What's Your Time Worth?

Do you know what your hourly rate is?

Whether you work for yourself or as an employee - it's useful to know what your hourly rate is, so you can put a value on your time.

To find your hourly rate, divide your annual salary or annual income by the number of working days in a year (230) and then the number of hour you work or get paid for (8hrs).  You can give your time a value which is particularly useful when you realise how much time you're wasting.

Wasting just an hour a day - based on the average salary which works out at £15 per hour, adds up to over £3000 a year.

So how much is it costing you or your employer for each wasted hour?