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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

149 comments fedilink hide all child comments

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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[–] HurlingDurling@lemm.ee 78 points 1 year ago (1 children)

I mean, you just basically answered your own question. People get paid hourly, weekly, every 2 weeks, monthly, and some even per sale (ie. Realtors) so the only way to have a constant measurement is yearly.

[–] cyclohexane@lemmy.ml 17 points 1 year ago (7 children)

Why not monthly? It seems the smallest unit to encompass them all, and is fairly standard.

Monthly makes sense also since most bills are monthly.

[–] bob_lemon@feddit.de 38 points 1 year ago

Until you have people who get a yearly bonus. Or 13 or 14 monthly salaries a year, which is quite common in Germany (basically a bonus, but the employee is entitled to it).

[–] locuester@lemmy.zip 16 points 1 year ago* (last edited 1 year ago)

Yes but a lot of work is seasonal and/or sporadic. Annual pay smoothes it out.

[–] callouscomic@lemm.ee 7 points 1 year ago (1 children)

Most bills are monthly, most paychecks schedules are bi-weekly. To me this is the same issue as hot dogs and buns being sold in different quantities. Whyyyyyyyyyyyyyyy?!?!?!?!?!

[–] AnUnusualRelic@lemmy.world 3 points 1 year ago

Biweekly isn't a thing in many places in Europe, I think.

[–] barrage4u@lemmy.world 6 points 1 year ago

I'd imagine that for some jobs (seasonal etc) there is too much variation in a month-to-month basis

[–] dingus@lemmy.world 6 points 1 year ago (1 children)

At every job I've ever had, I get paid every two weeks. So the amount I make per month varies.

[–] Zippy@lemmy.world 2 points 1 year ago

Those months where three paychecks fall in them are pretty sweet.

[–] DirigibleProtein@aussie.zone 4 points 1 year ago (1 children)

But most pays are fortnightly

[–] BorgDrone@lemmy.one 6 points 1 year ago (1 children)

Not here (the Netherlands), everything is monthly, both pay and bills.

[–] TheGreenGolem@lemm.ee 1 points 1 year ago

Same in Hungary. Not a single person I know gets their salary weekly or biweekly. It's absolutely not a thing.

Also, your bills are monthly. You mortgage is monthly. Your credit card bill is monthly. Preschool is paid monthly. Everything is monthly.

[–] Urbanfox@lemmy.world 3 points 1 year ago

I get paid 4 weekly so get 13 pays a year.