Which one is better getting paid weekly vs. biweekly?
You get a larger paycheck getting paid biweekly but that is because it contains two weeks pay. The total dollars you get is the same. Most companies pay biweekly because it costs them less to process payroll every other week than to do it weekly
Would you prefer to be paid by the day, weekly, or biweekly?
I prefer to be paid with as little knowledge of the payment as possible, so biweekly.I find that associating my work to a dollar value hampers productivity. Yes, monthly pay/salary is an important motivator when job-searching / making career choices, but once you’re in a position you need to dig up intrinsic motivation. I think it’s a lot more rewarding too, to motivate yourself based on how your work can help others, your team, and add to your personal skill set.Another angle - I don’t like to be paid daily because it feels easier to spend the money. Especially if you’re working with cash tips or something. It’s harder to hold onto that cash, which can be fun, but ultimately it’s probably better for the employer/employee to be paid in ways that encourage saving.
Is it better to get paid weekly or bi weekly??
So I have been getting paid bi weekly now for as long as I can remember. Which is basically every other Friday. I have never liked the bi weekly payroll system because I just didn't like waiting 2 weeks for another paycheck. When I was being paid weekly I was much happier at my job because I knew I had money coming in every week. Yes with bi weekly pay you'll get more, but I feel that only applies to people that don't know howto budget their money. With weekly pay I can pay majority of my bills for the month and then the next week pay the rest, it's so easy for me that way. What do you guys think. Is it better to be paid weekly or bi weekly???
What Is Better...Getting Paid Weekly Or Bi-Weekly? 10 points?
My mom told me it's better to get paid every Other week because you're making more on the paycheck than someone who is getting paid every week. What do you think? So if I work for a job that gives a paycheck bi-weekly...does that mean the hours i work this week and next will add up to what I'll be making on the paycheck.
Is it better to get paid weekly, bi-weekly, or monthly?
The more pay periods, the more money an employer loses. And technically, the more an employee makes.This is because of “The time value of money.”If you’re an employer, and you pay (worst case scenario) an employee $50,000 a year. But you only pay him once - at the beginning of the year. The future value of the $50,000 you paid at the beginning of the year (at 9% interest) would be $54,500. Essentially, the employer loses that $4,500 in value by borrowing and paying once. FV = $50,000 x (1+9%/1) ^ (1*1)]If you pay monthly, that future value is $54,690 [FV = $50,000 x (1+9%/12) ^ (1*12)]. So, it costs the employer $109.50 MORE dollars per year to pay monthly rather than once a year.If the employer pays bi-weekly, then k=26. It costs the employer $200.50 more to pay bi-weekly than once a year.If the employer pays weekly, then k=52. It costs the employer $204.50 more a year to pay an employee weekly (plus the costs of transferring or mailing the paycheck) instead of once per year.And while the $4.50 difference between paying monthly or bi-weekly isn’t a huge difference, if you’re employing 10,000 employees, it’s $45,000 in total future value of the money you have. An employer could be using that $45,000 to pay down debt instead or investing in his company.
Do you get paid weekly, biweekly, or monthly and if you have had more than one which do you prefer?
I get paid biweekly and i have been paid weekly before and i did not like it. The checks are smaller and to me it was easier to blow the check than save for rent etc because you were getting paid the next week. I have a friend who is paid monthly and i would not like that ethier you have to really have to budget for like gas etc
Do you get paid weekly or biweekly at goodwill?
biweekly, or at least thats how it was a few years ago, if its a sacramento location.
Is it better to be paid monthly or weekly? Why?
Both the systems have their own benefits / limitations. For certain class of people who are paid lower wages, they don't have enough savings or cash on hand to wait till next month. As such, they prefer weekly payment. Moreover, to meet their day to day needs, they are required to borrow at exorbitant rate. Definitely, weekly payment is better for them.As far as company / employer is concerned, for weekly payments, they always remain busy in processing. Moreover, certain payments are monthly payments, as such, they prefer monthly payment. Even, there is a class of people who prefer monthly payment.
Is it better that I pay myself monthly or biweekly?
If paying yourself bi-weekly doesn't cause you to spend more than if you were to pay yourself monthly, you should pay yourself bi-weekly. This is because of the time value of money; a dollar today is worth more than a dollar two weeks from now. Admittedly, if the discount rate used in the time value of money calculation is low, then the extra value generated by investing money for an extra two weeks is not very impressive. Still, all things being equal, you should mathematically prefer to be paid sooner rather than later.