Topic: Monthly or weekly pay? Fixed or percentage earning? what is your prefrence. - page 6. (Read 1050 times)
February 04, 2023, 06:16:41 PM
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.
February 04, 2023, 04:39:36 PM
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.
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.
February 04, 2023, 04:33:51 PM
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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.
February 04, 2023, 04:33:29 PM
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. 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.
February 04, 2023, 03:51:31 PM
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. 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.
February 04, 2023, 03:08:19 PM
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.
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.
February 04, 2023, 03:05:02 PM
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.
February 04, 2023, 01:29:51 PM
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.
February 04, 2023, 12:36:33 PM
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. 
February 04, 2023, 12:08:45 PM
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.
February 04, 2023, 09:53:08 AM
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.
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.
February 04, 2023, 09:05:50 AM
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. 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.
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.
February 04, 2023, 08:57:42 AM
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. 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.
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.
February 04, 2023, 08:46:04 AM
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.
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.
February 04, 2023, 08:22:01 AM
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.
February 04, 2023, 08:21:47 AM
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.
February 04, 2023, 08:10:05 AM
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.
February 04, 2023, 07:49:37 AM
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.
February 04, 2023, 07:40:45 AM
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.
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.
February 04, 2023, 07:37:36 AM
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.
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