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Payment contract terminology
KateH0512
Posts: 1 Newbie
I've started a new job today, and the contract states "salaries are paid, in arrears, on XXXX date of the following month."
Does this mean I will be paid a month after I have worked, or will I receive the months wages worked till that date, on that date? Both my partner and I read it differently.
Thank you for help.
Does this mean I will be paid a month after I have worked, or will I receive the months wages worked till that date, on that date? Both my partner and I read it differently.
Thank you for help.
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Comments
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To be sounds like you are paid a month behind ie May paid in June. But that’s my interpretation.0
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If the date is early in the month, then it sounds as if you are definitely paid (over) a month in arrears. If it's towards the end of the following month, that's a very long gap, but it still sounds as if payment is not made until the month after you've 'earned' your salary.KateH0512 said:I've started a new job today, and the contract states "salaries are paid, in arrears, on XXXX date of the following month."
Does this mean I will be paid a month after I have worked, or will I receive the months wages worked till that date, on that date? Both my partner and I read it differently.
Thank you for help.
Hard to understand why there is such a long gap unless you have a complicated pay structure which will mean your pay varies from month to month - or the company is having cash flow issues!
Why not ask whoever handles payroll for your new employer?Googling on your question might have been both quicker and easier, if you're only after simple facts rather than opinions!0 -
Or just your manager: they must know when payday is, and what the cutoff point is for notifying payroll of a new starter.Marcon said:
Why not ask whoever handles payroll for your new employer?
I agree that if the XXXX is early in the following month, then it may be that May is paid in early June and so on.
You do also need to know when your first payday will be - you'd have missed the May payday where I work by only starting today.Signature removed for peace of mind0
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