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In the parts of Europe that I know of, if you have a median job, your paycheck is per month. That is why everyone knows that number the best: it's the one you s
by gpvos 9y ago
In the parts of Europe that I know of, if you have a median job, your paycheck is per month. That is why everyone knows that number the best: it's the one you see most often, appearing every month on your bank account.
- vec 9y agoA lot of jobs in the US pay biweekly, which comes out to a nice, round 2.166 paychecks per average calendar month. Paperwork here generally either asks for annual income or asks both paycheck and length of pay period.
- kungtotte 9y agoYes, unless you're self-employed and bill people, you pretty much always get paid monthly.
- mrkstu 9y agoSo its possible to have to wait more than a month for your first paycheck? i.e. start on the 1st and they pay on the 1st weekday of a new month for the past month? I'd hate to be loaning the company money that long every month.
- geon 9y agoIn sweden, salaries are traditionally paid the 25:th. An if you get paid per hour, your payment is usually for the previous month, so 56 days late.
- gpvos 9y agoIn the Netherlands also the 25th. However, if you get paid per hour, it may also be that you are paid weekly or biweekly, but indeed usually a cycle later.
- roel_v 9y agoIn Western Europe there doesn't seem to be a clear 'standard' of when ppl get paid. I know several people who are paid on the 10th each month, for example. (I happen to know this because they negotioted their rent payments to be on the 11th for properties they rent from me). Others are around 22-24; I used to get paid 28-30 in various jobs. There is probably a reason for this clustering, or maybe my sample size is too small and there is no clustering.
- PeterisP 9y agoHow often you're paid depends, often it's twice per month, but the agreed amount in the agreement (and everywhere else where you'd discuss it) would be listed as x eur/month.
- eeZah7Ux 9y ago> So its possible to have to wait more than a month for your first paycheck? Yes, it's pretty typical. > I'd hate to be loaning the company money that long every month That doesn't make any sense.
- 13of40 9y agoFor me, and I suspect this is pretty status quo in the US, the number that shows up in my checking account biweekly is my annual salary divided by 24, minus taxes and automatic deductions for mortgage, 401k, stock purchase, health plan, etc., with the occasional bonus thrown in to mix things up. It's a very arbitrary number and it would be impossible to back-calculate my overall compensation from it.
- thaumasiotes 9y ago> the number that shows up in my checking account biweekly is my annual salary divided by 24 Either you're paid twice a month rather than every other week, or the biweekly number is your annual salary divided by _26_, or, I guess, you're subject to a strict requirement to take two weeks of unpaid vacation every year.
- 13of40 9y agoGood point. In that case I really don't really even understand how my beer money relates back to my salary.
- creepydata 9y agoUm, wow. That's really something you should know and understand because you want to make sure you are getting paid correctly and catch any payroll errors. They are not uncommon, I've caught a couple myself, including an $1,800 mistake. If you're paid biweekly (say, every other Friday) you have 26 pay periods. If you are paid semi monthly (say the first and the fifteenth) then you'll have 24 pay periods.
- deleted 9y ago[deleted]
- NeutronBoy 9y agoIt shows up in your checking account semi-monthly ;) It's a slight difference, where the end result is a difference of 2 paychecks per year (24 for semi-monthly vs 26 for bi-weekly)