Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@. Skimlinks & other affiliated links are turned on

Search
  • FIRST POST
    • MisterK
    • By MisterK 18th Sep 19, 12:24 PM
    • 8Posts
    • 4Thanks
    MisterK
    Deducted 3 days salary over the year
    • #1
    • 18th Sep 19, 12:24 PM
    Deducted 3 days salary over the year 18th Sep 19 at 12:24 PM
    Hi All, i have worked for the same company for over 20 years on Salary. the company said that they wanted to change my salary pay date from 27th of the month to 24th of the month, (3 days early). as a result, they have deducted 3 days pay from my annual salary to be spread across 12 months, so effectively this year, every month i lose 1/12th of the 3 days salary.
    My issue with this, is that every month of every year i have received 1/12th of my annual salary, but for this year i will not receive my full annual salary... it will be 3 days short. this 3 days lost salary will only be regained on the day that i leave this company, be that next year or in 20 years time. Bottom line for me is that this year, i lose 3 days pay from my annual salary which i'll never really see again. Thoughts please everyone...
Page 1
    • Takeaway_Addict
    • By Takeaway_Addict 18th Sep 19, 12:27 PM
    • 6,115 Posts
    • 7,056 Thanks
    Takeaway_Addict
    • #2
    • 18th Sep 19, 12:27 PM
    • #2
    • 18th Sep 19, 12:27 PM
    Hi All, i have worked for the same company for over 20 years on Salary. the company said that they wanted to change my salary pay date from 27th of the month to 24th of the month, (3 days early). as a result, they have deducted 3 days pay from my annual salary to be spread across 12 months, so effectively this year, every month i lose 1/12th of the 3 days salary.
    My issue with this, is that every month of every year i have received 1/12th of my annual salary, but for this year i will not receive my full annual salary... it will be 3 days short. this 3 days lost salary will only be regained on the day that i leave this company, be that next year or in 20 years time. Bottom line for me is that this year, i lose 3 days pay from my annual salary which i'll never really see again. Thoughts please everyone...
    Originally posted by MisterK
    You also have three days less cost so it averages it out. I don't think you are actually losing out but someone may disagree
    Don't trust a forum for advice. Get proper paid advice. Any advice given should always be checked
    • ReadingTim
    • By ReadingTim 18th Sep 19, 2:09 PM
    • 3,463 Posts
    • 5,187 Thanks
    ReadingTim
    • #3
    • 18th Sep 19, 2:09 PM
    • #3
    • 18th Sep 19, 2:09 PM
    You also have three days less cost so it averages it out. I don't think you are actually losing out but someone may disagree
    Originally posted by Takeaway_Addict
    Exactly - next year begins 3 days early so you're not losing out.

    And really, how much are we talking about here? 3 days pay from an annual salary - dunno how much you're on, but I can't imagine it's more than a few rounds of drinks in a pub - a meal out at best...
    • MisterK
    • By MisterK 18th Sep 19, 2:13 PM
    • 8 Posts
    • 4 Thanks
    MisterK
    • #4
    • 18th Sep 19, 2:13 PM
    • #4
    • 18th Sep 19, 2:13 PM
    How do i have less cost? my bills all go out at the same time of the month as before, everything still costs as much as it always did for the year, there are still the same amount of days in the year, yet i lose 3 days worth of pay from my 12 months salary this year and never really get it back. Next year, after i've finished these monthly reduced payments, my wage will be back to full annual salary, and last year my wage was at full annual salary, but this year my salary will be 3 days short.
    • MisterK
    • By MisterK 18th Sep 19, 2:15 PM
    • 8 Posts
    • 4 Thanks
    MisterK
    • #5
    • 18th Sep 19, 2:15 PM
    • #5
    • 18th Sep 19, 2:15 PM
    i don't think the amount is the point.... more that for this year, i'm 3 days worse off than i was last year of next year.
    • General Grant
    • By General Grant 18th Sep 19, 2:15 PM
    • 1,215 Posts
    • 1,114 Thanks
    General Grant
    • #6
    • 18th Sep 19, 2:15 PM
    • #6
    • 18th Sep 19, 2:15 PM
    Exactly - next year begins 3 days early so you're not losing out.

