If salaried people are moving to a twice a month payday schedule, then will the layoffs also change schedule?
Will we have a layoff day every other Tuesday (hourly)
Or are we keeping to the original schedule? How long are these layoffs going to last? Ge-z.
Focus, people. My question isn't about what day we're getting paid.
For years we've come to rely on a standard schedule for layoffs that occurred the week after we got paid.
Will the new layoff schedule remain the same or will it change? I need to know so I can brace myself and carry around extra Xanax for those days.
@pd why wouldn't they also change non-salaried? is there some underhanded reason for the disparate treatment?
@a2 No it is just salaried employees not hourly. It is stated in the notice they e-mailed as well.
remember when paydays were the on the 15th and last day of the month?
then WF changed it to bi monthly and it caused quite a stir!
one thing we can count on---WF is always changing
@aa I don't know for certain but probably has to do with the commission runs. I wouldn't doubt if it costs $10m to code that little change or something.
Why Every Two Weeks (Bi-Weekly) Is Better
• Two Extra Paychecks: You receive 26 paychecks a year instead of 24. Two months out of the year will give you three paychecks instead of two, which acts as a built-in bonus for savings or paying down debt.
• Predictable Weekday: Payday always lands on the same day of the week (like every other Friday), making it simple to track when money hits your account.
• Easier Hourly Tracking: This schedule fits standard 80-hour two-week work periods cleanly, making it the preferred choice for hourly workers.
Why Twice a Month (Semi-Monthly) Is Better
• Cleaner Bill Alignment: Paydays on fixed dates like the 1st and 15th match the standard monthly cycle of rent, mortgages, and utility bills.
• Larger Individual Checks: Because your yearly salary is split into 24 chunks instead of 26, each individual paycheck is slightly bigger.
• Simpler Monthly Accounting: You always know you will get exactly two paychecks every single month, which helps people who dislike the shifting calendar alignment of bi-weekly pay.
@a2 Financial Advisors in WIM are not moving to the new schedule, which suggests the new schedule is somehow detrimental to employees (and they were afraid to force it on FAs for fear of complaints or attrition). They don't care about complaints or attrition from any other type of employee, obviously.
It's not rocket science. The layoffs are The Tuesday after a payday for HR timing/process and state pay reasons. The schedule will just move to the new twice a month schedule.
Aren't all employees moving to the new schedule, not just salaried? I got the notice of the change and I'm not salaried