How many payment cycles in a year does a person earn who is getting a weekly wage?
Have you ever thought of it? Please read below points.
Why Telecommunication companies, like Vodafone, Airtel, Reliance Jio have adopted this same concept in their 28 days recharge?
Weekly payment cycles in a year are for 52 weeks.
Making of 4 weeks in a month is adequate to make 13 months in a year. i.e. 52weeks / 4weeks.
It means there are 13 monthly payment cycles for a person who receives a weekly wage.
Because of this the reason only, the weekly payment cycle is not followed.
Normal people work on a monthly payment cycle & get 12 payment cycles during the year when compared to weekly wage earners. That is why these employees deserve a month’s salary as a bonus to match with 13 payment cycles.
A weekly wage earner gets a hidden Bonus in his payment, as compared to a monthly salary earner.
