How to Calculate Annual Salary from Hourly Wage in China
The basic formula for converting an hourly wage into annual salary is: Annual Salary = Hourly Rate Γ Hours Per Week Γ 52 weeks. This assumes full-time work with no unpaid time off. Under China's Labor Law, standard working hours are 40 hours per week (8 hours/day, 5 days/week). There are 11 statutory public holidays per year, and most employers also grant 5-15 days of paid annual leave depending on tenure (per the Regulation on Paid Annual Leave for Employees: 5 days for 1-10 years of service, 10 days for 10-20 years, 15 days for 20+ years). A more realistic calculation therefore assumes roughly 49-50 working weeks per year. For example, Β₯100/hour Γ 40 hours/week Γ 50 weeks β Β₯200,000 per year. Minimum hourly wage standards vary widely by province and city (roughly Β₯20-Β₯25 in 2024 in higher-cost regions such as Shanghai and Beijing, lower in smaller cities) β this calculator does not hard-code any single city's minimum wage, so check your local human resources and social security bureau for the current figure. When evaluating an offer, look beyond base pay to total compensation: the mandatory "five insurances and one housing fund" (δΊι©δΈι β pension, medical, unemployment, work injury, and maternity insurance, plus the housing provident fund), the year-end bonus (often called "13th-month pay"), and meal or transport allowances.