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

[m2017]

I would prefer a job with weekly pay. If suddenly the Earth stops at the end of the month and I haven't received my paycheck yet, I'll be upset. I like the weekly model better than the monthly one. Completed 1 milestone (1 week) - received payment, completed one more - received again. In principle, the final amount per month will be the same, but this way the money will always be at hand in case of urgent need. So more comfortable.

I like the option: part of the salary is paid in a fixed amount, and part - % of the work performed. So there will always be a guaranteed amount, but at the same time there will be an incentive to be active. A completely different question is what will be the fixed amount and what % of the reward. Here it is already necessary to look specifically at the situation.

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[Eternad]

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.

It will depend on how we managed our finances, some allotted their 1st week payment for food budget, then their other weeks is for bills and etc. Though in bounties or crypto works, It is better to be in weekly payment since we're not sure whether the companies will pay but in actual physical jobs I will not mind if it's monthly or weekly as long as I was able to budget it. Though at this times I prefer to have more jobs and sidelines that will allow me to withdraw anytime like doing online selling or small businesses.

[Cling18]

Weekly pay is my preferred payment for I will be able to buy all my necessities for a week and I will also be able to cope with the expenses. Dividing my weekly salary for my expences and savings will never be a problem if I will receive the right amount of salary after a few days.
I also prefer a fixed amount of payment so there will be a guarantee that I could receive a salary with or without workload without worrying to reach a target quota. Percentage earning will be a risk especially if our job needs a target number of workload to reach.

[ivankoh]

In the year 2022, the company I work for voted to experiment with salary payments every 1/2 months.  It is a favorite experience for me, the salary every 2 weeks helps me to control my living expenses and regulate it accordingly.  Unfortunately after a 3 month trial, a vote was made and finally returned to the monthly salary.  Nowadays, all types of businesses apply basic salary that increases according to sales performance and targets, I like this job.  It creates great momentum.

[Wakate]

Everybody wants to live a comfortable lifestyle with having to stress yourselves going to work and getting out of work. We want to work and get paid as soon as possible without any delay because there might be some bills and might be waiting for such money. If we will have to wait for a month, that would really stress us mostly when there is no money to pay bills.

I will always prefer getting paid weekly so I can always attent to my problems at the right time, without having to wait for a month before getting things solved.

[fuer44]

From an employee's point of view, a fixed monthly salary would be more convenient. If the salary is weekly, we might think about using the money faster that week and it doesn't feel like in a month we have almost no savings. And if the salary is a presentation of the work we do, it's like forcing us to work beyond the company's targets.

[noormcs5]

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.

It depends on situation to situation and we cannot say that the fixed pay job is better or a percentage based job is better. For example if your fixed pay is a good amount then for sure this may be a better option. Also the fix pay grantee is the certain amount in your bank account on monthly basis which give you a piece of mind.
However sometimes the percentage based job can be more attractive as the more you work the more you can increase your income. However , there is no income granted in case your unable to find relevant work the percentage will go down as well.

[summonerrk]

From an employee's point of view, a fixed monthly salary would be more convenient. If the salary is weekly, we might think about using the money faster that week and it doesn't feel like in a month we have almost no savings. And if the salary is a presentation of the work we do, it's like forcing us to work beyond the company's targets.

It turns out that the frequency of remuneration is an individual value, which depends on the self-discipline of each person. It is best to try to plan a budget for three months ahead. This gives an understanding of how much will be spent in the near future, protection against spontaneous purchases. If you accustom yourself to this view of spending and the budget, then the monthly salary will be acceptable. I also advise you to write down all your expenses, this gives you an understanding of how much to spend per month at all. And for which things.

[mindrust]

The answer is "daily."

That's why I don't work for somebody. I do my own business and I get paid daily because I work every day. Why would anybody say "monthly" anyway? What about "yearly"?

The idea is, the more you wait to get paid, the more you get pwned by the inflation. Why would you agree to wait to get paid while everything goes up in price? The sooner you get paid, the better.

If "daily" isn't enough, try "hourly".

[tjtonmoy]

The best type of payment structure will depend on an individual's personal financial situation and preferences, as well as the type of work they do. Some may prefer the stability of a fixed salary, while others may be willing to take on the risk of a percentage-based earning structure in exchange for the potential for higher earnings, just as you mentioned.

For me, I choose fixed monthly income. I know I will get to the end and not have to worry about it much. Also, that way I can make a perfect plan for my spending and do it correctly. With weekly payments, it's hard to do that.

[Uruhara]

if in this type of work in a company then I actually prefer a salary system that is paid monthly. and maybe because I'm used to such a salary system.
in monthly paydays and even every payday we can see details such as deductions, allowances, bonuses, basic salary in the details of the payroll (payroll). and because we have a fixed salary so we can manage finances quite easily for each month.

but if it's about the type of side job then the weekly pay is much better. because usually the money from the salary of a side job is used to meet daily needs which sometimes we need at any time. or to meet the cost needs of a hobby.

and just knowledge that even in the monthly salary system within the company there are certain different methods.

for example :
1). gross method (the company pays gross salaries to its employees without deducting taxes/health insurance and so on)
2). gross up method (company pays gross salary + additional salary to pay taxes/health insurance and so on).
3). Net method (the salary received by employees in this method is the net salary, that is, the salary received by the employee has already been deducted by the company for taxes and health insurance and so on)

and the third method is the most widely used by factories and large companies. while methods 1 and 2 are usually used more by freelance daily workers or in small companies or restaurants, department stores and so on.
(reference)

[MarjorieZimmermanGinger]

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.

