Monthly or weekly pay? Fixed or percentage earning? what is your prefrence.

[Ryu_Ar1]

In my area there are still many people who are paid monthly but indeed in other cases there are some unskilled workers who are indeed paid daily and weekly but this is indeed a classification because most of the jobs that can be said to be good are monthly and heavy work such as in construction or even other things Another weight they choose daily and weekly.
But if it's a personal opinion, even though I'm currently working on a monthly basis, I can choose if I want to do it weekly. even though the nominal may be the same monthly or weekly when combined in total but still when we are paid weekly this will be very good unfortunately for office work like there are special rules regarding payments in the last week at the end of the month.

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[maxreish]

In our country, we've been automatically paid out every 15 days. We are used to be paid out twice a month that is why we preferred that way and  and it is becoming more common as companies  here seek to align payroll with the number of workdays in a pay period. Actually, this type of payment schedule on our country may provide employees with more frequent access to their earnings, more time to budget expenses and bills. more convenient for us too as we balance and budget it well.

[Swordsoffreedom]

To be frank with you I prefer being paid monthly. Being paid weekly the chances of spending more is high because you just have to wait another week to get paid that's to say you spend more than you save, so your pay cheque is that useful to you, is all about spending.
Whenever you're being paid weekly,it only takes one to be discipline to save for a whole month to be able to pay some certain bills.Once you get your monthly pay, you can immediately save money for the bills to come and you can live with the money you have left.

The essence of this is to be smarter in managing existing finances through the income earned. Actually, the weekly salary and monthly salary are not much different for everyone when they both save, but for those who get a monthly salary, of course it will be a little difficult when preparing money to be used on a daily basis with what will be saved every month.

Meanwhile, for those who get a weekly salary, it is actually very easy to manage expenses and save every month because of the four weeks in one month. A person can use his salary received for two weeks for a month's needs and his salary for another two weeks can be saved for urgent needs when he is sick or has an unexpected disaster.

When I was working at the company, I went through 2 forms of weekly salary and monthly salary, I found these 2 forms no difference because the salary is the same. If you receive a weekly salary, you will have a weekly spending plan, if you receive a monthly salary, you will have a monthly spending plan, it all depends on the plan your own spending will decide everything. There is no difference as people are saying, if we have a clear plan because the bill payment repeats every month, except in unexpected cases.

[cafee_orange]

I am a worker who works every day at a shoe shop in my area, if calculated it seems that I have worked there for 3 years. I always receive a net salary there once every 1 year or we calculate it as a percentage that must be paid to us workers. but we are given food money every day. Therefore, responding to your question above, I myself am more interested in receiving payments from my work, namely by calculating a percentage, because with payments like that we can make these payments as savings. I prefer the percentage sharing category.

[rat03gopoh]

The longer the payday period can affect the desire to spend in the early days after payday, especially if you only have a small number of monthly bills, because that means the bigger the nominal you receive, you have to be really smart as a financial manager in the family sphere. I personally prefer weekly, in terms of spending it will be more conditional.
For the 2nd question, percentage pay is rarely offered to employees. It seems that it only applies to shareholders.

[jrrsparkles]

There are two categories of people when it comes to the choice of when to receive payment for work. There is the category that prefers it be paid weekly so they can off set bills as they come so they do not become a burden, while there is the category that prefers it monthly so they can plan well for the month.

If employers put out the option before you to either to be paid weekly or monthly for your job, which will you prefer? Please give reasons asides the ones I have stated to support your answer.


Would you prefer to be a contract staff for a company that is being paid a certain percentage for every job delivered, or would you prefer a job with a fixed monthly or weekly income? (Give a reason for your answer aside the reason that will be stated)

With percentage earnings, you can earn more and you will be very motivated to work, but the disadvantage will be when there is no job.
With Fixed earnings, you are sure of what to receive, but sometimes the workload you may encounter may be so much that the salary you are paid does not befit the work you put in.

