Office workers ‘like to be paid on a Friday’
The vast majority of office workers prefer to get paid on a Friday, a new survey has revealed.
Research conducted by the Chartered Institute of Payroll Professionals (CIPP) found that 77.3 per cent of employees like receiving their monthly pay packet just before the weekend.
The organisation noted that this preference has remained largely unchanged since the survey was first carried out in 2008.
Karen Thomson, associate director of policy, research, and strategic visibility at the CIPP, said that Friday seems to be “the logical day” for people to get paid.
“One of the main reasons why we think this is the case is because the majority of employees have contracts stating that their working week is Monday to Friday,” she stated.
Ms Thomson said a Friday payroll gives firms sufficient time to process the previous week’s hours as well as to submit the correct Bacs files.
This helps to ensure people – particularly those who receive earnings every week or on a fortnightly basis – are paid for hours completed as quickly as possible.
“For employees, it also makes sense that they would prefer Fridays to get paid because it gives them the opportunity to enjoy the financial rewards of all their hard work over the weekend,” she stated.
If employers are practically able to pay workers on a Friday, it may be worth their while ensuring this is the case.
Businesses and even employees themselves may consider the date of payment a relatively minor issue, but anything that helps to improve employee morale could be worth considering.