hourly rate

An hourly rate is the amount of money a person charges or earns for each hour of work they perform. It’s a common way to calculate pay for jobs that don’t have a fixed salary, such as freelance work or consulting. For example, if someone charges $50 per hour and works 8 hours, they earn $400 that day. The hourly rate helps both the provider and the client understand the cost based on the time spent working, making it easier to estimate total expenses or earnings depending on the hours worked.