There are personnel who give it all they've got to get a decent wage. They use every part of their energy and talent to get paid on time and possibly get performance bonuses for a wonderful job. Meanwhile, there are employees who slack off and pass job assignments behind schedule. These people perform minimal responsibilities and wait for payday to get their salary. Despite the discrepancies of both employees, getting their pay on time is very important.
Therefore, you can just imagine what will happen if the company's accountants were not able to clear the payroll on time. Even before the salary comes, they have already figured out where they would channel their income. A delay on the clearing of their salary can cause them to slow down for their work is not being gratified. Workers will be more unmotivated if their salary has been delayed for months.
If the salary delay happens once, it could just be caused by overwhelming computations on bonus pays, leaves with pay and incentives. But if the salary is delayed for months, the company might be experiencing a very serious issue. For one thing, the company is having a hard time translating their projects into profit.
This can also mean that the losses that the company incurred are greater than what it earned. If the delay of the payroll goes on, the morale of the employees will decrease and mass resignations are possible. This may happen for they feel that the business is like a sinking ship that is heading nowhere but down. Also, the company must refrain from over-spending even if their profit is increasing.
Using money only on what is needed reduces the danger of releasing their salary late. This also gives the company the position to hand out more bonuses to its employees.
Therefore, you can just imagine what will happen if the company's accountants were not able to clear the payroll on time. Even before the salary comes, they have already figured out where they would channel their income. A delay on the clearing of their salary can cause them to slow down for their work is not being gratified. Workers will be more unmotivated if their salary has been delayed for months.
If the salary delay happens once, it could just be caused by overwhelming computations on bonus pays, leaves with pay and incentives. But if the salary is delayed for months, the company might be experiencing a very serious issue. For one thing, the company is having a hard time translating their projects into profit.
This can also mean that the losses that the company incurred are greater than what it earned. If the delay of the payroll goes on, the morale of the employees will decrease and mass resignations are possible. This may happen for they feel that the business is like a sinking ship that is heading nowhere but down. Also, the company must refrain from over-spending even if their profit is increasing.
Using money only on what is needed reduces the danger of releasing their salary late. This also gives the company the position to hand out more bonuses to its employees.
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