Why is it the standard to be paid every month in Europe?

937 views

Rather than weekly or bi-weekly

In: 684

21 Answers

Anonymous 0 Comments

Banking. Wages are moved by bank transfer and have been for around at least 50 years. Paying monthly reduces the admin considerably which was very attractive to companies. Also, the nature of employment in Europe is different, with paid holidays, public holidays, sick pay for which, with a few exceptions, you get paid for.

Press a button all staff get paid. National Insurance, tax and any pension contribution deducted.(UK)

Payslip shows tax code, earned, deductions, earned to date in tax year, pension contributions et al

In the UK it is 28 days holiday (including8 public holidays)

Cheques all but disappeared generally at least 20 years ago. Cheques are still used mostly for inter company/subsidiary “accounting” aka moving favourable numbers about.

You are viewing 1 out of 21 answers, click here to view all answers.