In-N-Out managers make $160,000 per year

When thinking of six-figure salaries, flipping burgers may not come to mind. But In-N-Out, the cult favorite fast food chain, sees its store managers earning over $160,000 on average.

"In-N-Out is just eons above everybody else," Saru Jayaraman, director of UC Berkley's Food Research Center, told the California Sun. "On wages and benefits, they really are the best large chain."
The Sun first reported In-N-Out's eye-popping figure, which the Irvine, Calif.-based chain confirmed to USA TODAY.
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In-N-Out workers can start at $13 an hour (minimum wage is $11 for California's larger companies), and work their way up to that $160,000-ish salary without a college degree.
Managers oversee only one location each, according to the Bay Area's KTVU news, and ultimately become responsible for all aspects of the restaurant, from employee training to the cleanliness of counter tops.
The gig's no cake walk, though: A top review of In-N-Out from an employee on Glassdoor, a jobs listing site, notes a "fast-paced environment" with "very hard" work and "no shortcuts."
In-N-Out Vice President of Operations Denny Warnick told the Sun that quality service requires quality employees with quality pay — a vision of the company's founders, Harry and Esther Snyder.
"Paying their associates well was just one way to help maintain that focus, and those beliefs remain firmly in place with us today," Warnick told the Sun.
If other fast food establishments have been reluctant to raise wages, Jayaraman added, it’s because pressure from investors has elevated quarterly gains above the potential long-term benefits of happy workers. In-N-Out has no public shareholders.
But isn’t the work a grind? To be sure, many of the accounts from In-N-Out employees on the job review website Glassdoor cite hard work and long hours.
Even so, more than 90 percent said they’d recommend the workplace to a friend.
That’s one reason In-N-Out was №4 in Glassdoor’s latest national ranking of the best places to work — beating out Google, LinkedIn, and Salesforce, among many others.
This article is from the California Sun, a newsletter that delivers California’s

$160,000 salary working 2,000 hours

As a simple baseline calculation, let's say you take 2 weeks off each year as unpaid vacation time. Then you would be working 50 weeks of the year, and if you work a typical 40 hours a week, you have a total of 2,000 hours of work each year. In this case, you can quickly compute the hourly wage by dividing the annual salary by 2000. Your yearly salary of $160,000 is then equivalent to an average hourly wage of $80 per hour.

Want to reverse the calculation? Start with the hourly wage and answer the question: 80 dollars an hour is how much a year?

What if you get 2 weeks of paid vacation, or you take no vacation time?

Now let's consider the case where you get paid $160,000 a year, but you get 2 weeks of paid vacation. You get the same result if you work all year with no vacation time. In the previous case, we assumed 2 weeks of unpaid vacation, so your total year consisted of 50 weeks. But if you get paid for 2 extra weeks of vacation (at your regular hourly rate), or you actually work for those 2 extra weeks, then your total year now consists of 52 weeks. Assuming 40 hours a week, that equals 2,080 hours in a year. Your annual salary of $160,000 would end up being about $76.92 per hour.

What's the total number of working days in 2018?

If you wanted to be even more accurate, you can count the exact number of working days this year. 2018 starts on a Monday (January 1, 2018) and ends on a Monday (December 31, 2018). It has a total of 365 days in the year including both weekdays and weekends. There are 104 weekend days (counting every Saturday and Sunday in the year), and 261 weekdays (Monday through Friday). So if you worked a normal 8 hour day on every weekday, and didn't work any overtime on the weekends, you would have worked a total of 2,088 hours over the 2018 year. You can then convert your annual salary to an hourly wage of roughly $76.63 per hour.

What about the holidays?

