Monthly or weekly pay? Fixed or percentage earning? what is your prefrence. - page 5.

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Quote from: Rruchi man on February 02, 2023, 06:22:29 AM

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 prefer weekly fixed pay. As you mentioned, there are several types of people. I prefer weekly pay as it's a lot easier to plan my expenses this way, you receive your remuneration faster and more regularly, you don't have to wait till the end of the month. Fixed pay is more stable, easier to plan expenses and you can count on a certain amount every time. Cool

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Quote from: bestcoins1 on February 06, 2023, 03:13:52 AM

Quote from: Xampeuu on February 05, 2023, 10:58:47 PM

because I have a family, I prefer to be paid monthly, so that even though there is no job, my family can still be fulfilled economically. on the other hand, of course, I have to find additional income outside of working hours so that I can save and invest from the results. but the main thing is that I have to have a steady job to support my daily life, so it is hoped that my mind will be calmer and it will be easier to produce a side job

It seems that it would be even better if you are paid weekly through your job because those of you who already have a family will always need money every day to live and for every need that you use every month. So I think it's much better than you being paid monthly even though the monthly salary won't be so bad for those of you who are already married.

But you can make your own calculations when you are paid monthly and when you are paid weekly, because it will be easier for you to manage your finances when you get paid four times a month. And this will obviously really help you in moving anything, including moving your investment for the future and keeping your savings and your family healthy.

the most important thing is that there is a calculation for managing finances regardless of weekly or monthly salary, even I think even if the daily salary can be sufficient if you can manage it properly.
In my opinion, the weekly or monthly salary is the same, what affects it is that the remaining amount is up to each of them to manage it properly.
I still live alone and currently I get a weekly salary, and before that I also got a monthly salary so because I have experienced both so I don't think there is a big influence on it.

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Quote from: Xampeuu on February 05, 2023, 10:58:47 PM

because I have a family, I prefer to be paid monthly, so that even though there is no job, my family can still be fulfilled economically. on the other hand, of course, I have to find additional income outside of working hours so that I can save and invest from the results. but the main thing is that I have to have a steady job to support my daily life, so it is hoped that my mind will be calmer and it will be easier to produce a side job

It seems that it would be even better if you are paid weekly through your job because those of you who already have a family will always need money every day to live and for every need that you use every month. So I think it's much better than you being paid monthly even though the monthly salary won't be so bad for those of you who are already married.

But you can make your own calculations when you are paid monthly and when you are paid weekly, because it will be easier for you to manage your finances when you get paid four times a month. And this will obviously really help you in moving anything, including moving your investment for the future and keeping your savings and your family healthy.

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In my case monthly, although I wouldn't mind weekly, although the weekly payment tends to appeal more to those who don't manage their finances well.

Regarding the second part, I prefer a fixed part and a variable part, so that I have the fixed expenses covered even if bad times come and I keep that part of variability that in good time can give great benefits.

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Fixed weekly salary. A month is too long for me, and I don't want to in a position where I would be out of money at the last week of the month starving to death.
Then, for emergency purposes. What if at that last week of the month or in the middle of it something unexpected happens? Position where you lack resources to get some money or a loan.
Also, I have this mindset where I get stressed if I am on the point of having just spare amount in my wallet. I don't like that kind of emotion so I am better off at weekly salary or bi-weekly can also be tolerated.
I don't like that percentage salary too, like you said there's a point where there will be no work which means no pay too.

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I prefer to receive a weekly salary because, in addition to my main job, I am an investor, and as an investor, I always need to have a flexible source of capital when the market fluctuates, there will be many profit opportunities. I am working for a monthly salary, and it makes me quite inconvenient to pay bills as well as invest when bitcoin drops suddenly, I have no money to buy but have to wait until the end of the month.

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Quote from: Unbunplease on February 05, 2023, 05:52:11 PM

I personally think that a weekly pay is better. why? it gives more space for maneuver. for example, to quit your job, you do not have to wait a whole month. it is also easier to plan the budget, payment of loans (loans are evil, but sometimes you need them).

It is true a weekly payment gives more flexibility to the employee but at the same time if I had to pick between a weekly pay or a monthly pay but with a higher salary I will pick the latter as fast as I could, and I doubt I am alone on this, after all a higher pay also gives more flexibility as you will be able to save more money each month and in the case of an emergency you can use those funds to sustain yourself until you get paid again at your job.

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I prefer weekly payment, because it will help me to tackle some family issues at the moment compared to monthly payment which will take a long time before the money will come and by then the family has pass through a lot of things in the house. Whenever I got a job and the employer prefer to pay me weekly, it make me feel good and hard working with the employer because it make me not to experience any challenges from my family. Since inflation is still affecting my country and the cost of commodities is increasing every day in the country, I think the weekly payment will help humanity to sustain till the government find solution to the inflation.

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Quote from: Rruchi man on February 02, 2023, 06:22:29 AM

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.

because I have a family, I prefer to be paid monthly, so that even though there is no job, my family can still be fulfilled economically. on the other hand, of course, I have to find additional income outside of working hours so that I can save and invest from the results. but the main thing is that I have to have a steady job to support my daily life, so it is hoped that my mind will be calmer and it will be easier to produce a side job

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Quote from: Iroh on February 05, 2023, 02:14:35 PM

Quote from: bettercrypto on February 05, 2023, 10:18:10 AM

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.

Correct! if you know how to handle your budget and you are good in managing your finances, it will be possible to keep your salary be enough to your daily needs, either it came from weekly or monthly base, as long as you have good management you can continue to survive, regarding to fixed or percentages, there are different opinions and how it will be take by different people, whatever it is as long that you are comfortable and you are able to support your needs then it's still good to proceed.

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I personally think that a weekly pay is better. why? it gives more space for maneuver. for example, to quit your job, you do not have to wait a whole month. it is also easier to plan the budget, payment of loans (loans are evil, but sometimes you need them).

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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.

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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.

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Quote from: LogitechMouse on February 05, 2023, 09:48:21 AM

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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.

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Quote from: bettercrypto on February 05, 2023, 10:18:10 AM

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.

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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.

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Quote from: Rruchi man on February 02, 2023, 06:22:29 AM

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.

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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.

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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.

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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.

Topic: Monthly or weekly pay? Fixed or percentage earning? what is your prefrence. - page 5. (Read 954 times)