Quote:
Originally Posted by Matticus91
Looking for input on something I haven't dealt with in the past. I work in IT and just got a new job in IT security, they follow a Net 30 pay schedule since they're a client-based company, which basically means you get payed on the last biz day for the previous month's work.
Ex: You work through January, you get paid on February 28th.
So I started this month (Jan) and will get my first paycheck on the 28th of February. After my eventual departure I'll get that "first" paycheck a month later.
I'm used to bi-weekly from every other job I've had so this is a massive change for me, I'm essentially going without any pay for the first month. Anyone ever dealt with this and have any budgeting tips/advice?
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Are you a contractor or full time employee?
You are in DC so this company may be in violation of some minimum pay period regulations.
https://www.dol.gov/whd/state/payday.htm
The company's ability to collect on the work you have done should not impact the payment you are owed for your work. Sounds like a shitty company. I can see this being applicable for commissions on sales but not IT work.