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

submitted 1 year ago by [email protected] to c/[email protected]

148 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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[–] [email protected] 2 points 1 year ago (1 children)

Many US jobs are based off an hourly rate, some with overtime (usually not added in). I noticed other posters mentioned Xmas bonus. As an hourly worker I received a standard 3% yearly raise to cover increased costs of living. Because our cost of living increase was nearly double that, our salary actually declined. Oh and that Xmas bonus... If you count a 25$ gift card to Walmart a bonus...

Pretty shit, but it could be worse.

[–] [email protected] 2 points 1 year ago (1 children)

Federal Government can be nice because I'm salaried, but also get time and a half for OT, so I get the best of both worlds. On the other hand, we don't get performance bonuses, and our yearly COLA takes a literal act of Congress to decide on the percentage.

[–] [email protected] 2 points 1 year ago (4 children)

It's just a choice. It means nothing. Conventions are conventions merely because people started doing it that way. If you don't understand, then ask a question.