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submitted 1 year ago by Blizzard@lemmy.zip to c/asklemmy@lemmy.ml

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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[-] SpaceNoodle@lemmy.world 4 points 1 year ago

Divide your annual salary by 2080 hours/year for the hourly rate.

[-] foo@withachanceof.com 1 points 1 year ago

What if I work more or less than 40 hours per week? Now I have to specify my hourly rate and how many hours per year I work. It's more math just to get to the same number for yearly income.

[-] Zak8022@lemm.ee 4 points 1 year ago

The 2080 assumes you’re salaried at the normal 40 hours per week rate. Salaried employees don’t get a variable amount each week if you work more or less hours than normal.

[-] foo@withachanceof.com 0 points 1 year ago

That's not necessarily true. As the comment above mentioned, it's uncommon, but non-exempt salaried positions do exist where, yes, you would be paid more if working overtime even as a salaried position.

[-] SpaceNoodle@lemmy.world 2 points 1 year ago

Right, so the general rule stands.

this post was submitted on 01 Sep 2023
86 points (68.5% liked)

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