Most companies give employees time off for various holidays, so that should really be included in the calculation. The problem is that different countries can vary in their national holidays, and your company may give certain days off but not others. On average, in the U.S. there are 7 major holidays: New Years Day, Memorial Day, Independence Day, Labor Day, Thanksgiving, the day after Thanksgiving (since this is always a Friday), and Christmas. Many businesses also have an additional floating holiday that is sometimes used for Christmas Eve, New Years Eve, or one of the days near July 4th. Often this is based on whether one of those days falls on a Tuesday or Thursday. Adding that extra holiday can give employees an extra long weekend. Some schools can also be off on Presidents Day, and banks may have their own official holidays. Retail businesses often have different rules for what's considered a typical "business day". Federal holidays may include Veterans Day, Columbus Day, Martin Luther King Day, and Washington's birthday. Of course, holidays may also fall on a weekend day, in which case you might get the previous Friday or the following Monday off. Given all these variations, here's a table showing how the number of holidays affects your hourly rate:

$160,000 annual salary in 2018
# holidays	# working days	hourly rate
6	255	$78.43 per hour
7	254	$78.74 per hour
8	253	$79.05 per hour
9	252	$79.37 per hour
10	251	$79.68 per hour
11	250	$80.00 per hour
12	249	$80.32 per hour
13	248	$80.65 per hour
14	247	$80.97 per hour

How much do I make each month?

Since there are 12 months in a year, you can estimate the average monthly earnings from your $160,000 salary as $13,333.33 per month. Of course, some months are longer than others, so this is just a rough average. If you get paid biweekly, you may get 2 checks in one month and 3 checks in another, so some calculators look at a month as a 4-week period, with 13 of these periods in a year. In that case, you would be getting $12,307.69 per 4-week period.

What about each week?

Assuming 52 weeks in a year, you would make $3,076.92 per week. You can check how many weeks in a year to get the exact number.

How much money would I make in a day?

First of all, if you're working a regular 8-hour day, then you can simply take any of the hourly rates listed above and multiply it by 8 to get your daily rate. For example, if you worked a total of 2,000 hours in the year, then your hourly rate is $80 which means your daily rate is $640 per day.

Find the hourly wage for a different salary

Convert annual salary to hourly wage

ConvertUnits.com provides a tool you can use to calculate the equivalent hourly wage based on your annual salary. You can factor in paid vacation time and holidays to figure out the total number of working days in a year. The salary calculator will also give you information on your weekly income and monthly totals. Remember that a full salary with benefits can include health insurance and retirement benefits that add more value to your total annual salary compared to similar hourly rates. You may also want to factor in overtime pay and the effects of any income taxes on your take home pay. Type in your own num

THEY EARN PLENTY TO SAVE, THEY JUST SPEND TOO MUCH

Same old, same old.

I will admit, I was reading the article and I was a bit shocked that they think what they earn, is not enough, but maybe that’s just Toronto Life’s spin on things to garner some shock so that the article goes viral.

I earn $30,000 less than the lowest earner, and I think what I earn is more than enough as a dual income no kids (DINK), although BF and I don’t share our income, we do split the essential bills 50/50 like Rent, Household and Groceries.

For those couples who say that they don’t seem to have money at the end of the day (Lewis-Koonings), they need to re-examine their budget.

The rest, seem to be saving, although not as much as they’d like.

EVERYONE PRIORITIZES WHAT THEY WANT TO DO WITH THEIR MONEY

They either want to spend it on Wine and Eating out instead of saving for their kids or their own future (Lewis-Koonings), or they decide that Wine is important, but they still make it a point to sock away the maximum for their retirement (Haynes).

I am not saying that NO ONE should be able to eat out or have a great bottle of wine a week.

I’m saying that if you feel like you don’t save enough, and you’re always living cheque to cheque then you need to re-examine your budget and put your money where your mouth is.

People who claim that they HAVE to eat out because they don’t have time to cook when they get home or are tired, are people who are not organized and conscientious about their money to be prepared for those weekly challenges.

I’m tired too. I get home, it’s late, I’m annoyed, but I cook ahead of time so that I don’t go hungry and start eating condiments and spices.

I AM NO SAINT… BUT I DO SAVE MY MONEY

I am no saint. I definitely spend when I want to spend, and I do what I want with my money, but that’s because I can afford to and I know it.

I always review my budget each month that I track with my budgeting tool, I set very lofty goals for my net worth (perhaps too lofty…), and I have significant savings outside of my retirement plans.

I try to be conscientious about my money, but I also want to live my life and be happy, even if it means spending $2.50 on a single macaron! (OK who am I kidding, I eat 4 macarons at a time… so make that $10.)

SO, IS A 6-FIGURE INCOME MORE THAN ENOUGH FOR YOU?

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$160,000 a year is how much an hour?