A community of 30,000 US Transcriptionist serving Medical Transcription Industry
checks - nobs
Posted: Jun 19, 2010
Do most companies hold back the first check for 1 week? or are they all different?
Just curious.
Most hold the 1st check until the 2nd pay period, - sm
[ In Reply To ..]so if you are on a 2-week pay schedule, or paid on specific dates of the month, it could be 3 to 4 weeks before your first check.
I have never had my paycheck held in 25 years. - me
[ In Reply To ..]With most companies pay periods end the 15th and the last day of the month. I get my paycheck on the 20th following the 15th pay period and on the 9th following the last day of the month pay period. Some companies may hold a check depending on where you are in the pay period.
OP asking about her First check, only. - NM
[ In Reply To ..]NM
Yes I know and I covered that in my post. nm - me
[ In Reply To ..]
The last 3 companies I have worked for end the pay period on the 15th and pay on the 1st. sm - TooOldForThis
[ In Reply To ..]The second period ends the last day of the month and pays on the 15th.
did not think companies could do that - typetypetypeaway
[ In Reply To ..]I used to be employed as an accounting manager 16 years ago before switching careers and I thought that regarding payroll, a company was not allowed to hold back a paycheck especially for 15 or 16 days after the pay period ended. Maybe times have changed since I sat in that office seat. I am presently being paid on a biweekly payroll as an MT. My pay period ends on a Saturday every 2 weeks, I submit my timesheet by that Monday after it ends and receive my paycheck via direct deposit on Thursday, so the most waiting has to do with the company calling in the pay to the payroll company for processing and direct depositing. I don't think I ever waited 15 to 20 days for my pay in any job I had, both in the accounting field or in my present MT field. But now I will do some checking in the IRS law on pay earned and received.
Maybe as an employee that is true (don't know) - sm - ECMT
[ In Reply To ..]but as an IC they can pretty much pay you whenever they want, obviously you agree to terms in advance though. You are sending them a bill they are paying it. Since it is recurring bill though obviously it should be paid on a regular basis. Like others here I am paid the 1st and 16th of each month, and am paid for the previous 2-week period so the 1-15 is paid on the following 1st day of the next month. I am paid the same day I invoice. At other jobs I have billed for the current period and they would pay me 1-2 weeks later generally, all washes out the same basically.
Yes, IC status different pay terms - typetypetypeaway
[ In Reply To ..]I wasn't sure if the original poster was an employee or IC. I don't think she said. I was referring to employee status. I have never been an IC so there could be terms of payment. I read on a CA website, on payroll alone, that a company has 7 days in which to pay employee after submitting time records for the previous 2-week period.
I have worked for some that paid a week after - sm -
[ In Reply To ..]I invoiced them. Where I am now, first check was held a month, so I worked for four weeks before I say a dime, not too big an issue as I was working another IC positon at the same time. So get paid for two week period two weeks from the last day of that pay period. Gives them 2-weeks time to get the money in from the work then pay us. Our checks are never held though even if they have not been paid. Have never had an issue with any of the jobs I have had luckily. Waiting for the first check was a drag but its been worth it as I have been there for over 3 years now.
nanny - nanny
[ In Reply To ..]I started for a company and she held TWO paychecks on me. Didn't get paid first check for over a month! When I questioned her on this, she basically told me she could do anything she wanted.
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