In my opinion percentage or commission based earning sucks for most of the people so you have to keep pushing yourself to meet the requirements which is more stressful so preferring the fixed pay is advisable. I would say monthly pay check is better so we can have more money and plan according to our monthly expenses, if we get them for every week we may spend it too soon then we may stuck when it comes to paying monethly bills.

[Erumo]

What about daily pays? Cant imagine how people who gets paid by the end of the working day. How to not let loose and spend everything in one day. How such people save money for monthly utility bills and expensive purchases. With weekly payment I think it is close to impossible, with daily it might be 100% impossible.

I like to spend everything what is left between monthly salary - next monthly salary. Coz this is sort of a motivation, a reward, a level of how good I have worked for me.

[Frankolala]

I prefer the monthly payment,this helps me to save some part of my income since the money comes in bulk. You will have time to have plans and budgets for that month,because you have a fixed income and can easily be budget for various necessities. Motivation is the key to a monthly paid job,when you are given allowance and bonuses,this will motivate you to put in your best in your job.

Percentage jobs are very good because you have to over work yourself to have more money and this can make you earn more than what should be paid to you if it was a monthly based job. The disadvantage is that when you are sick,your job will also be sick and your income will be  sick too,there will be nobody to keep the job going.

[White pawn]

I would prefer a job that pays monthly to a contract worker or to a weekly paycheck.
A contract workers pay is quite good. You have to put in the work and depending on that, you would get paid handsomely. But when there is no work, you would be out of work and with no savings, you’ll be penniless. Generally there is uncertainty and that isn’t good.
A monthly pay, there is certainty that you would get paid at the end of the month.

[boyptc]

I've been with most type of payment scheme, weekly, bi-weekly and monthly. Well, any of those will do as I always plan on how I'll be spending the salary that is about to come.

And as for the suggestion of which type of payment is good, for those that likes to be stable then a fixed income will be enough. But if you're the type of person that always grinds then you'd love the output based type of salary.

[Aanuoluwatofunmi]

We will need to first analyze the kind of needs we have at hand which will be the best determinant to wether we are to choose a particular fix income means, then we also have individual weaknesses in handling finances, to the best of my knowledge some people cannot make a savings by little by little earnings because they have that as a weakness and they would rather prefer spending them on the arising needs than saving up, which has called for everyone to engage accordingly to the level of his financial needs and circumstances, we should enjoy what we earn and not to endure.

[Minecache]

What about daily pays? Cant imagine how people who gets paid by the end of the working day. How to not let loose and spend everything in one day. How such people save money for monthly utility bills and expensive purchases. With weekly payment I think it is close to impossible, with daily it might be 100% impossible.

I like to spend everything what is left between monthly salary - next monthly salary. Coz this is sort of a motivation, a reward, a level of how good I have worked for me.

In my country, heavy and laborious jobs such as porters, assistants...Most get paid at the end of the day or every 2 days, and I've been through those for a while, and I have no problem saving or paying bills every month. It all depends on ourselves, if you have a plan for everything, then you will never have a problem with spending. You get paid at the end of the day, and when you get off work, you can put them in the piggy bank or give them to your wife to keep, it's not as hard as you think.

[Ludmilla_rose1995]

if I were an employee, I would ask my boss to pay me weekly. being paid weekly is actually much better than being paid monthly because usually people who are paid monthly will enter into a debt circle unless the payment received per month is large enough and can cover expenses every day.

[naira]

If employers put out the option before you to either to be paid weekly or monthly for your job, which will you prefer? Please give reasons asides the ones I have stated to support your answer

In general, a monthly paycheck is the most common thing but personally to be more effective I would go for a weekly paycheck. Due to weekly expenses, maybe at least I won't give out a loan to cover my needs for 1 month. Sometimes the monthly salary makes us wait a long time. Now in applying the weekly wage it is said to be effective because it can measure short-term needs for 7 consecutive days.

I often share my opinion on this sort of thing and 8 out of 10 people choose weekly for the same reason that the cost for 1 week is easier to measure.

