Re:Patagonia founder gives away the company
by clcaev on Thursday September 15, 2022 @11:24AM
(#32853476)
> Where's the 45 days coming from?
First, many employers pay bi-weekly, but deposit is delayed one cycle. You work, then at 2 week mark timesheets are submitted & approved, and then following week the auto payment happens.
Second, there is vacation time, which can be as much as 4-6 weeks accrued but not paid out. The average employee probably carries at least a week or three.
I hope this explains. Even though paychecks may be first in line, there is significant amount of the company's risk borne by employees.
First, many employers pay bi-weekly, but deposit is delayed one cycle. You work, then at 2 week mark timesheets are submitted & approved, and then following week the auto payment happens.
Second, there is vacation time, which can be as much as 4-6 weeks accrued but not paid out. The average employee probably carries at least a week or three.
I hope this explains. Even though paychecks may be first in line, there is significant amount of the company's risk borne by employees.