Not all companies that pay workers use a weekly pattern, in the area where I live more jobs are paid monthly, but actually the weekly and monthly salaries are not much different because they follow the UMP from the government. In our place, if you prefer weekly salary then unskilled labor is an option (Bare Labor), as most companies use monthly salary format.

If given a choice, I would like to know in advance what kind of work contract will be paid using a weekly and monthly pattern, because as I said before, most companies do not use a salary payment pattern using a weekly format. To be honest, people choose a job not solely because of the weekly or monthly salary, but rather the comfort level and annual contract provided by one of the companies where they work.

[posi]

The answer is "daily."

That's why I don't work for somebody. I do my own business and I get paid daily because I work every day. Why would anybody say "monthly" anyway? What about "yearly"?

The idea is, the more you wait to get paid, the more you get pwned by the inflation. Why would you agree to wait to get paid while everything goes up in price? The sooner you get paid, the better.

If "daily" isn't enough, try "hourly".

Not everyone can be a boss or have a business of their own like you. When it comes to money, everyone wants to have a lot of money, and if they get a wish, people will want to receive it every second, not wait for hours and months to receive it. But when you're just an employee, you can't decide that.

I don't care when I will get my salary, what I care about is how much I earn. If it's a very high salary, 10 times other people's income, I'm willing to take it quarterly or annually.

[xSkylarx]

The answer is "daily."

That's why I don't work for somebody. I do my own business and I get paid daily because I work every day. Why would anybody say "monthly" anyway? What about "yearly"?

The idea is, the more you wait to get paid, the more you get pwned by the inflation. Why would you agree to wait to get paid while everything goes up in price? The sooner you get paid, the better.

If "daily" isn't enough, try "hourly".

Lucky for you who have business, but for us employees, we have a hard time budgeting our money and also finding the best time to be paid so that we can budget it and have it last us until payday. I don't know how you'd pay your employees, but I am hoping that you are taking care of them so that no matter whether you pay them weekly or monthly, they are happy since their salary is enough. Also, imagine paying your employees hourly. How would you do the paper work, lol? Unless you don't do any paperwork and just pay them out of your pocket and you're not tracking your expenses in your business.

[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.

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.

It seems you are short minded for this world and only concerned with money to continue to be able to live in the future. sometimes it's so human that you will never be satisfied with all of this. What you say is the dream of many people to be able to calmly pay their monthly debts but life is not just making money friends.

[bakasabo]

The answer is "daily."

That's why I don't work for somebody. I do my own business and I get paid daily because I work every day. Why would anybody say "monthly" anyway? What about "yearly"?

The idea is, the more you wait to get paid, the more you get pwned by the inflation. Why would you agree to wait to get paid while everything goes up in price? The sooner you get paid, the better.

If "daily" isn't enough, try "hourly".

Why not then think about receiving payment every minute or second? That will completely minimize inflation "pwnage". What about those who hold or save? If they want to buy, lets say a 2 weeks vacation, what should they do? Earn that amount daily? Cant imagine what job should it be to earn so much.

It is good that you can be your own boss and get paid daily. Do you work alone or have a colleagues or a team? I am not trying to offend you, but the job you do perhaps isnt hard or require special skills or technology. Paid daily = work must be done in 1 day. Right ? And you are most likely paid in cash. Is your work seasonal or influenced highly by demand? What about the situation when you have no work to do today? You earn zero that day? That is why I prefer monthly payment. There are days when you work little, but still receive regular payment.

[D ltr]

My financial manager is not very good so I personally prefer to be paid with a weekly system where it is easier for me to calculate expenses in one day. and I can pay bills faster and can still save every month. but everyone has their own opinion, that's why I prefer weekly over monthly

[flying_bit]

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.

For the weekly vs monthly payment, I say bi-weekly. This will minimize the paper works (payroll work) but will also convenient for your employees. Works best for any business.

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.

Can I choose both? Base pay with commission! The base pay makes you keep your employee since they know that they have stable income while the commission/percentage earnings is for keeping them "highly" motivated. People I know from ecommerce and real estate business follow that salary package.

[Wong Gendheng]

I think weekly income is certainly better than monthly, there will be many benefits that we can get if we get a weekly salary, for example we can use for investment or other businesses, and I think the percentage is better and fair than a fixed salary, usually if we get a percentage of salary then it depends with the quality and ability of our work.

[isaac_clarke22]

~

People say monthly like me, since monthly bills are like the common stuff to worry about when dealing with our finances. I believe other people are talking about yearly when it comes to filing taxes and I have observed that mostly in 1st world countries. Here in my country which is a third world country, carefully observes "monthly" pay if that can sustain monthly needs as well as if there's still plenty of room or an overhead for luxury.

And you're right that you'll get pwned by inflation, the later you get paid. Transportation to work these days are already pain in the ass.