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

[pixie85]

I remember the stories from my grandfather who used to tell me that he got paid weekly. Every Friday he received his paycheck in cash and when he was younger before meeting my grandmother, it was really hard to not spend all his money in a few days. It was a different time back then and only after my grandmother took over managing all the family finances, they started saving money. Today it's very different in my country, all the people I know are getting paid monthly and getting paid in cash is very uncommon. That's why I have never thought about getting money each week. If I had to choose I would probably stick to my monthly paycheck. Its better to plan each month ahead and use a fixed percentage to save. All the bills I habe to pay are either monthly or quarterly. That's why it's best to pay the bills when the money gets in. This way I make sure that there I don't spend too much money on unnecessary things.

I have a totally opposite view.

Money is debt. When you don't pay a bill on time, you are being charged for it. Notice how every single company will add money to your bill if you're late with payment.
The same can be said about your employer. If he pays you monthly it benefits him not you. He can do whatever he likes with the money throughout the month and you don't have it.

Weekly or even daily payments are the best because in case of emergency you always have the money and know if you're out it's coming in a day or two. You don't have to negotiate anything and you don't have to worry if that end of the month payment will be on time.

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[reagansimms]

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)

If this is a regular job, I will prefer to give or ask for the monthly salary. However if I were the owner of the business and this is a starting-up business, a monthly salary may be better and safer. I mean safer is that we can ensure that the workers are at least working in our place a month later. I have a bad experience when paying them weekly, after getting the salary, he was lost and never back again to the job, even it was not 1 month working. So, I needed to seek new workers again and again. If we are giving the monthly salary, we can also give any bonuses based on the evaluation during the month, it will be much better than doing it weekly because sometimes it is not really seen.

Many cases that I found around where I live, almost all companies or private businesses pay employees once a month. I personally have also worked in an official repair shop and the payment process is done at the end of each month. I think it will be mutually beneficial if employees' salaries are paid every month, employees can manage financial management properly after receiving their salary. While the place of business can run well without any problems because it indirectly already has a bond with employees.

[xSkylarx]

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)

If this is a regular job, I will prefer to give or ask for the monthly salary. However if I were the owner of the business and this is a starting-up business, a monthly salary may be better and safer. I mean safer is that we can ensure that the workers are at least working in our place a month later. I have a bad experience when paying them weekly, after getting the salary, he was lost and never back again to the job, even it was not 1 month working. So, I needed to seek new workers again and again. If we are giving the monthly salary, we can also give any bonuses based on the evaluation during the month, it will be much better than doing it weekly because sometimes it is not really seen.

Many cases that I found around where I live, almost all companies or private businesses pay employees once a month. I personally have also worked in an official repair shop and the payment process is done at the end of each month. I think it will be mutually beneficial if employees' salaries are paid every month, employees can manage financial management properly after receiving their salary. While the place of business can run well without any problems because it indirectly already has a bond with employees.

Most of the company does it monthly because of the paper work needed and also the efforts like verifying your shifts (time in and out) as well as your leaves and also the process of money like depositing in the bank and other things. If they do it weekly, it is a ton of effort, which is why it is bi-weekly or monthly. Though those small-time businesses are doing things like giving money to their employees after shift, which is pretty common in small stores or cafeterias but again it is better to be bi-weekly or monthly as you can receive a big amount as it was accumulated.

[tabas]

Most of the company does it monthly because of the paper work needed and also the efforts like verifying your shifts (time in and out) as well as your leaves and also the process of money like depositing in the bank and other things. If they do it weekly, it is a ton of effort, which is why it is bi-weekly or monthly. Though those small-time businesses are doing things like giving money to their employees after shift, which is pretty common in small stores or cafeterias but again it is better to be bi-weekly or monthly as you can receive a big amount as it was accumulated.

In my experience, most of them were into bi-weekly. Those companies were also made me choose if I want to get paid in monthly but it's better to have at least you get salary every two weeks. That's the reason why majority of the companies are having that salary payment option.
These days, I'm starting to see that they have different scheme like weekly and then every Friday. It really depends on the company for this policy and what they think is suitable not just for the company but also for the employees.

[White pawn]

Many cases that I found around where I live, almost all companies or private businesses pay employees once a month. I personally have also worked in an official repair shop and the payment process is done at the end of each month. I think it will be mutually beneficial if employees' salaries are paid every month, employees can manage financial management properly after receiving their salary. While the place of business can run well without any problems because it indirectly already has a bond with employees.

