Getting Paid on Time

ShellJW

Hello,

This is my first post on here but i have been using MSE for a long time now.

What i need your help with it:-

My boss pays us on the last Friday of the month by BACS. Which means our money doesnt go in till Tuesday or Wednesday depending on when he does it. I have suggested Fast Payment but he does Multi Bacs.

Is there any other way around this??

I would be greatful for any help.

Thank you

jobbingmusician

What does your contract say? Your thread title refers to 'getting paid on time' but presumably some months you are actually being paid for work you have not yet performed (eg if the last Friday is 24th you will have the money in your bank by 28th or 29th, but it still won't be the end of the month).

Why is this causing you a problem? I can see why anyone might have a problem in their first month of employment, but not once they have been employed for a while - especially if, as I have pointed out, they are actually being paid before the end of the month sometimes.

It does sound as if it's your budgeting which might need review, rather than anything your employer is doing........

Takeaway_Addict

So, if the boss is doing it every last friday I don't see the issue? You know it then takes the banks time to transfer it across to your account so hopefully you haven't got ur direct debits around this exact same time.

burnoutbabe

If your contract says you are paid the last friday of the month, this should be the day YOU GET THE MONEY in your account.

Having done the payroll, there have been loads of "last fridays" recently where its also last day of the month, so you;d have got your money on say 2nd/3rd of the next month. Very annoying!

He could set the bacs (which are the cheapest way to pay people) on the wed to pay on the friday and thats what pretty much every company who does payroll does. they ensure the employees get the money on "payday".

Takeaway_Addict

burnoutbabe wrote: »

If your contract says you are paid the last friday of the month, this should be the day YOU GET THE MONEY in your account.

Having done the payroll, there have been loads of "last fridays" recently where its also last day of the month, so you;d have got your money on say 2nd/3rd of the next month. Very annoying!

He could set the bacs (which are the cheapest way to pay people) on the wed to pay on the friday and thats what pretty much every company who does payroll does. they ensure the employees get the money on "payday".

I don't believe this is correct, if you get paid on a friday by cheque the money is not in your account on that day.

The employer most likely has always made it clear that the payment process starts on the last friday, it doesn't mean the money is in the account on the friday.

Also, he could set BACS up earlier but then there are a few days before the friday that the employer may not know who has worked etc.

dacouch

Open an account up with the same bank / branch your boss uses, the money often goes in quicker.

burnoutbabe

Takeaway_Addict wrote: »

Also, he could set BACS up earlier but then there are a few days before the friday that the employer may not know who has worked etc.

but most companies get around this one quite easily by having cut off dates for when overtime has to be reported, else paid next month.

Basically, he could pay by bacs on the wed so everyone paid by Friday (and in the right month) if he wanted to. No real benefit to him not doing so, and by doing it this way he is causing hassle with people getting money potentially in the next month and bills set up for 1st, bouncing.

Ask the boss why he can't move it to Wed bacs. He could very easily, so is choosing not to for some reason.

Takeaway_Addict

burnoutbabe wrote: »

but most companies get around this one quite easily by having cut off dates for when overtime has to be reported, else paid next month.

Basically, he could pay by bacs on the wed so everyone paid by Friday (and in the right month) if he wanted to. No real benefit to him not doing so, and by doing it this way he is causing hassle with people getting money potentially in the next month and bills set up for 1st, bouncing.

Ask the boss why he can't move it to Wed bacs. He could very easily, so is choosing not to for some reason.

If he has always done it the last Friday of the month then why should he mess around changing things. If people are silly enough to have direct debits on the 1st then more fool them, especially when they know that the money may not get through until the 3rd/4th.

The OP is onto a loser here unless its only just started and even then there is little they can do

ShellJW

Thank you all for your advice. To answer your questions. This is annoying as come March, we will have been paid in February and then our next lot of money will not reach the bank till April so this then means I occur charges from my bank for not depositing the right amount of money into my account each month.
It is a family run business that I am trying to help come in to the 21st century, the owner is still reluctant to get a chip and pin machine, but that's another matter.
I was just wondering if there was any other way around this system.

Takeaway_Addict

How you run your account isn't really the bosses problem but whats to stop you on months like these transfering the same amount of money from one account to another and then back again so it shows money going in?

burnoutbabe

have you not asked him to run the bacs 2 days earlier? what is his reason for not doing this?