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Payroll frequency
Payroll frequency
18% Weekly
9% Fortnightly
9% Four- weekly
82% Monthly
Regarding pay frequency, this year the data was gathered differently. Employers were free to select as many frequencies as they run, as employers can operate multiple payrolls. Unsurprisingly, monthly paid payrolls are the most common with 92% of employers operating this frequency. While weekly paid is low in comparison to monthly paid, it’s still twice as common as fortnightly and four- weekly payroll frequencies. Three respondents indicated they paid employees on all the mentioned frequencies. Only four respondents didn’t operate a monthly payroll, all of which ran a four-weekly payroll instead. 100% of public sector respondents operated a monthly payroll. Perhaps this is due to processes being decided by the overarching body, rather than the individual employer. Only two of these responses indicated other payroll frequencies, but they were always in conjunction with monthly. There doesn’t seem to be any strong move towards shorter pay frequencies, despite cost-of-living pressures. With earned wage access becoming a hot topic, this may be a contributing factor. This will be explored more later in the report.
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