    And really, how much are we talking about here? 3 days pay from an annual salary - dunno how much you're on, but I can't imagine it's more than a few rounds of drinks in a pub - a meal out at best...
    Originally posted by ReadingTim
    Even at NMW that would be 185.

    I don't see why there should be a reduction any way. If the OP is paid monthly, an annual salary, they are just paying earlier, he/she is not working any less in the year.
    • MisterK
    • By MisterK 18th Sep 19, 2:20 PM
    • 8 Posts
    • 4 Thanks
    MisterK
    • #7
    • 18th Sep 19, 2:20 PM
    • #7
    • 18th Sep 19, 2:20 PM
    Even at NMW that would be 185.

    I don't see why there should be a reduction any way. If the OP is paid monthly, an annual salary, they are just paying earlier, he/she is not working any less in the year.
    Originally posted by General Grant
    This is my point, i understand that there has been a 3 day shift, but in real terms all i see is a salary reduction this year compared to all the years i have worked here or am likely to work here.... the only time i'll get paid back is when i leave the company 3 days earlier than i would have done before the payroll shift.
    • cr1mson
    • By cr1mson 18th Sep 19, 2:23 PM
    • 805 Posts
    • 616 Thanks
    cr1mson
    • #8
    • 18th Sep 19, 2:23 PM
    • #8
    • 18th Sep 19, 2:23 PM
    But next year will come 3 days earlier won't it? i.e. assuming started last month August 28th 2019 - August 24th 2020. Plus you will get money earlier each month so can benefit from it earlier. Whilst it would have been nice if they hadn't recouped the 3 days especially as the admin costs mya outweigh the salary costs not something to complain about imho!
    • General Grant
    • By General Grant 18th Sep 19, 2:30 PM
    • 1,215 Posts
    • 1,114 Thanks
    General Grant
    • #9
    • 18th Sep 19, 2:30 PM
    • #9
    • 18th Sep 19, 2:30 PM
    But next year will come 3 days earlier won't it? i.e. assuming started last month August 28th 2019 - August 24th 2020. Plus you will get money earlier each month so can benefit from it earlier. Whilst it would have been nice if they hadn't recouped the 3 days especially as the admin costs mya outweigh the salary costs not something to complain about imho!
    Originally posted by cr1mson
    In my experience annual salaries, paid on a monthly basis, relate to calendar months (how ever many days in the month) and don't start at some point during the course of the month.

    Seems to be only the OP and me who are looking at it in this way.
    • Carrot007
    • By Carrot007 18th Sep 19, 2:38 PM
    • 2,719 Posts
    • 2,362 Thanks
    Carrot007
    In my experience annual salaries, paid on a monthly basis, relate to calendar months (how ever many days in the month) and don't start at some point during the course of the month.

    Seems to be only the OP and me who are looking at it in this way.
    Originally posted by General Grant

    Both way happen and are reasonable.


    I would think OP has it the other way, hence their moan.


    Which really is piontless.


    OP, if you have issues with payments then move them. Most people have them opn the 1st anyway so you would not be affected.


    Having them on payday is a crash waitign to happen.
    • comeandgo
    • By comeandgo 18th Sep 19, 2:41 PM
    • 2,755 Posts
    • 3,783 Thanks
    comeandgo
    [QUOTE=MisterK;76285924.....it will be 3 days short. this 3 days lost salary will only be regained on the day that i leave this company, be that next year or in 20 years time. Bottom line for me is that this year, i lose 3 days pay from my annual salary which i'll never really see again. Thoughts please everyone...[/QUOTE]

    So you will be working an extra 3 days in hand. I think your employer is very gracious in allowing these three days to be deducted over a time period rather than all on the same month. You get the owed days in your final salary.
    • ReadingTim
    • By ReadingTim 18th Sep 19, 2:49 PM
    • 3,463 Posts
    • 5,187 Thanks
    ReadingTim
    Even at NMW that would be 185.
    Originally posted by General Grant
    Guess it's dinner/drinks in London, rather than Weatherspoons then...?!?
    • gettingtheresometime
    • By gettingtheresometime 18th Sep 19, 2:49 PM
    • 4,923 Posts
    • 12,354 Thanks
    gettingtheresometime
    OP


    What period does your pay cover?


