why are Royal Mail postmen still paid weekly?

Question

(as a union rep told us on the radio this morning)

nearly everybody's costs are monthly not weekly - mortgage, rent, car loan, credit card repayments, so it would be easier for the employees to budget

the cost to Royal Mail of making a payment is around a pound ,(including processing cost, money transfer, answering queries) Changing to monthly or 4-weekly pay would save them around 140,000 people x 3 payments, getting on for half a million pounds a year.

Answer 1

I don't work for Royal Mail but I am paid weekly and so is my husband.
Although most bills are monthly as you quite rightly point out it is much easier for us to budget week to week. If we have two or three bills to pay one week then we know we only have to survive for 7 days before we get paid again. I know tonnes of people who get paid monthly and have spent all their money by the second week.
My husband was paid monthly until last year when he changed jobs and we are so much better off with weekly pay.

Answer 2

It would also save them the interest on that money, as they'd get to hold it a bit longer before paying their employees.

On the other hand, monthly paychecks give Royal Mail a chance to lose their employees' pay all in one go for the month, rather than a week at a time. Dodgy folks work there, eh?

Answer 3

I have been given him beat! I paintings for God! i'm the janitor at a church. No better boss interior the universe. And a minimum of with Him, i understand better than to get in a controversy with Him and say "Oh yeah? nicely you should no longer do from now on appropriate!"

Answer 4

personally i love being paid weekly. wouldn't help me a bit to be paid monthly. bi-weekly is ok. you have to budget no matter what. it's just different schedules.