You didn't make it clear in your post, though I think that must be the angle you're coming from.
You didn't make it clear in your post, though I think that must be the angle you're coming from.
Five weeks vacation is a legal minimum. Most companies I worked for here in Denmark will give you six. It’s technically not five weeks, but 25 days.
Also many bills are due on the first of January for the whole next year e.g. insurance. So it was kinda like a holiday and large bill windfall, but it wasn't additional to salary.
That was just one company, maybe other countries or employers are different.
- 14 payments (extras in June and December)
- 12+1 in December
- 12 + 2 x 0.5 (one extra in June and the other In December)
I believe dates were pick to match Xmas and Summer Holidays, two big spending anomalies
Anyhow you always negotiate yearly gross.
No, it's not. It might be in some European countries, though.
Likewise, mandatory pension contributions (employee and employer) in most of Western Europe exceed 20% of income (upwards of 30% in some cases), as contrasted to 12% in the U.S.: https://www.oecd-ilibrary.org/docserver/pension_glance-2017-... Who in the U.S. contributes 10-20% to their IRA or 401(k) on top of FICA payments? It's not even legal to make such large contributions pre-tax. (Some of us are privileged enough to make up the difference with higher salaries; a smaller fraction of a higher salary let's us contribute more to retirement.) Note that employer contributions aren't generally reflected in salary figures, and in some European countries employer contributions exceed 20%.