Why do some companies choose to pay monthly?

bendix

I think traditionally children get paid weekly pocket money, and adults get paid a salary monthly ;-)

BillTrac

westv wrote: »

I think traditionally blue collar workers receive a weekly wage and white collar workers receive a monthly salary?

There's your answer...only ever wear blue collared shirts to work.:rotfl:

cit_k

Never been paid weekly when working, it was always monthly (and sometimes not at all)

Reggie_Rebel

I have been paid weekly for twenty five years, I used to like getting paid every four weeks, made you think you had more money, or at least it did me

kernowayr

On a slight tangent to the OP here (but I'll ask anyway) - my employer has just informed us all today (our usual pay day) that we will not be getting our monthly salary earned in August until 6th/7th September 2010 - they have cited "cash flow" as the reason, effectively meaning we are all being forced to gamble a week's wages on an unsecured 0% loan basis simply to keep the company afloat. The plan is to make 7th Month our new payday but only ever to pay us up to last working day of previous month, thereby retaining this week's wages "in hand" indefinitely. To appease us they have offered to pay any bank overdraft charges incurred during this first month only. Just wondering where we stood legally on this - or are we simply bound to accept the change if we ever want to see this £ again and retain our jobs for the forseeable. Comments therefore most welcome please.

Savvy_Sue

While awaiting more knowledgeable posters, I'd look at the ACAS website for something like that.

diable

kernowayr wrote: »

On a slight tangent to the OP here (but I'll ask anyway) - my employer has just informed us all today (our usual pay day) that we will not be getting our monthly salary earned in August until 6th/7th September 2010 - they have cited "cash flow" as the reason, effectively meaning we are all being forced to gamble a week's wages on an unsecured 0% loan basis simply to keep the company afloat. The plan is to make 7th Month our new payday but only ever to pay us up to last working day of previous month, thereby retaining this week's wages "in hand" indefinitely. To appease us they have offered to pay any bank overdraft charges incurred during this first month only. Just wondering where we stood legally on this - or are we simply bound to accept the change if we ever want to see this £ again and retain our jobs for the forseeable. Comments therefore most welcome please.

Do they need "proof" of the fees incurred?

I am not sure if they are allowed to do this but hopefully someone should be along soon with better advice but you may be in a situation that the company you are working for have problems you also have to weigh up your options as if you don't like it or rock the boat too much you may be asked to leave (your life made awkward) so you may need to find alternative employment.