Weekly versus monthly payroll Ratio

Weekly versus monthly payroll Ratio

Didn't find your answer?

After doing some light market research it looks like a 2:1 ratio in favour of weekly pay in the smaller client bases (under 30 employees), looking for some community insight on whether you agree/disagree?

Replies (7)

Please login or register to join the discussion.

Euan's picture
By Euan MacLennan
08th Jun 2015 10:06

I disagree

I have no idea what "light market research" you may have undertaken, but in my experience, about 99% of payrolls are monthly.

I doubt the number of employees has much effect on the outcome.  Almost all one man companies will pay monthly, if not annually.  Pubs and the like may well pay weekly or even daily, but if there are 9 or fewer employees, they tend use the RTI easement of running a monthly payroll on or before the last payday of the month.  Some industries have a tradition of weekly pay for the workers - these may well be payrolls with a lot of employees.

Thanks (1)
avatar
By Crouchy
08th Jun 2015 10:17

monthly

we actively seek to get all payrolls on a monthly basis as its far easier for us and cheaper for the client

 

we have 2 2 weekly pay runs and no weeklys - we wont take these on anymore

Thanks (1)
avatar
By Willwo01
08th Jun 2015 10:26

Euan
thanks Euan, your views are exactly why only researching with a handful of people is never any use be interesting to see if others concur with you

Thanks (0)
Replying to bernard michael:
Red Leader
By Red Leader
08th Jun 2015 10:57

not weekly!

Not sure I'm representative, but all my payrolls are monthly. Mind you, that could be because I won't take them on otherwise ...

Thanks (1)
avatar
By Kazmc
08th Jun 2015 11:42

More Monthly

We have probably a maximum 8-10% of our clients weekly paid.

Wish we didn't have any to be honest and before AE kicks in we will be liaising to try and move them to monthly or fortnightly.

 

Thanks (1)
avatar
By Jekyll and Hyde
08th Jun 2015 12:10

Most monthly, No weekly and a few fortnighly

Personally I will not deal with weekly payroll long term and I move any weekly payroll onto fortnightly or the client can find someone else to deal with the payroll. I understand that some employees do not want to be paid monthly and certain sectors prefer weekly, however my clients have had no real issues transferring weekly to fortnightly. 

Thanks (1)
avatar
By Healthpay
08th Jun 2015 22:27

Me too
We refuse to take on anything other than monthly. One potential client couldn't understand why I wouldn't take them on with a 4-weekly payroll. After all its nearly the same thing surely......!

Thanks (1)