Day 7 of Christmas

 

Shall we pay our employees earlier in December? While it may be tempting for employers to give their employees an early pay run before Christmas, this can actually cause more problems than it solves. The larger gap between pay days during January can lead to cash flow issues and stress for employees who have overspent during the festive season. This is why it’s generally advisable for employers to stick to the regular pay run schedule. If an early payment is absolutely necessary, then employers should make sure that their employees are aware of the situation and have enough cash to tide them over until the next pay day. Taking these measures will help to avoid any stressful surprises come January. Our clients gained a great deal applying #profitfirst to their daily business activities, this approach can be also beneficial to individuals to get back on track with their spendings. https://linktr.ee/bikingbookkeeper

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