Pay & rates
Day Rate Calculator
Convert a gross hourly rate into a day rate using explicit paid hours per day.
Use this for a transparent day-rate comparison when a working day is defined by paid hours.
What the result means
The result multiplies hourly gross pay by paid hours per day. It does not define a legal working day or include expenses, overtime, or leave.
The formula
Hourly rate * paid hours per day
Results are displayed to at most two decimal places. Calculations use the unrounded inputs.
A worked example
Put the formula to work
- Hourly rate (currency per hour)
- 30
- Paid hours per day (hours)
- 8
Estimated gross day rate (input currency): 240.00
30 per hour across 8 paid hours gives a 240 gross day rate.
How to use this calculator
- Set the hourly gross amount for the comparison.
- Define the paid hours represented by a day.
- Multiply the two values.
- Compare expenses and nonbillable time separately.
Why this number matters
A named daily-hours assumption keeps day-rate comparisons from hiding different working-day lengths.
Input definitions
- Hourly rate (currency per hour)
- Gross hourly rate.
- Paid hours per day (hours)
- Paid hours represented by one day.
Assumptions and limitations
- Does not include expenses, taxes, overtime, leave, benefits, or severance.
- Day-rate conventions vary by contract and role.
- The result is gross pay arithmetic in the input currency.
Methodology
The default result and worked example use the same calculation functions as the interactive tool. The formula cannot verify the quality or scope of your source data.
Read our calculation methodology
Last updated .