Post
Topic
Board Economics
Re: Monthly or weekly pay? Fixed or percentage earning? what is your prefrence.
by
flying_bit
on 14/02/2023, 09:34:56 UTC
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.

For the weekly vs monthly payment, I say bi-weekly. This will minimize the paper works (payroll work) but will also convenient for your employees. Works best for any business.


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.




Can I choose both? Base pay with commission! The base pay makes you keep your employee since they know that they have stable income while the commission/percentage earnings is for keeping them "highly" motivated. People I know from ecommerce and real estate business follow that salary package.