I quite agree with you as it is mutually beneficial in my opinion for both the employer and the employees to pay and get paid at the end of the month. On the part of the employer, there are less bookkeeping and records to be done and is much easier than sending out checks and keeping records on a weekly basis.
And as a monthly pay is obviously bigger than weekly income, it could help budget and plan your income accordingly for a longer term(longer than a week at most).

[summonerrk]

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.

Paying for a month is better than paying for a week. A week is too frequent a period. The most complete picture is given by the concept of how much you have earned in a year. Therefore, a month is a good period, but not a week definitely. As for a fixed or percentage payment, I recommend a combined one. I'll give you an example - Will Smith always receives a percentage payment from films in addition to fixed, which is why it's so nice to look at him in films.

[erep]

I quite agree with you as it is mutually beneficial in my opinion for both the employer and the employees to pay and get paid at the end of the month. On the part of the employer, there are less bookkeeping and records to be done and is much easier than sending out checks and keeping records on a weekly basis.
And as a monthly pay is obviously bigger than weekly income, it could help budget and plan your income accordingly for a longer term(longer than a week at most).

The average employee salary will be paid every month for all jobs at my place, but for certain jobs and economic conditions employees have no other income, so they will be paid a daily salary from the basic amount of the month's salary. Although there is no difference in the amount of salary, all employees hope to receive a monthly salary because the salary is large and enough to buy basic needs for the next month and the rest can be used for other purposes.

[19Nov16]

I once got a weekly and monthly salary and I think I like monthly salary more than weekly, this is because I'm easily tempted to use money for pleasure, if I get a weekly salary it's difficult to save, but if I get a monthly salary then I can force to save .

[Nwada001]

but I want to ask you a question: what if you need to pay a tuition or need to buy a thing whose price is bigger than your salary in a week  and it is needed on the first week of the month? How would you purchase it without borrowing money?

When I base my income on my weekly earnings, I will have to draw my budget to fit my weekly income; any expenses that cost me more than I earn are direct proof that I am living above my income.
 
If I have something important to buy that is needed at the end or first week of the month then I will put my hand on my savings and satisfy that need; once I am paid for it the following week, I replace it; it's not something that calls for borrowing, unless you are the type that doesn't save for tomorrow.

[puloweh555]

Salary and commission systems are indeed 2 different lines. My observation, people can choose whichever. the most important thing is to be enough to live on, hope to get more. Both have pluses and minuses, just as good. back to each other's souls.

I personally prefer to work with a commission salary because I'm still young and still maximizing my efforts to generate as much income as possible to get higher commissions. If the monthly salary income will not increase.

[Smack That Ace]

Salary and commission systems are indeed 2 different lines. My observation, people can choose whichever. the most important thing is to be enough to live on, hope to get more. Both have pluses and minuses, just as good. back to each other's souls.

I personally prefer to work with a commission salary because I'm still young and still maximizing my efforts to generate as much income as possible to get higher commissions. If the monthly salary income will not increase.

I agree that working with a commission salary has more opportunities for advancement, but a monthly salary or commission will not give you real financial freedom if you lack an investment. I used to be a monthly salaried employee, and throughout my career, I have accumulated a decent amount of money and spent a lot of time learning about investments that generate passive income. During that time, my income was much lower than that of my friends because they worked on a commission salary. But years go by, they still do the same job, and I already have a passive income job and some investments like bitcoin and real estate.

[Cookdata]

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.

This is all about choice, I can choose to have my paycheck handled to me weekly for some reason like early access to money before the end of the month to settle bills as you have said, and also counter emergency calls when there is a need but on the other hand, I prefer monthly payment because it can come in a bunch and I can use it wisely with a well draft scale of preference, I can't spend wisely with weekly payment and it will also be difficult to save with that method. If a company gives MOU to their workers, I will choose monthly, which will save me to cover emergency situations and home bills.

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.

This particular one depends on the environment you work in, Contract staff are been treated as nothing, and they are underpaid, I do not want to see myself as a contract staff but a full time that guarantees full benefits.

[zaki12]

Actually there is no better or worse between monthly or weekly salary, it all depends on yourself which one is more suitable. But for me I prefer the monthly salary system because it's easy to practice and adjust to financial accounting which is usually once a month.

I prefer to be able to receive all the money each month and allocate it for various needs, including saving for the future. Because I can't work under pressure, so if I work with a weekly percentage salary it will be difficult for me because I have to reach the target.

[GideonGono]

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.

Fixed monthly salary,
To be honest here I am receiving my salary every 15th and end of the month and due to that kind of payment, I tend to spend more because I know that my salary would just take a couple of days.
I don't manage my Salary that well and have small saving because of it.
I just feel that if it would be monthly I would pay more attention on how I spend it.
But of course it is all up to us on how we manage our money.