    Does it cover the whole of the month, regardless of when it's paid (so technically you're paid a couple of days 'in hand')


    or


    Does it only cover up to the pay date?
    Lloyds OD / Natwest OD / PO CC / Wescott / Argos Card / JD Williams cleared thanks to the 1 debt v 100 day challenge
    • MisterK
    • By MisterK 18th Sep 19, 3:19 PM
    • 8 Posts
    • 4 Thanks
    MisterK
    Thanks for the comments everyone, i was really ambivalent about the whole thing until someone at work pushed from the aspect of how it was just losing money for the year for no reason. i understand fully that from a company costing perspective it's very straight forward, but from a personal and even from a somewhat moral perspective it just feels like i'm losing 3 days pay. not really moaning about it, just trying to see what the wider audience thought about the situation and happy that there are arguments for both ways of looking at it rather than it being an outright win for one side or the other.
    • Paully28
    • By Paully28 18th Sep 19, 3:50 PM
    • 60 Posts
    • 34 Thanks
    Paully28
    I am not sure how you lose out, as me for example get paid on the 24th of the month for the whole of said month. So 24th September i get paid for the period from the first to the last day of September. If mine was changed to a different date in september It would still cover the whole of september.
    Is that not the case with you?
    • MisterK
    • By MisterK 18th Sep 19, 4:19 PM
    • 8 Posts
    • 4 Thanks
    MisterK
    I am not sure how you lose out, as me for example get paid on the 24th of the month for the whole of said month. So 24th September i get paid for the period from the first to the last day of September. If mine was changed to a different date in september It would still cover the whole of september.
    Is that not the case with you?
    Originally posted by Paully28
    It doesn't appear to be the case here. i've been paid my full monthly salary every month for the past 20 odd years on 27th of month, (or the last working day before that if 27th falls on weekend or bank holiday). Now paid on 24th of the month but lose 3 days salary over the year so i guess it doesn't cover the whole of the calendar month in my case.
    • getmore4less
    • By getmore4less 19th Sep 19, 1:45 PM
    • 37,582 Posts
    • 23,221 Thanks
    getmore4less
    Hi All, i have worked for the same company for over 20 years on Salary. the company said that they wanted to change my salary pay date from 27th of the month to 24th of the month, (3 days early). as a result, they have deducted 3 days pay from my annual salary to be spread across 12 months, so effectively this year, every month i lose 1/12th of the 3 days salary.
    My issue with this, is that every month of every year i have received 1/12th of my annual salary, but for this year i will not receive my full annual salary... it will be 3 days short. this 3 days lost salary will only be regained on the day that i leave this company, be that next year or in 20 years time. Bottom line for me is that this year, i lose 3 days pay from my annual salary which i'll never really see again. Thoughts please everyone...
    Originally posted by MisterK
    The key is not the pay day but the pay period.

    Has that changed as well?

    If the pay period has not changed the pay should not change.

    What was the pay period before, many place use calendar months paid near the end of the month
    • garth549
    • By garth549 19th Sep 19, 1:51 PM
    • 386 Posts
    • 185 Thanks
    garth549
    You misunderstand. You aren't really missing out.

    Your next 12 payments are for working 362 days. For example 27th September 2019 - 24th September 2020

    I suppose you could argue that only around 2/3rds of days in the year are working days so you should only lose 2 and not 3. Either that or your salary should be 362/365 of what you're normally paid.
    Last edited by garth549; 19-09-2019 at 1:57 PM.
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

136Posts Today

2,270Users online

Martin's Twitter