Employee Pay Schedule - REO Property Preservation Forum
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post #1 of 35 (permalink) Old 09-04-2012, 09:30 PM Thread Starter
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Employee Pay Schedule

How do you guys pay your help? Weekly? Bi-Weekly? If you pay on say, a Friday, are you paying for the previous two weeks? Right now I usually pay weekly on Tuesdays for the previous week but have considered changing it.
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post #2 of 35 (permalink) Old 09-04-2012, 09:34 PM
Jaws
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Bi Weekly. Check goes from Thursday to Wednesday, check on friday.
post #3 of 35 (permalink) Old 09-04-2012, 09:36 PM
summithomeinc
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Originally Posted by SwiftRes
How do you guys pay your help? Weekly? Bi-Weekly? If you pay on say, a Friday, are you paying for the previous two weeks? Right now I usually pay weekly on Tuesdays for the previous week but have considered changing it.
Why Tuesday?
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post #4 of 35 (permalink) Old 09-04-2012, 09:38 PM
Jaws
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Probably to keep his hands from getting hammered on the weekend and not showing up Monday

My dad used to do it
post #5 of 35 (permalink) Old 09-04-2012, 09:39 PM Thread Starter
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Originally Posted by summithomeinc

Why Tuesday?
Most customers pay on Monday.
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post #6 of 35 (permalink) Old 09-04-2012, 09:40 PM
Jaws
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Most customers pay on Monday.
Pretty low operating funds, huh?
post #7 of 35 (permalink) Old 09-04-2012, 09:44 PM Thread Starter
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Originally Posted by Jaws

Pretty low operating funds, huh?
Extremely variable gross sales with 30-60 day delay. But that's why I did it to begin with awhile ago, yes. Had to start somewhere
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post #8 of 35 (permalink) Old 09-04-2012, 09:44 PM
summithomeinc
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Originally Posted by Jaws
Probably to keep his hands from getting hammered on the weekend and not showing up Monday

My dad used to do it
If they can't show up on Monday, they can start looking for a different job on Tuesday. I like to drink. I usually go to sleep around midnight. I'm up by 6am and on time to 95% of my appointments. If I'm not on time the customer gets a call and an estimated time I'll be there. Usually because of traffic.

I have no patience for anyone that can't get out of bed and go to work.
I should say go to work and not be hung over or smelling like a distillery.
post #9 of 35 (permalink) Old 09-04-2012, 09:45 PM
summithomeinc
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Extremely variable gross sales with 30-60 day delay. But that's why I did it to begin with awhile ago, yes. Had to start somewhere
I get it. net 30 can be a real bitch.
post #10 of 35 (permalink) Old 09-04-2012, 09:49 PM Thread Starter
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Originally Posted by summithomeinc
I get it. net 30 can be a real bitch.
Yeah net 30 if we're lucky. Average in this industry is probably 45 days. Can make for some pretty high outstanding AR sometimes.
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