[Fivestar4everMVP]

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.

This is a tricky question I must say, Weekly payment is sweet, and would be the immediate choice if I'm not given the time to think properly.
But based on my experience so far with Weekly payments, I would prefer a monthly payment, simply because, with weekly payments, it's very difficult to save, Infact, it will take a lot of effort to save, this is because you would spend money any how with the believe that by the end of the week, another pay would role in, and if for any reason, the pay stopped coming, it is then only would you realized how wasteful you've been all the period you were receiving weekly Payments.
So I prefer monthly.

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)

Personally, I hate uncertainties, if the pay is good enough, then I would prefer a fixed monthly or weekly income, I wouldn't mind the days the workload would be much, atleast, it automatically balances out with the days the workload was or is lesser than expected.

But in the case where the pay is not good for me, then I prefer a contract where the company pays me a certain percentage for every tasks I complete, I will work my butt off to make sure I earn a good amount of money, and in the days where there are no jobs to do, I will take that as an opportunity to give myself enough rest, or maybe look for other stuff to do by the side.

[Fredomago]

Actually there is no better or worse between monthly or weekly salary, it all depends on yourself which one is more suitable. But for me I prefer the monthly salary system because it's easy to practice and adjust to financial accounting which is usually once a month.

I prefer to be able to receive all the money each month and allocate it for various needs, including saving for the future. Because I can't work under pressure, so if I work with a weekly percentage salary it will be difficult for me because I have to reach the target.

That concept in terms of good money managements, accounting and allocating your finances in a monthly basis can be done accordingly, though still depends if how much money you are earning in terms of weekly basis, and how much is the percentage of your earnings, it also affects and justifiable if you can still save and still meets your needs, especially those who are earning a decent amount of money in a weekly and percentages base salaries.

[molsewid]

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.

here in our jobs we are being paid monthly, it's not bad to have a salary month but I prefer it bi-weekly, I have encountered many things before that requires me to have a debt since our salary is monthly so no money in my pocket until I have salary. Many people have a bi-weekly salary some are weekly but it is few. Weekly is good, since we cannot predict unexpected things to happen.

[fadhilz123]

Salary and commission systems are indeed 2 different lines. My observation, people can choose whichever. the most important thing is to be enough to live on, hope to get more. Both have pluses and minuses, just as good. back to each other's souls.

Why do you consider things that are only sufficient to live to be important? Even though everyone is always trying to get more than that so they can have better development in their life and if you only think about commissions that are only enough to live on. I think it will always be difficult for you to get more things to be rich, because you only think about income that is sufficient for your life without wanting to think more than that.

I personally prefer to work with a commission salary because I'm still young and still maximizing my efforts to generate as much income as possible to get higher commissions. If the monthly salary income will not increase.

From how you feel now, is your monthly salary just enough to live on? Because in terms of looking for a higher income of course it is not seen from the age that is still young or old. This is a very clear and logical thing that you can find in your own environment where everyone who works is of course because there is a motivation to be rich while still living in this world.

[pantek talacuik]

Actually there is no better or worse between monthly or weekly salary, it all depends on yourself which one is more suitable. But for me I prefer the monthly salary system because it's easy to practice and adjust to financial accounting which is usually once a month.

I prefer to be able to receive all the money each month and allocate it for various needs, including saving for the future. Because I can't work under pressure, so if I work with a weekly percentage salary it will be difficult for me because I have to reach the target.

Having 2 incomes every week and once a month is a very good thing, if I can choose to be able to earn both of these salaries. although this sounds greedy but it is humane. humans will never feel satisfied with what they have every year. sometimes wonder about it but that's the reality of the world.

[MoonOfLife]

Actually there is no better or worse between monthly or weekly salary, it all depends on yourself which one is more suitable. But for me I prefer the monthly salary system because it's easy to practice and adjust to financial accounting which is usually once a month.

I prefer to be able to receive all the money each month and allocate it for various needs, including saving for the future. Because I can't work under pressure, so if I work with a weekly percentage salary it will be difficult for me because I have to reach the target.

Having 2 incomes every week and once a month is a very good thing, if I can choose to be able to earn both of these salaries. although this sounds greedy but it is humane. humans will never feel satisfied with what they have every year. sometimes wonder about it but that's the reality of the world.

You are not greedy, and I don't care too much about getting paid weekly or monthly, what I care about is having a job that pays well and has multiple sources of income as best. Once we have multiple sources of income or a high salary, then we won't need to worry about running out of money or paying our monthly bills because we always have money.