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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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[–] mvrkws@beehaw.org 6 points 1 year ago

It's not just a US thing. I've never actually thought of this until this post, but I'd think it's because taxes are done annually.

Your employer says they'll give you X amount a year, but you receive X-Y into your account. It's easier to talk about X, then to worry about how Y fluctuates.

It also makes it feel as if you're making more money. Raises for a year sounds better than when you divide by 12 and get the monthly.