculate to see the comparison
Understanding Part-Time vs Full-Time Income
When considering a transition from part-time to full-time work, it's essential to look beyond just the salary numbers. This calculator helps you compare your current part-time earnings with a potential full-time salary offer.
The effective hourly rate calculation shows what the full-time salary works out to per hour, making it easier to compare with your current part-time rate.
Factors Beyond Salary
- Health insurance and other benefits (often worth $5,000-$15,000+ annually)
- Retirement contributions and employer matching
- Paid time off, sick leave, and holidays
- Career advancement opportunities
- Job security and stability
- Commute time and transportation costs
- Childcare or dependent care needs
- Work-life balance and flexibility
Calculating the True Value of Full-Time Benefits
| Benefit | Typical Annual Value |
|---|---|
| Health Insurance (employer portion) | $6,000 - $15,000 |
| 401(k) Match (3-6% of salary) | $1,500 - $6,000 |
| Paid Time Off (2-4 weeks) | $2,000 - $5,000 |
| Life Insurance | $200 - $500 |
| Disability Insurance | $300 - $800 |
Frequently Asked Questions
- How do I calculate my true hourly rate from a salary?
- Divide the annual salary by the total hours worked per year. For example, a $50,000 salary with 40 hours/week for 52 weeks equals $24.04/hour ($50,000 ÷ 2,080 hours).
- Should I include benefits when comparing part-time to full-time?
- Yes, benefits can add 20-40% to the value of a full-time position. Health insurance alone can be worth $6,000-$15,000 annually. Add this to the salary for a more accurate comparison.
- What if my part-time job offers some benefits?
- Calculate the value of benefits from both positions and add them to the respective salaries. Some part-time positions offer prorated benefits, which should be factored into your comparison.
- How do taxes affect this comparison?
- Higher income may push you into a higher tax bracket, but you'll still take home more money overall. Consider consulting a tax professional for personalized advice on your specific situation.