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?

  • Lettuce eat lettuce@lemmy.ml
    129·
    10 个月前

    Lol who would hear “I’m making 50k” and think it’s anything other than per year unless they just stepped out of a private jet…

    I feel like this might be confusing only if you are under the age of 14 and have no idea how money or the world works…

    • austin@aussie.zoneEnglish
      3·
      10 个月前

      I know people who make 50k per month and don’t have jets. I make 30k p/m but I’ll get there one day. It’s crazy how when I was broke making $20/hour in a cafe that I thought everyone or most people are broke but now I’m making modest money it’s crazy how many other entrepreneurs are in my circle now. Just wow.

    • DrQuint@lemm.ee
      2·
      10 个月前

      People whose currency IS dealt in that scale.

      For example, if you want to restrict it to English speakers, then anyone from Hong Kong would be flaunting a quite decent, but not millionaire, salary.

  • HurlingDurling@lemm.eeEnglish
    75·
    10 个月前

    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
      22·
      10 个月前

      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
        36·
        10 个月前

        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.zipEnglish
        16·
        10 个月前

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

      • callouscomic@lemm.eeEnglish
        9·
        10 个月前

        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?!?!?!?!?!

      • barrage4u@lemmy.world
        6·
        10 个月前

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

      • dingus@lemmy.worldEnglish
        6·
        10 个月前

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

          • TheGreenGolem@lemm.ee
            1·
            10 个月前

            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.

  • 𝓢𝓮𝓮𝓙𝓪𝔂𝓔𝓶𝓶@lemmy.procrastinati.org
    49·
    10 个月前

    Because that’s the standard and that is the wage I negotiated and my bi-weekly checks are that number/26. I didn’t negotiate a per-payperiod rate.

    It’s what my taxation is based on.

    It’s what all my credit applications ask for.

    Also, what you make and what you take home are really quite variable based on circumstance between 2 people making the same base wage. Retirement contributions, health care premiums, taxes, and other deductions vary from person to person.

    For salaried employees it’s the standard metric by which wages are measured. You don’t need to guess anything. That’s the standard.

    For hourly employees, that would be your hourly rate. Since hours can be variable and overtime is a thing your yearly rate would be variable too.

    Seriously there’s nothing to guess.

  • DireLlama@ttrpg.network
    37·
    10 个月前

    Can’t speak for the US, but here in Germany there often aren’t 12 monthly salaries to a year. Many people get a Christmas bonus and/or a summer bonus, but just as many don’t. Personally, I get paid about 13 1/4 monthly salaries a year, so telling you my yearly salary would be more accurate than the monthly amount.

    • Scrubbles@poptalk.scrubbles.techEnglish
      10·
      10 个月前

      Agree. What a weird thing for op to be upset about. I have never once in my many years on this planet had someone confuse an annual salary for a monthly one.

      Annual pay is the standard if you work full time. It’s definitely not a rich person thing, it’s for taxes, total takehome, budgeting, you name it. In fact thinking about it, I think it’d be more work for me to figure out my budget if it was monthly.

  • bionicjoey@lemmy.ca
    32·
    10 个月前

    Personally, I don’t get paid every month, I get paid every two weeks, which means that some months I get paid twice and some I get paid thrice. Stating an annual value corrects for weird shit like this, and it’s going to be consistent since it’s probably how it is being tracked in the employer’s accounting.

  • Ziggurat@sh.itjust.worksEnglish
    32·
    10 个月前

    It’s pretty standard in Europe too. It’s what you see when filling your taxes, but very often people have bonuses, over-time, 13rd month and other things making monthly pay not relevant

  • Ryumast3r@lemmy.world
    23·
    10 个月前

    Many people in the US are paid every two weeks, which means some months you’re paid more than others.

    Yearly has become standard as is hourly rate, because one is useful for taxes and the other is often directly negotiated.

    • PsychedSy@sh.itjust.works
      3·
      10 个月前

      I work OT as well, and it’s feast or famine. I’ve had 30% of my yearly salary come from a little over two months where I worked 12/7s. Hourly rate doesn’t really get that across.

  • qjkxbmwvz@lemmy.sdf.org
    22·
    10 个月前

    As others have mentioned, a few possibilities (I’m in the US, not sure how specific this is):

    • Payment isn’t always monthly, it is often every two weeks. So sometimes you get two paychecks in a month, sometimes you get three.
    • Compensation isn’t just salary, even if you’re salaried. Bonuses, stock grants, etc. might be done yearly/every 6 mo./every quarter.
    • Expenses aren’t always monthly. If you own a place, you probably pay property tax which isn’t due every month AFAIK. If you budget for vacations, holiday travel, etc., these are costs that vary wildly month to month, but have some stability on a yearly basis.
    • ETA: taxes are based on annual income, too.
    • jonne@infosec.pub
      8·
      10 个月前

      The tax point is probably the biggest one. People just want to know what tax bracket you fall into. And it corrects for seasonal variations.

    • wildbus8979@sh.itjust.works
      4·
      10 个月前

      Expenses aren’t always monthly

      Mortgages neither. Mine is accelerated bi-weekly, meaning I pay essentially 13 months a year… It shaves a wooping 3 and a half years on my 25 years!

  • thisbenzingring@lemmy.sdf.orgEnglish
    19·
    10 个月前

    I think it’s probably one of those things that is stupid until you reach a point of financial success or fall into groups that consider your financial wealth important. Why it’s a thing is probably because we pay our taxes once a year and that’s when it’s laid bare and you see how much you made. So after 10 or 20 years you kinda know what 50k a year is and if someone is talking about making that much you can understand the lack of money they have. If you friend tells you that, don’t ask them out to expensive things unless you’re going to pay the bill.

    • Tuss@lemmy.world
      3·
      10 个月前

      Is 50k per year below average in the US? Is it hard to survive on that amount?

      • Atropos@lemmy.world
        8·
        10 个月前

        It depends significantly on location and living situation, but 50k ranges from moderately comfortable all the way to poverty line.

        • Tuss@lemmy.world
          1·
          10 个月前

          Comparing that to where I live.

          The median is about $37k per year.

          On the other hand. I make around $13k, single household, studio flat close to the city center and I make do just ok. Wouldn’t hurt to earn a bit more. But on the other hand I work a bit less than 50%. It’s hard to find work though and inflation is making living harder.

  • jetsetdorito@lemm.ee
    17·
    10 个月前

    maybe tax related since taxes are based on annual income. if you are not hourly/salaried and you are self employed/freelance/contract your income will vary from month to month. annually seems like it can be more accurate across all those groups

  • English Mobster@lemmy.worldEnglish
    16·
    10 个月前

    I don’t get paid once a month. I get paid every 2 weeks.

    At a prior job, I got paid every week.

    Yearly is a good baseline, and also helpful for taxes (which Americans have to do by hand because of tax preparers lobbying against the government doing it for us).