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McDonald's & others are trying to appeal to millennial employees by offering daily paychecks
San Francisco Chronicle ^ | Saturday, October 21, 2017 | Chris Weller

Posted on 10/26/2017 9:23:54 PM PDT by nickcarraway

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To: nickcarraway

More flexibility? Hogwash. They know the lower wage people are constantly broke, so they figured if they kick them a few bucks each day they might come back...Sad.


21 posted on 10/26/2017 10:17:48 PM PDT by dragnet2 (Diversion and evasion are tools of deceit)
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To: nickcarraway

Sounds more like they are trying to appeal to drug addicts.


22 posted on 10/26/2017 10:18:15 PM PDT by riri
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To: Blue House Sue

I can see some big disadvantages from the employer’s point of view. Depending on what type of business they are in, they may need to collect their accounts receivable in order to have money in the bank to pay their employees.

Another issue is payroll taxes that need to be paid to the government. For businesses above a certain size those payroll taxes need to be paid every payday. If payday becomes everyday, the business would also have to pay the payroll taxes every single business day. This could add a lot of back office cost to the business to process payroll.


23 posted on 10/26/2017 10:28:27 PM PDT by Dilbert San Diego
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To: Dilbert San Diego

It is not as if it is 1967 and Marge in the Accounting Department is hand wring your paycheck and entering the payment and associated payments into the green accounting binder.

It’s all rather seamless and even systems like SquareUp can take payment and deposit that money into the seller’s account on the same day.

The question we should be asking is ‘Why do employees extend two weeks of zero percent credit to their employers?’


24 posted on 10/26/2017 10:40:11 PM PDT by Blue House Sue
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To: riri

Not drug addicts, just people that do not wish to extend a credit line to their employers.

I think within a few years, many if not most, major employers will offer the same option to their employees.


25 posted on 10/26/2017 10:43:55 PM PDT by Blue House Sue
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To: Blue House Sue

Interesting points.

Regarding extending an interest-free loan to your employer for two weeks, if any employees requested to be paid every day I’m sure most employers would refuse because they aren’t set up to process payroll in that manner.

Realistically how many of us would quit a job because we can’t get a paycheck every single day? I know I wouldn’t. I know that being a high-income professional that it just doesn’t make a difference to me to get paid every day. Maybe to some people it does.


26 posted on 10/26/2017 10:46:04 PM PDT by Dilbert San Diego
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To: Blue House Sue

Good old Marge. How is Marge? :-)


27 posted on 10/26/2017 10:46:18 PM PDT by lowbridge
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To: bigbob

dumb them down anyway you can...fits the plan!


28 posted on 10/26/2017 10:49:27 PM PDT by ldish (Have had enough...you??????)
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To: Dilbert San Diego

If the technology exists and it is cost effective, it could work as an employment incentive.

I think it will catch on and more employers will move to such a system.


29 posted on 10/26/2017 10:49:58 PM PDT by Blue House Sue
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To: lowbridge

“Good old Marge. How is Marge?”

Dead


30 posted on 10/26/2017 10:53:18 PM PDT by Stormdog (A rifle transforms one from subject to Citizen)
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To: EnglishOnly

The cost of eating out is more than ridiculous as is the price of food in the grocery store. . . and I might add “dog food” is higher in price than “people food”.


31 posted on 10/26/2017 11:14:56 PM PDT by Maudeen (This world is not my home.)
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To: riri

Sounds more like they are trying to appeal to drug addicts.


Maybe appealing to illegals who might have to leave in a hurry.


32 posted on 10/26/2017 11:16:55 PM PDT by Maudeen (This world is not my home.)
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Give it to them for a short while then take it away... and watch the spoiled ingrates implode.


33 posted on 10/26/2017 11:18:59 PM PDT by Gene Eric (Don't be a statist!)
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To: Blue Jays
Hamburgers wiped on armpits and drinks with extra saliva are wonderful, too.

I'm guessing standards of behavior are different where you live.

34 posted on 10/26/2017 11:21:53 PM PDT by Jeff Chandler (They hate Trump because he had the audacity to be elected president without their permission.)
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To: Maudeen
The cost of eating out is more than ridiculous as is the price of food in the grocery store

Fry's (Kroger) and Walmart have great prices.

35 posted on 10/26/2017 11:32:13 PM PDT by Jeff Chandler (They hate Trump because he had the audacity to be elected president without their permission.)
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To: Stormdog

Poor Marge.


36 posted on 10/26/2017 11:40:15 PM PDT by lowbridge
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To: Jeff Chandler

I forgot to mention that in case anyone hasn’t noticed the price of dog and cat food has really skyrocketed.


37 posted on 10/26/2017 11:40:38 PM PDT by Maudeen (This world is not my home.)
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To: Maudeen
the price of dog and cat food has really skyrocketed.

Not to mention the price of dogs and cats.

38 posted on 10/26/2017 11:49:38 PM PDT by Jeff Chandler (They hate Trump because he had the audacity to be elected president without their permission.)
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To: Berlin_Freeper

‘In Germany people get paid monthly. ...”
****************************
Believe me, most Germans are better at managing/budgeting their money than American millennials. Paying workers daily will make them even less capable of managing their income to pay the larger recurring bills. McDonalds will be doing their less disciplined workers no favors with this change.


39 posted on 10/27/2017 1:34:56 AM PDT by House Atreides (BOYCOTT the NFL, its products and players 100% - PERMANENTLY.)
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To: Maudeen

I know...I’ve had to go back to buying human food to feed grandma. :-)


40 posted on 10/27/2017 1:38:28 AM PDT by House Atreides (BOYCOTT the NFL, its products and players 100% - PERMANENTLY.)
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