What is the reason to move our pay to bi-monthly?
8 replies (most recent on top)
@d6 Well, you are getting the same pay. Your annual salary divided by 24. I know a lot of people will like the twice monthly pay, but all my bills have been scheduled around monthly pay and my lenders will not change the due date. Will be a pain, but I understand it.
normalization. Every check they have to cut costs money (calculating taxes, bank fees etc) so monthly pay was a cost cutting effort at 3M. But there are so many exceptions and one offs its allegedly been harder to manage
Also gives management more flexibility when they have to lay people off. Twice as many “end of the pay period” opportunities to let people go.
I'm happy about it! I hated when we switched to monthly!
It's not every two weeks, it's twice a month....so there will be no "extra" check two months out of the year.
I'd assume commissions like bonuses will be paid in their normal cadence
I’m assuming salary every 2 weeks and commission once a month.
Will this be regular pay or commission only?
Some US states have laws that mandate twice / month payments. This way HR is not dealing with exceptions based on state.