There are some employees who dedicate their physical and mental capabilities to earn a living. They use their energy, talent and resources to receive their base pay and some bonuses for good work. However, there are employees who work only when needed. These people wait for their wages while doing minimal work. No matter what their motivation at work is, getting their salary on time is a must.
Thus, you can just ponder what will happen if the company’s accountants were not able to clear the payroll on time. Even before the pay comes, they have already figured out where they would devote their income. Delaying the pay may take away their motivation for work. A bigger issue ensues when the company forfeits the release of worker salaries for successive months.
If the salary delay occurred once, it could just be caused by numerous computations on bonus pays, leaves with pay and incentives. However, the company might be suffering from a bigger corporate problem if the salary is delayed for a number of paydays. For one thing, the business is having a hard time translating their projects into profit.
It can also mean that fiscal debts are larger than its income. If the delay of the salary goes on, the morale of the employees will decrease and mass resignations are possible. They choose to leave because of the vague direction of the company. Therefore, the company must always monitor their expenditures and try to cut down costs without upsetting the employees though they are raking in money.
Being thrifty is the best strategy to avoid salary delays and mass lay-offs. The company also has the leeway to give more incentives than what is shown on the payroll.
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