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this post was submitted on 13 May 2024
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Do Brits also tell their salary on annual instead of monthly basis? I thought that was just an American thing
Where do they describe it on a monthly basis? I'm in Australia and I've never heard anyone describe their salary in anything other than annual. Take home pay we'd go fortnightly though.
Over here in Belgium we do, I thought that's how it's done in most countries. It makes more sense to me too, you get your salary monthly (or maybe fortnightly like you) and you talk about your rent, debt payments, ... also on a monthly basis.
In the U.S., most salary jobs are spoken about in annual terms. Job listing's list annual salary, offer letters list annual pay, my employee portal lists annual pay, etc. My pay stubs are biweekly though. Pretty much nothing is ever described in monthly terms, at least not that I've ever seen.
In NZ we would talk annual salary, rent per week, and we just don't talk about mortgage payments because it's easier not to.
I think we probably do annual salary because there isn't consistency with how people are paid. Weekly and fortnightly are probably the most common, but monthly is pretty normal too and I've seen some being paid twice monthly.
Same in Croatia. Also think it's in most countries.
At least in Germany, depending on contract, monthly payments vary heavily. For instance the labour agreement for the automotive industry contains a 13th salary at christmas time, vacation pay in summer, a bonus in spring depending on company performance, a potential bonus if you pass on some vacation days and more. Other contracts only have a monthly salary and no bonuses. My contract has only one bonus depending on company performance in April while my wife gets 12.8 monthly salaries (1.8x salary in November as end-of-year bonus). To compare job offers in any way, you can only go with the annual number.
Are you taxed based on your yearly income, or month by month?
It makes sense... until you learn about the 13th/14th month of the year. Having to multiply the monthly salary by 13.x (depending on the collective agreement of course) to get the taxable income makes imperial measurements sound logical.
Give me yearly or give me hourly, but monthly makes no sense under the current system.
Slovakia, Czechia, Hungary no one in these countries talks on annual basis. it's always monthly or hourly wage if it's not a salaried position, but most are salaried and paycheck is once a month.
Most of Europe uses monthly take home. Yearly brutto salary doesn't mean shit, you can't budget against it.
In Austria we usually also speak about monthly payments
In Serbia as well. Whenever someone mentions an annual salary, I have to divide it by 12 to get some sense out of it, because we only talk about the monthly.
Don't you have a 13th paycheck?
Yeah, I forgot about that. It varies from company to company, I get exactly nothing above my standard salary each month lol
Australia is also annual. We're taxed annually, so it makes sense to us
Lived in London for twenty years and I've only heard it annual or if you're a contractor we talk daily rate.