Start Up Paying Staff

[Johny Walker]

I wish!

 

did a job last tuesday ,for a large firm,came on internet banking as getting paid tmro ,:thumbup::thumbup:

[eggsarascal]

did a job last tuesday ,for a large firm,came on internet banking as getting paid tmro ,:thumbup::thumbup:

 

Don't count Ya chickens!

 

30 days is getting the norm though (again)......then, most are late.

[Johny Walker]

Don't count Ya chickens!

 

30 days is getting the norm though (again)......then, most are late.

 

there good payers

[TimberCutterDartmoor]

A month!!

 

Like any salaried person; a month is very good. How about 90 days; half our turnover is on that period.

[Acg128]

I wish!

 

Likewise

[eggsarascal]

Like any salaried person; a month is very good. How about 90 days; half our turnover is on that period.

 

I've been on ninety days, when I subbed into the local water authority. Never again!

[codlasher]

Wow! I'm quite shocked at how a good number of you posting willingly accept more than a months delay in payments as a small business. Fine if you are a big company employing hundreds...Then you are on a salary and it really doesn't matter either way.

 

I would happily bet that those in charge of the finances stipulating this waiting period do not get to the supermarket check-out and say 'Oops sorry, can I pay in four weeks time for these groceries!' I'd love to hear the reply!!!

 

More fool you really for not stipulating payment on a fortnightly or even weekly basis. If more of the self-employed work-force stood their ground on this matter I believe business would work so much better.

I pay on invoice and often hassle for this invoice as I hate being overdue for paying on anything. I often demand 50% up front too on new business. I also ask if the person I may be about to employ if they'd like this in reverse.

I may have howls on this but I still have a very loyal work force/network of suppliers and even in semi retirement I can get things done quickly and professionally if asked.

codlasher

[codlasher]

As an aside to my above post; A friend who had a specialist sheet metal engineering business once had a long term contract with dear old British Airways making the galleys for certain aircraft. The two years he ran this contract was such a nightmare, with regards to payments from the company and keeping his very skilled work force paid, out weighed the supposed kudos of the contract so he terminated it. What makes me laugh was his story on the reaction of the contracts handler from BA. "But you can't not work for us, we're B A"! (you can interpret the BA bit in any way you like)

Now this was twenty years ago, he never regretted the decision and his company is still going and is being run by his son and grand son.

codlasher

[Andy Collins]

IMO employed staff can be monthly/salaried, not a problem. S/E subbies, well if you want them to come back next week you need to keep them paid, they have no ties to you, other than £££s. For anyone to wait 90days, in this day and age is just a retrograde step, it's up to those after the tender to get this sorted for once and for all, even the government stated a while back that 90day contracts were detrimental to the economy. If no one took on the terms, then the terms would be made more attractive to potential workers.

[Hodge]

Problem is Andy there are no end of firms that will work on those terms so it will never alter. I sent a quote to a local company for some tree work, on my quote the terms are stated, Payment is due upon completion of work. They sent me a work order telling me to go ahead with the work, on the reverse of the work order were there terms and conditions, lo and behold there terms are 30 days! So I'm now waiting for my money. If I didn't except there terms then they would just get someone else.