[passwordnow]

The majority of us want stability and that's why a fixed income will be the majority's choice. Especially today where layoffs have been happening, it's hard to find a secured and stable job. That's why those that have been employed still with their employer and they're good and taking to their employees, you all should be grateful because it's rare to find a company these days that are too thoughtful for their companies and don't treat them just only as live money making machines.

[crunck]

if I were an employee, I would ask my boss to pay me weekly. being paid weekly is actually much better than being paid monthly because usually people who are paid monthly will enter into a debt circle unless the payment received per month is large enough and can cover expenses every day.

If you spend unplanned and uncontrollably, even if you receive a daily salary, you will still be in debt. Get paid weekly or monthly, it's all good because we've done an excellent job, and they almost no difference. As for how we use them, that's up to us, can't blame getting a weekly paycheck that puts us in debt and a monthly salary that doesn't.

[Darker45]

1. I prefer weekly. I think I can more properly manage my finances if the salary comes every week. Also, it's quite funny but every time pay day is near, it excites me; so getting excited 4 times a month is apparently much better than just once a month.

2. If I have to be employed, more than anything, it might be driven by salary. So whichever the case that gives me a bigger salary, I'd prefer it. If it will be the contract mode, then I will go for it. If it will be the fixed mode, then I'll have it. But the one and only condition that is almost non-negotiable is toxicity. Whichever is toxic, I will avoid it.

[Henrobakkara]

In my environment, people mostly work for a fixed monthly salary, which can be increased if they work on Sundays, holidays or at night, and I think that most people still prefer that way of payment. Maybe in some industries weekly salary payments make sense, but in most cases it just creates additional work for the administration, because it is much easier to calculate the salary once a month than every week.

I also know that there are companies that, although they pay a fixed monthly salary, also motivate their employees with additional bonuses in the form of a percentage of sales. In this way, people who work in direct sales are motivated to try to sell as much as possible, because in addition to a regular salary, they can also expect additional earnings.

I would therefore always opt for a fixed payment because it still provides much greater financial security, and I know a lot of people who do something extra in addition to their job, so sometimes you can get the best of both payment methods.

Agreed. I believe that it depends on the location and what is obtainable in that location. Also in my location, it is mostly Monthly payment cos I have not come across any organization paying weekly even if you are in a sales unit, your extras as sales bonuses also come monthly, and for me, I believe it gives you a better organization of your expenses.

if I were an employee, I would ask my boss to pay me weekly. being paid weekly is actually much better than being paid monthly because usually, people who are paid monthly will enter into a debt circle unless the payment received per month is large enough and can cover expenses every day.

I disagree because, if whatever you cannot manage as monthly pay, you still will not be able to manage it as weekly pay. I think weekly pay will even make you spend more because you believe there is another paycheck coming in the week ahead and you will not have the will to save.

[mvdheuvel1983]

Would you prefer to be a contract staff for a company that is being paid a certain percentage for every job delivered, or would you prefer a job with a fixed monthly or weekly income? (Give a reason for your answer aside the reason that will be stated)

With percentage earnings, you can earn more and you will be very motivated to work, but the disadvantage will be when there is no job.
With Fixed earnings, you are sure of what to receive, but sometimes the workload you may encounter may be so much that the salary you are paid does not befit the work you put in.

My preference is weekly pay. Why? The reason is because it will help me not to be in debt. Monthly pay may cause me to run into debt. Waiting for 30 days to get paid may cause me to run into debt.
Weekly pay means the periodic flow of the income will be short and it will help me to plan very well. Also, percentage pay is my preference. Whatever that comes out, you give me my percentage.

[so98nn]

Ok this one is really good question and it may seem simple one but it's not when you work on it practically.

So the other time I was working for a firm on weekly payroll. It was remote job and the company was based out of Australia. They used to pay me on weekly basis. The payout used to come on fixed day of the week. The issue was, the money used to get spent immediately for the week chores and it was difficult to maintain the accounting that way.

I never understood where the money went in the process. Definitely not good idea to receive on weekly basis. You can try monthly because you get the amount at once and its easier to segregate bills / EMI's etc. as you can see whole picture in front of you.