The most popular monthly pay date continues to be the last working day of the month. It’s common for monthly payrolls to pay employees from the first day to the last day of the month. A later pay date can provide greater opportunity to capture and prevent overpayments caused by problems such as late leaver data. This research indicates this is considered when determining which date to pay employees. It is, however, worth noting that the results for individuals paid on the last working day of the month have dropped from 41% in 2020, to 35% in 2021. The 2021 survey reduced the number of monthly pay date options available to respondents. This change made the data easier to interpret and report on. This year’s results showed that less than 6% of respondents paid on an alternative date to those provided.
Monthly payroll pay dates
11
Made with FlippingBook - Online magazine maker