didds wrote:mc2fool wrote:The company I worked for during the Callaghan government's 5% pay rise limit moved pay day backwards from the 25th of the month to the 6th, so changing from mostly in arrears to mostly in advance, and it stayed that way for at least until I left (and may well still be so).
surely that only "works" for the first month? after the first payment on the 6th, it's still a monthly payment - so it just moves the arrears payment date to the 6th of the month instead?
No, salaries for the whole of the month were changed to be paid on the 6th of that month, rather than the 25th.
So your salary for, say, March was paid on the 6th of March, so 5 days in arrears and 25 days in advance, rather than 24 days in arrears and 6 days in advance previously.
Bringing pay day forward was a way of boosting employees' bank accounts a bit, while staying within the 5%pa pay rise limit. (At the cost of a "lean" period of the same length when you finally left the company of course....)