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Almost no one is paid in advance. Most people expect to be paid on a regular schedule, e.g. biweekly, semimonthly, monthly. If you do the work and don’t get pa
by ellisv 4y ago
Almost no one is paid in advance. Most people expect to be paid on a regular schedule, e.g. biweekly, semimonthly, monthly.
If you do the work and don’t get paid soon, what’s your expectation going forward?
- wpietri 4y agoDepends a lot on the context. In this specific one, where $250k is getting freed up immediately and some large percentage of the account will be available within a week, then I'd be totally fine if the CEO says, "Oops, we got caught up in this, we'll do a partial payroll with what we have and get you the rest with a special check a week later." On the other hand, if the CEO were saying, "Gosh, our company managed our cash so poorly that problems with one bank mean the company might go under," then I'd be looking for a new job pronto. Because not only would that mean notable financial mismanagement, but would also suggest that the business was not healthy enough that they could get a bridge loan or emergency investment.
- markdown 4y agoIf you know your boss got screwed by his bank, but that you can bank on being paid within a week, then you'd stay, wouldn't you. I'm under the impression that every American adult has a credit card, so I don't understand what all the fuss is about. A worked who understands this situation and still leaves because they got paid a week late is a worker who was going to leave soon anyway.
- wpietri 4y agoExactly. Companies go under all the time for all sorts of reasons. A worker who has absolutely zero margin to delay a paycheck is in trouble for all sorts of reasons. Bank failures are tiny fraction of the things that could wreck their world.