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What's with telling YEARLY salaries? (lemmy.zip)

submitted 1 year ago by Blizzard@lemmy.zip to c/asklemmy@lemmy.ml

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I think this is mostly a US thing. Why use yearly salary? You're not paid once a year, are you? Most likely once a month. Referencing monthly salary makes much more sense.

"I'm making 50k". Great, now I have to guess - dollars? Monthly? Yearly? If yearly then what's the monthly paycheck? Net? Gross?

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[–] vreraan@sh.itjust.works 8 points 1 year ago (2 children)

I'm sure outside the US it's even more customary, annual salaries are to include all bonuses.

[–] P1r4nha@feddit.de 2 points 1 year ago

That was my thought too. In Tech we do the same because of total compensation. Stock (options), bonuses etc. have a yearly cadence.

Also some places have a 13th salary, so yearly makes sense there too.

[–] dingus@lemmy.world 2 points 1 year ago* (last edited 1 year ago)

Generally we don't include bonuses in annual salaries in the US because a bonus is not always guaranteed and many fields won't have a bonus.