Tools

Monthly Salary Calculator

Calculate annual salary and total compensation including bonuses from monthly salary.

개월

How to Calculate

Converting monthly salary to annual salary: Annual salary = Monthly salary × 12 months Annual salary with bonus = Annual salary + (Monthly salary × Bonus months) Effective monthly salary = Annual salary with bonus / 12 Severance pay (if included) = Annual salary with bonus / 12 Severance pay accrues approx. 1 month's average wage per year for 1+ year employees.

Example

Monthly salary: ₩3,000,000, Bonus: 400% annually (4 months' salary) - Annual salary: ₩36,000,000 - Annual salary with bonus: ₩48,000,000 - Effective monthly salary: ₩4,000,000

FAQ

What is bonus months?
Bonus months represent the total annual bonus expressed in multiples of monthly salary. Example: 400% bonus = 4 months' salary.
Is severance pay included in the annual salary?
Generally, severance pay is separate from the annual salary contract. However, some companies include it in their stated annual salary.