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

[nimogsm]

I think a weekly salary is more motivating to do a good job, since you will get access to money earlier and there is an opportunity for early planning for spending it, with monthly payments, access to funds is only 1 time versus 4.So as for me, the advantage is still in the weekly payment for the work done.

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[sulendra12]

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.

This is just depends on where do people work. they can't really choose between monthly and weekly basis payment due to how economy works here. In here, mostly the job pays you in monthly basis and it's really difficult to  search weekly basis job payment if you don't have higher position in that job. But still, if you have monthly payment basis you can still plan your earnings/expanses for better finance planning.

[lixer]

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.

Usually, the amount paid on a monthly basis is bigger than the pay we get per week and per 15 days which can be enough to budget to reach another monthly payment again. Getting involved in debt won't be based on how long we get our payment because I already saw people who are still involved in debt even though they are being paid daily, weekly and per 15 days. If you are an employee, you can't just tell your boss to pay you per week but they have the right to decide if what time or day they will pay you.

For me, I prefer to be paid in percentage because there is a way for my earnings to be maximized if there are days that I feel more energetic to work for extra hours.

[gabbie2010]

with weekly, you could spend your weekly amount to survive, but its always a tricky situation to calculate the bills and unexpected ones.

Weekly payment, so that I don't need to wait or borrow money if something sudden comes up that requires me to have more money than I have. Also, when you get the salary all at once, it almost feels like it finishes earlier too and then you have a whole month to wait again.

And, I prefer fixed payment, so that I don't have the fear of when I don't get no sales to get any commission, and that does happen.

I also prefers weekly wages I can't withstand waiting for 30 days to earn monthly salary, it's too long to me, although in my country salary is paid monthly, I can as well plan my budget on a weekly wages maybe use my first and second week wages to stock food in the house while saving other weekly wages, I will also never lack cash for any urgent need to pay for fee because there will always weekly inflow of money into my account, of course I am not in the habit of spending money extravagantly   thus earning a weekly pay wouldn't push me to spend lavishly.

[BIT-BENDER]

Well honestly between monthly or weekly pay for me it has to be weekly pay, finances and cash flow should be coming in as fast as it can an in a shorter time frame as it can go.

Having you earnings coming weekly can mean you get access to your earnings more and have better time opportunities to put your earnings in good use than when it’s coming monthly.

[SatoPrincess]

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.

I doubt there are many companies that give employees the option of weekly/monthly pay, but since this is all hypothetical, I will stick with a fixed monthly salary. It puts me in a better state of mind when I see that end of month checks coming in. I think it depends on the type of job and company you work with. For example, sales people have the advantage of having a base salary and also commissions on every sale. Employees are usually motivated to close a deal because of the commissions they will receive, most times the commissions are more higher than the salary. And when the sales rep fails to close a deal, his base pay isn’t affected. Sales role in tech companies used to be enticing before the massive layoffs began.

[goaldigger]

Well honestly between monthly or weekly pay for me it has to be weekly pay, finances and cash flow should be coming in as fast as it can an in a shorter time frame as it can go.

Having you earnings coming weekly can mean you get access to your earnings more and have better time opportunities to put your earnings in good use than when it’s coming monthly.

This could be the option but in my country, we get used to a twice a month distribution for you compensation which we are forced to budget tightly for the next two weeks because you can’t bet your money in full. Paying out weekly is more ideal to me, it gives you liquidity and yes you have more time to catch up the trend instead of waiting for a long time for your paycheck. Maybe its also good to give options to their employees on what is their preferred time to get their salary.

[isaac_clarke22]

~

It's better to be just in a fixed monthly/weekly income. Due to obvious of it going to stability in your own end especially these days. I personally never felt the motivation to work more in percentage earnings especially in sales work. It might work for some if sales is their forte.

I would like fixed earnings even if workload might be sometimes....too much, because usually the things I would apply for would be software dev/engineering work and I love coding.
About the weekly or monthly payment, I would prefer weekly if the company allows it. I needed that time off after the end of week. The only thing I could appreciate in monthly work is just like Lucius mentioned. It could potentially give you higher pay when you work on weekends, but as for me looking for work-life balance, I would love to own my weekends so I'll pass on the Monday-Saturday workloads.

[stomachgrowls]

I doubt there are many companies that give employees the option of weekly/monthly pay, but since this is all hypothetical, I will stick with a fixed monthly salary. It puts me in a better state of mind when I see that end of month checks coming in. I think it depends on the type of job and company you work with. For example, sales people have the advantage of having a base salary and also commissions on every sale. Employees are usually motivated to close a deal because of the commissions they will receive, most times the commissions are more higher than the salary. And when the sales rep fails to close a deal, his base pay isn’t affected. Sales role in tech companies used to be enticing before the massive layoffs began.

Doesnt matter if it would be weekly, bi-weekly or monthly because as a employee then you would definitely be going with their terms and ways and wont bothered out.Good thing if you've been given out with some options on whats the duration or time you would be accepting or getting your pay but in most cases specially here on our country on where most employers do really go for monthly pay.
Some of my friends had able to deal up with jobs having those weekly pay specially on those common industrial jobs been offered.Just like on what im saying that it wouldnt really be that
much of an issue since everyone could really deal up with on what those employer terms as long we do have able to get the job which matter the most.

[Ultegra134]

I've always been paid on a monthly basis; I've never heard of weekly payments before, but even if it were an option, I wouldn't choose it. I'd rather be paid once a month than have my salary divided into four smaller payments; it seems pointless. While commission-type jobs may provide you with the ability to earn more than a standard fixed salary, I find the whole concept stressful since you don't have a standard amount of money you'll receive each month. Personally, I prefer the safety of being paid a fixed salary; it gives you peace of mind.

