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Monthly or weekly pay for employees?
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GXWILLIAMS
Cleanitup Newbie
Posts:
2
Monthly or weekly pay for employees?
«
on:
January 31, 2017, 01:50:39 pm »
Hi Guys
I've been paying weekly for years and now thinking about switching to monthly.
Was thinking about having a cut off day each month..... maybe 25th and payment day on 28th each month
This would allow a couple of days to calculate the wages they are due.
Anyone else do this? or have a better option?
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NWH
Cleanitup God
Posts:
16952
Re: Monthly or weekly pay for employees?
«
Reply #1 on:
January 31, 2017, 02:24:23 pm »
I used to do it weekly but monthly is better depends on your cash flow situation,when it's weekly your forever sorting out wages coz it comes round so quickly.
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GXWILLIAMS
Cleanitup Newbie
Posts:
2
Re: Monthly or weekly pay for employees?
«
Reply #2 on:
January 31, 2017, 04:09:22 pm »
12 pay days to calculate, rather than 52 is a whole lot less work
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SB Cleaning
Cleanitup God
Posts:
4336
Re: Monthly or weekly pay for employees?
«
Reply #3 on:
January 31, 2017, 04:17:12 pm »
Mine gets his paid monthly...
It would be far too much hassle weekly...He gets paid on the 26th every month.
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AuRavelling79
Cleanitup Global Moderator
Cleanitup God
Posts:
26550
Re: Monthly or weekly pay for employees?
«
Reply #4 on:
January 31, 2017, 05:31:34 pm »
I used to pay Dan the Man on the 25th or if it fell on a weekend or bank holiday then the Friday before. Bonuses were paid on the 25th after the quarter in which they were calculated.
So let's say he is owed £1, 500 for the month of January then he gets paid that on the 25th along with say his £200 - £400 bonus for the quarter ended 31st December.
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It's a game of three halves!
Matt.
Cleanitup God
Posts:
1836
Re: Monthly or weekly pay for employees?
«
Reply #5 on:
January 31, 2017, 06:01:06 pm »
I also used to pay weekly, cleaners are now paid fortnightly and window cleaners are paid monthly, I use the last Friday of the month as the cut off day.
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Monthly or weekly pay for employees?