Monthly or weekly pay? Fixed or percentage earning? what is your prefrence. - page 9.

xSkylarx

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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.

Weekly payments from work are very rare right now, but I think most people want this, as we want money right away. Imagine you can receive it on a weekly basis, but I don't like being paid weekly; I prefer being paid every half of the month or a month long because you can save money and receive a big amount. Unlike on a weekly basis, on a monthly basis, you can really purchase things that you need using your bigger amount. I have also tried being paid every 15 days, which was also good, but the problem with this is how you will budget it with bills since it is not enough, so usually your end-of-month salary will be used for bills.

avikz

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

I will prefer a fixed job with a fixed salary over contractual opportunities. The reason is very simple as I have experienced it myself.

I had worked as a contractual staff for 2 years. The main reason why I don't like it because no banks will offer loan to a contractual employee unless you are able to find a guarantor. Banks even deny secured loans like housing loan. I have experienced this myself. Things may be different in different countries.

We still need the support from banks to buy any high value things like home or car. In my country, these are not available for a contractual employee. That's my reason!

Taskford

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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.

Its rare to find weekly fixed salary especially when you are dealing with traditional jobs since most of those companies pay fixed monthly payments to their workers.

But for me I would like to get weekly percentage pays because the earnings we can get will depends on the effort we put on the job since the more task we can do the huge the earnings we can get compare to fix salaries where even if we do all out efforts to the job the payments still the same.

DanWalker

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

Honestly, I hardly care about the salary that will be paid weekly or monthly. What I care about is how much they pay me when I work with them, and the payment cannot be delayed. Receiving a weekly or monthly salary, it is not so important because we will have appropriate adjustments and plans.

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

I prefer working with a fixed monthly salary rather than a commission-based one. Because I like a job that is not too stressful and has a stable income so that I have more time to look for other opportunities for myself, such as investment.

hyudien

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Monthly or weekly salary is actually the same, the difference is when we receive our salary, of course. lol.
So here we are actually being tested about our financial management, after all, if you talk about the nominal between weekly and monthly salaries, it's the same, isn't it? unless the weekly salary is greater than the monthly salary, or vice versa, we definitely prefer whichever is the largest. What is needed here once again I say is financial management, we must be good at managing our expenses every day, week and even every month.

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When I’m a new employee without a family that needs to feed, I preferred the monthly salary because I can save all my money by limiting myself from expenses because I’m always tempted to buy things even if I didn’t need it when I see a sale on the mall. But this kind of thinking was changed when I have wife and kids because I think for my family first and I need money to sustain my family daily necessities including bills so I want to get my salary as much as possible. I believe preferences on salary will varies based on our priorities in life.

As for the salary type. I preferred the percentage earning due to the nature of my work. My work is worth millions of dollars for the company but the company only paid me a fixed amount which is not even close to 0.01% percentage of my work value. Only sales job here has the feature of percentage base salary and the rest was fixed salary type. Sadly.

Wexnident

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Monthly. It's just something I'm used to I guess? And it also helps in setting up the general payments all at once in one sitting, compared to setting it up weekly. It's also the default method most companies use for paying their employees, so I pretty much got used to it already. Even with my signature campaign, I usually let it pile up and then only use it properly every month (though I do forget it sometimes and go past a few weeks).

As for percentage vs fixed, I guess it depends on the job, but I'm more into fixed salary, it's much more stable after all. Though if more instances were to happen where the salary isn't worth the amount of work you'd put in most of the time, either get a raise or just leave and find a better job.

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Quote from: Lucius on February 02, 2023, 07:25:30 AM

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.

Yes, I worked in the field of sales, where there is a guaranteed payment, and it is much less than the percentage that the boss determines after successful purchases. It's really motivating. Just a guaranteed payment, which implies that you can do nothing, in theory, in the absence of buyers, and you will still not be left without money, is not so calming anymore, and there is always a desire to work better, call and invite customers, and engage in full product advertising.
In addition, with a successful sale, there is also a moment of tipping, with which good and generous customers very often thank sales managers.
Therefore, a fixed salary is nice for me, but it must be accompanied by good bonuses.

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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.

I prefer weekly payments, simply because I love early access on my money but most people prefer monthly payments and believe the reason behind it for majority is that they don't have good self-control and once they get money, they spend it immediately on entertainment, including clubs, drinks, clothes, restaurants, expensive food, etc.
Because of lack of self-control, people prefer monthly salary, it also makes them happy when they see big numbers wholly deposited on their bank account.

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

Depends on company and type of job. There are companies where you work less and get pretty good fixed salary and there are companies where you work a lot and don't earn too much.
For example, if you work in a tech store in a location where people rarely shop, you may prefer fixed salary but if you work in a location where a lot of people come, then commissions from sold items would generate much higher salary.

Lucius

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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.

Rruchi man

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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.

Topic: Monthly or weekly pay? Fixed or percentage earning? what is your prefrence. - page 9. (Read 954 times)