[shinratensei_]

 guess it's always good to have weekly pay you have more flexibility in managing your money and your cash flow is good it just gives more guarantee that you gonna get your money unlike monthly because even monthly there could be some delay which means it will disrupt your economic condition if you are heavily depending in your earning.
but the second question whether it's fixed or percentage earning, it's always depends whether your earning could sometimes have some serious increase in terms of percentage, otherwise if it's not then you better off have fixed earning.
but at the end of the day, it'd always depends in your preference.

[virasisog]

I personally prefer weekly pay because, through it, I will be able to have a weekly budget without struggling. Receiving a weekly salary makes the end of the week more exciting than waiting for half a month or a month to get paid.
Maybe we can choose our preferences based on our needs and cocomforthen it comes to budgeting. Others don't see it as a big deal but to those who need to support their family's necessities, it really has a huge impact on their lives. It can either make the situation lighter or could also be hard for them.

[LogitechMouse]

Here in our place, most if not all of the people who are working here (including me) are being paid monthly.

Job security is one of the most important thing in life. No job means no money to buy the needs we want for our daily lives. With percentage earnings, yes you can earn even more, but it's more of a temporary job only and what if that work of yours is over? Where will you find a job again especially now that many people are starting to get fired by these companies.

For me, I prefer fixed income because whatever you do, you'll get paid. Yes there is a chance that you might get a higher workload, but in some companies, there is this thing called "bonus" where the company rewards the most industrious employee with some money so that they will be motivated to work even more. Fixed income + bonuses > percentage earnings where you don't know when you will have a job and when you will not have one.

[bettercrypto]

      To the people who work that their salary is not enough, in reality, they would prefer the weekly salary, why? so that they don't get into debt, because if their salary is paid monthly, their debt will surely accumulate.

Then for others, the monthly salary is okay with them, that's because their salary is big and they can budget their salary anyway.

[teosanru]

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.

I'll try to answer it one by one. First talking about weekly or monthly earnings. I believe monthly is much better because if I get weekly earnings my spendings will be drastically more as I'll be spending heavily every weekend especially if I get my salary on a Saturday so definitely monthly earning help you to accumulate your earning rather than you over spending everything.
Coming to second question percentage or fixed, i think in every job it's really difficult to have a percentage earning model. So only a few jobs can have that but honestly it's risky but equally advantageous as well because in good times you'll be earning better but i have been  a financial analyst i know if there is more percentage based earnings there will be more accounting frauds.

[_BlackStar]

There are several types of work that are paid daily, weekly, monthly, or also for an annual percentage of results. Almost all formal jobs pay their employees a monthly salary and it's very rare that I see them getting weekly salary. We know this is normal for staff or employees in many countries, but in some countries there are workers who are paid by the hour.

If I had to choose, then I tend to think that getting weekly pay is a lot more helpful than a monthly pay. I can plan lot with that weekly paycheck and probably save lot more in terms of expenses. But it's hard to find job that pays weekly paid in the real world, most pay daily or monthly.

[Iroh]

      To the people who work that their salary is not enough, in reality, they would prefer the weekly salary, why? so that they don't get into debt, because if their salary is paid monthly, their debt will surely accumulate.

Then for others, the monthly salary is okay with them, that's because their salary is big and they can budget their salary anyway.

There are very few people who work either weekly or monthly and would admit or agree that their salary is enough. I don’t think people who work monthly would prefer to be paid weekly just so that they wouldn’t go into debt.

You would always incur debts of you aren’t prudent and are careless with the way you spend your funds irrespective of the way and manner you earn.
Strict budgeting of your income would help keep you safe so whether you earn daily, weekly or monthly, you would be safe and free from debts.

[isaac_clarke22]

~

I believe we reside in the same country and yeah, companies especially the private ones usually pay monthly. Not sure where I read it, but I believe companies do those habit because it is another work for payroll and considering that in a larger company where hundreds to thousands employees are working in it, it is going to be a pain in the ass for the payroll to run the payments every week plus considering that it is also time consuming.

Worth mentioning that printing documents related to pay is going to costly for the company itself.

[ginsan]

Where I work, the average employee who works at that place all receives monthly payments and of course that is the rule that is enforced by the company. but in my opinion whether weekly or monthly payments are not a big problem for employees because if they are able to manage their management properly then they can live well by being able to save 20% of their income.

in annual percentage payments maybe in my environment there are only a few companies that do that and usually it will only happen to employees who have worked for that company for a long time. With that in mind, I myself might prefer to receive payments on a monthly basis and that is the right choice for managing finances and it depends on each of us.

[rahmad2nd]

I think the answer is very subjective, depending on the perception of each person. however, in my opinion, there is nothing better, because there are always pluses and minuses, advantages and disadvantages of these two payment systems and it depends on where we work, skills and position. so, whether monthly salary, weekly, fixed income or percentage system. the answer depends on the person himself.

Talk about salary, especially monthly. in my country, the average employee still adheres to a monthly salary system. but if we talk in general, the monthly salary has added value because we still get the full salary even though there are national holidays or other emergency conditions. sick or leave, it doesn't matter. we will still get paid in full.

On the one hand there are plus points, but on the other hand there are also minus points. work, overtime, even the same salary. this is the problem. no matter how hard we work, the salary at the beginning of the following month remains the same. unaffected by our good work. As for salary increases, at least once a year. but because of the demands of life, regardless of the salary system, we will still be required to work, generate income and meet basic needs.