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Old 10.08.2009, 21:41
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13 month salary. How often used and how calculated?

Can anybody point me to a thread about the 13 month salary often given in Switzerland. I have tried the search function but without success.

I personally don't get the 13 month salary but my employer uses a performance based bonus which generally equates to less than an extra month payment.

I would like to find out how often the 13 month salary is used and how it is calculated. I have heard various explanations!

Thanks!
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Old 10.08.2009, 21:49
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Re: 13 month salary. How often used and how calculated?

I used to get 13th month salary but not any longer. It's quite simple your salary is divided into 13 instead of 12 and you get double salary in December. It's not a bonus however some unscruplous employers try to pretend it is. The explanation I heard most often is that it's supposed to pay your tax bill.

Do you have a specific question?
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Old 10.08.2009, 22:10
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Re: 13 month salary. How often used and how calculated?

Well my partner's salary is split into 12 then in June he gets half a month bonus on top of the normal wage and in December the other half.

My salary is split into 12 and my boss told me we don't have a 13 month salary but a "bonus" which could equate to an extra month salary.

Then ,as you say some people just get their yearly salary split into 13 rather than 12, but still get the same in the end.

I just wondered what the norm was.
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Old 10.08.2009, 22:35
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Re: 13 month salary. How often used and how calculated?

My company does 13 months with the extra in December, I find it handy since so many bills come due right at the start of the year - insurance, rail pass, etc. not to mention that post-Christmas credit card bill!
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Old 11.08.2009, 08:28
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Re: 13 month salary. How often used and how calculated?

For us, when joining we negotiate an annual salary, paid in 13 instalments. The 13th payment is made together with the 12th and is guaranteed. Bonuses, when given are a 14th payment and are NOT guaranteed.

One explanation I've head for the the 13 payments is that historically salaries were paid every 4 weeks rather than at the end of each month. There are 52 weeks in a year which if divided by 13 makes 4 whereas divided by 12 makes 4.3333.
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Old 11.08.2009, 09:29
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Re: 13 month salary. How often used and how calculated?

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For us, when joining we negotiate an annual salary, paid in 13 instalments. The 13th payment is made together with the 12th and is guaranteed. Bonuses, when given are a 14th payment and are NOT guaranteed.

One explanation I've head for the the 13 payments is that historically salaries were paid every 4 weeks rather than at the end of each month. There are 52 weeks in a year which if divided by 13 makes 4 whereas divided by 12 makes 4.3333.
ha so for the 13th months salary it's a bit of a scam then?
I mean if you negociate for example 100 000chf annual, you wont get:

100 000/12= 8333.33 chf per months but: 100 000/13= 7692.30...?
Kind of...

I mean you will still get 100 000th at the end as opposed to a "13th month" adding 8333chf, like total 108 333chf...
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Old 11.08.2009, 09:35
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Re: 13 month salary. How often used and how calculated?

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ha so for the 13th months salary it's a bit of a scam then?
I mean if you negociate for example 100 000chf annual, you wont get:

100 000/12= 8333.33 chf per months but: 100 000/13= 7692.30...?
Kind of...

I mean you will still get 100 000th at the end as opposed to a "13th month" adding 8333chf, like total 108 333chf...
Scam? No. Forced saving? Sure!
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Old 11.08.2009, 09:39
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Re: 13 month salary. How often used and how calculated?

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ha so for the 13th months salary it's a bit of a scam then?
I mean if you negociate for example 100 000chf annual, you wont get:

100 000/12= 8333.33 chf per months but: 100 000/13= 7692.30...?
Kind of...

I mean you will still get 100 000th at the end as opposed to a "13th month" adding 8333chf, like total 108 333chf...
NOPE!!! It means that every month you get 100,000/13, apart for December, when you get double that. Is it not clear?
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Old 11.08.2009, 09:43
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Re: 13 month salary. How often used and how calculated?

Actually it is very important to know exactly your annual income. If you are in a 12 month salary and don't say explicitly in certain forms (childcare springs to mind... but I guess any payments that are means tested), they will assume that you are in a 13 month salary, and WILL CHARGE YOU MORE (you will probably fall in a higher payment band). Beware then.
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Old 11.08.2009, 10:04
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Re: 13 month salary. How often used and how calculated?

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NOPE!!! It means that every month you get 100,000/13, apart for December, when you get double that. Is it not clear?
hm...
no?
oh yes...
Just made the calculations, it's total of 100 000chf at the end with that!
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Old 11.08.2009, 10:17
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Re: 13 month salary. How often used and how calculated?

My Basel-based company also divides my annual salary in 13 installments. We get the 13th month in November actually (which is pretty handy for christmas shopping). Besides this we get in March a bonus depending on our performance and how the company did. The bonus depends on your salary (a percentage of it). Some years you get more than others.
Nevertheless, next year our company will stop the 13th month thing and will divide salary in 12.

Angela
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Old 11.08.2009, 15:16
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Re: 13 month salary. How often used and how calculated?

I get 13 installments, 11 dec-oct and double in nov, they say it's for Xmas presents :-)
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Old 12.08.2009, 18:14
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Re: 13 month salary. How often used and how calculated?

Have a look at these threads:

13th month salary, How it works?
13th month
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Old 12.08.2009, 19:49
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Re: 13 month salary. How often used and how calculated?

I love the 13 months salary system. Seems to me that whatever money comes in each month is what you live to, and we're on PAYE for tax, so when Bumper December comes the spare goes straight into 3rd pillar pension and other savings without us feeling that we have to scrimp in order to save.

And like others have said, it's just the annual salary divided by 13, with 2 lumps paid in December (in our case).

kodokan
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