How can I figure out what my income increase % will be if my previous roles were hourly/contract? Will be moving into a FT next month.

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Sorry, if I won’t answer your question by helping calculate an increase. But I will encourage you to ask for more :)

Speak to the recruiter or your hiring manager who is in charge of the conversion. Your salary should not be based on your current pay. It should be based on their salary range/budget within the org. And whether or not they are competitive in the market.

My suggestion is to ask the number to either of them and make a case of why you should be getting that salary (at the lower, mid, or upper end).

For example (rates are in Seattle),

- If it’s an agency, for a senior design role: Its minimum of $110k base pay.
- If in Fortune 100 or so, $120-$160k base pay, plus bonus and equity — at least $170k - $200+k total package.

I encourage you to fight for those numbers than computing an increase based on what you are currently receiving. If all else fail, I strongly suggest to jump around until you find a company that values you.

likehelpful

Not sure if this is helpful for your particular situation but typically, to translate hourly into annual equivalent, they take the hourly rate and multiply by 2,080. So, for example, if your hourly pay is $60, that would roughly equate to $125K/yr. Of course, there are benefits, bonuses, etc., so it gets more complicated. But the base line x2080 rule is a pretty common conversion technique.

helpful

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