Respondent say that weekly wages would help them better control costs.
More than half of respondents would support the idea of a weekly or biweekly payment of wages, due to better cost control and allocation of resources, while others do not want to divide wages because they consider them to be too small and they want to independently distribute their income, according to a research which was conducted on 2,900 respondents by the MojPosao website.
Although a system of payment of salaries on the monthly basis is firmly established in the European Union, the idea of wages being paid on a weekly or biweekly basis is supported by 54 percent of respondents. Of them, nearly a third wants payment of wages on a weekly basis, which they say would be “psychologically good”, adding that such approach would reduce the risk of non-payment of wages or accumulation of debt by employers. A strong argument is also an easier allocation of money, so one respondent said that “it would be easier to allocate resources, and a lot less people would be hungry if the payments were done weekly”.
Another respondent added that, in the case of a delay or non-payment of weekly wages, employees could react more timely, rather than wait and dread whether they would be paid the final salary. One respondent said that it would be better to have weekly wages because “when a person gets a job, they need to work for a month and a half before they get the first pay check”.
Payment of salaries fortnightly is supported by 25 percent of respondents, because they believe they would manage to save more money. “It sounds more practical, because in most cases people would not spend money they do not have”, said one respondent. Another added that it to allow for easier allocation of money after basic monthly expenses are covered.
Payment of salaries on the monthly basis is preferred by 46 percent of respondents, with the main reason being the fact that they cannot pay monthly bills in instalments. Some say their salaries are too low to be split, while some believe that people know best how to allocate their income.
“That may be good for people who have salaries over 6,000 kuna, but what would poor workers do if their weekly wages are 500 or 600 kuna. They cannot pay utility bills, unless they start paying them weekly, one week for electricity, another for water and utilities, third week for phones, and fourth for shopping expenses”, explained one respondent.
“It does not matter how often I get paid. The bank and my current account are there to compensate. In the end, what matters is that wages are paid regularly, once a month is fine”, concluded one respondent.
