Before joining the BPO industry, I receive my salary trough semi-monthly (15,30/31) payment, which appears to be a standard in the country.
When I started working for a call center company that offers a bi-weekly pay schedule (every other Friday), I was surprised that there were a lot benefits for this type of payroll.
Let me share the pros and cons of receiving Bi-Weekly salary. Pros and Cons of Bi-Weekly Salary
Pros:
1. You will be paid 26 times a year compared to 24 times on semi-monthly payment.
2. It’s easy to manage your money since you wouldn’t have to wait for a specific date (15, 30) to receive your salary.
3. You can receive 3 paychecks in a month (May, October) as seen from the bi-weekly pay calendar below.
Cons:
1. Smaller amount of paycheck since the hours worked is fixed at 80 compared to semi-monthly payment which is greater than 80 work hours.
Here’s the List of BPO Companies with Bi-Weekly Pay Period (Every other Friday).
Convergys
Dell
EGS
Harte-Hanks
Ingram Micro
KGB
Startek
Stefanini
Transcom
VXI
West
Xerox
Would you prefer a bi-weekly pay period over the normal 15/30,31 pay scheme?
The list above were gathered trough Facebook comments so some errors may occurs in case there's a correction please let us know via the comments section so that we can remove or add other companies.
When I started working for a call center company that offers a bi-weekly pay schedule (every other Friday), I was surprised that there were a lot benefits for this type of payroll.
Let me share the pros and cons of receiving Bi-Weekly salary. Pros and Cons of Bi-Weekly Salary
Pros:
1. You will be paid 26 times a year compared to 24 times on semi-monthly payment.
2. It’s easy to manage your money since you wouldn’t have to wait for a specific date (15, 30) to receive your salary.
3. You can receive 3 paychecks in a month (May, October) as seen from the bi-weekly pay calendar below.
Cons:
1. Smaller amount of paycheck since the hours worked is fixed at 80 compared to semi-monthly payment which is greater than 80 work hours.
Here’s the List of BPO Companies with Bi-Weekly Pay Period (Every other Friday).
Convergys
Dell
EGS
Harte-Hanks
KGB
Startek
Stefanini
Transcom
VXI
West
Xerox
Would you prefer a bi-weekly pay period over the normal 15/30,31 pay scheme?
The list above were gathered trough Facebook comments so some errors may occurs in case there's a correction please let us know via the comments section so that we can remove or add other companies.
does it mean you will have a deduction thrice in 1 month?
ReplyDeleteYes. Biweekly is more reasonable. At least they won't have a reason for not paying the excess days you worked since they always say "Your salary is based on your monthly even if the working days are just 20 - 22 days per month. lol funny
ReplyDelete