6 ms·
really? i've always counted weeks, since every week is the same lenght (and paid fortnights, since every fortnight has the same lenght). i get paid by the month
by ferzul 6y ago
really? i've always counted weeks, since every week is the same lenght (and paid fortnights, since every fortnight has the same lenght). i get paid by the month now and it's super weird to me, as if i'm worth more in february than in march.
- ghaff 6y agoLarger companies tend to prefer weekly/biweekly as you don't get that month-length variance. On the other hand, many employees don't like it as much because their biggest bills tend to be paid monthly so they'd prefer their paychecks to be aligned.
- r00fus 6y agoI've seen both and as an employee the semi-monthly is the best - it's about biweekly but you don't have to wonder why some months you only see 2 paycheck vs. 3. Predictable is really good. From a company standpoint, not having to accrue the liability on the ledger simplifies the accounting auditability & ability to close your books monthly.
- MereInterest 6y agoI've had it both ways, and prefer it biweekly. That way, I can build my budget based on 2 pay periods, and have the occasional 3rd paycheck in a month go immediately toward savings.
- anamexis 6y agoSame for me. It feels like getting a bonus two months a year.
- ghaff 6y agoI've had it biweekly including in my first "tech" job. I made enough that paying bills wasn't really an issue and having the "extra" paycheck for savings seemed almost like free money towards savings/paying off loans. On the other hand, I understand people who are on tighter budgets who would rather have their revenue better aligned with their expenses rather than having to balance them on their own.
- lonelappde 6y agoThat works for people who build savings.
- rhizome 6y agoBiweekly is easier for the employee, semimonthly is easier for bookkeeping.
- dagnabbit 6y agoI've been paid bi-weekly, semi-monthly, and am currently paid monthly. Semi-monthly wins, hands-down. Bi-weekly aligns strangely with auto-pay. Monthly feels like my money is coming too far into the future.
- anthonyshort 6y agoWeekly or fortnightly pay is common in Australia, so talking about it as weeks of pay made sense to me. I don't think they really even use the term "fortnight" in the US. Every tech company I've worked at here seems to do the 15th and 30th which is still strange to me.
- arbitrary_name 6y agoIt's true, I have colleagues point out how odd my usage of fortnight is in presentations, meetings, etc. Had no idea that was a difference until I moved stateside.