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First Paycheck at new job

July 13th, 2007 at 09:35 pm

Today was payday! I checked my bank online today and see the deposit. Yeah! The only thing I'm not happy about is that my new job pays me every two weeks. I much prefer to get paid only once a month.

I don't understand why companies pay every two weeks. Isn't it more expensive for them to have to run payroll 26 times per year rather than 12 times?

4 Responses to “First Paycheck at new job”

  1. LuckyRobin Says:

    It depends on the company but I would hazard a guess that it is because unpaid wages shows up in the books as a liability (owed money), not an asset and they like to keep things as up-to-date as possible.

  2. disneysteve Says:

    I'd also assume that there are a great many people who could never manage getting paid just once/month as they don't have the money management skills needed to budget that way.

    I've posted before about where my MIL works. They get paid weekly. The owner wants to switch to every other week but a bunch of people complained that they couldn't make that switch as that would leave them with no pay for 1 week and they'd have no money to live. That means they all have zero savings and couldn't last 1 week without a check. Pretty sad, but much more common than we might think.

  3. shadon Says:

    Getting paid every other week (or "fortnightly") is very common here (Australia). Genrally, a lot of trades get paid weekly as do the service industry such as hospitality and retail, all Government Employees are paid fortnightly as I think are the finance sector such as banks. Really the only people paid monthly here are Upper Management employees who are salaried rather than on wages.

  4. luxliving Says:

    Where did you go???

    How's the new job?

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