Calculate Your Per-Minute Wage

Published: Nov 2, 2004

Application

Take your actual wage or salary and convert it to dollars earned per minute of work.

For example:

(weekly wage) / (average hours worked in week x 60 minutes)

$1440 / (80 X 60) = $0.30

You may prefer to use your planned or hoped-for wage. It could be your perceived value to your business.

If you aspire to earn $100,000 a year and work 50-hour weeks:

Your wage per minute = (100,000 / 48 weeks) / (50 x 60) = $0.69444 "70 cents a minute"

This enables you to more exactly answer "is this a good use of my time?"

Does this change your perspective, attitude or respect for each minute of your working day?

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Small Business - Time Management - Business Plans - Business Plan Coaching