In today's society, there is a trend that has a lot of potential to emerge, and that is the daily pay.
After working hard all day to complete the various tasks assigned to you by the boss, and then immediately getting the day's pay, this kind of immediate reward undoubtedly makes all the "workers" satisfied.
From a worker's point of view, this pay structure gives them immediate financial support and allows them to manage their lives more comfortably, which is undoubtedly the best option.
But for the boss of the enterprise, the daily salary may be a disguised "torture and pain".
An employee's salary may not be too high, but hundreds of wages add up to "hundreds of straws that break the camel's back".
This undoubtedly increases their workload and time cost, and it is a huge challenge to ensure the accuracy and timeliness of daily payments.
Therefore, when this trend of daily wages gradually becomes a trend, bosses may feel deep anxiety.
What is the charm of daily wages that makes employees and bosses struggle with it? Let's take a closer look.
1. The origin of daily wages
Worldwide, the origins of daily wages can be traced back to the Industrial Revolution, when factories and businesses began mass production and needed a large number of laborers to support production demand.
Against this background, a wage system called "piecework" emerged, in which wages were paid according to the amount of work done.
Over time, this system of paying for tasks completed evolved into a daily wage system, in which wages were paid immediately at the end of each day, and workers were paid accordingly when they completed their work that day.
This pay structure was widely used in the industrial society at that time, especially in some industries that required a large number of labor, such as textiles, mining, construction, etc.
In China, the emergence of the daily wage system can be traced back to the reform and opening up, especially in the late 80s and early 90s of the last century, when China's economy began to develop rapidly.
During this period, with the gradual establishment and development of the market economy, many traditional enterprises and industries began to face the pressure of reform and transformation, including the reform of the wage system.
With the advancement of reform, some enterprises have begun to try to introduce a daily wage system to motivate employees to work and improve production efficiency.
Especially in some labor-intensive industries and enterprises, such as manufacturing, construction, and service industries, daily wages have become a common salary structure.
In these industries, daily wages are a better motivation for employees.
Because they can immediately see the fruits of their labor and make more money the more they work.
This instant return is very attractive to some employees who need instant financial satisfaction.
With the change of the times, the daily wage system has gradually been widely used in China and has become a common salary payment method.
Especially in some temporary jobs and short-term projects, daily wages have become the mainstream payment method.
For example, in industries such as construction sites, catering services, and express delivery, the daily wage system is very common.
Because the nature of work in these industries dictates the need for immediate paychecks.
With the continuous development of China's economy and the improvement of the market economy system, some enterprises in China have begun to widely use the daily wage system, which has become an important way to pay salaries.
It satisfies the immediate economic needs of employees, and also promotes the productivity and competitiveness of enterprises.
2. What is the charm of daily wages?
Why is daily pay irresistibly attractive to employees?
This compensation structure is highly sought after because of the direct, immediate financial support it brings.
Receiving immediate remuneration at the end of the day gives workers a great deal of flexibility.
They can feel more comfortable planning their expenses for unexpected expenses or emergencies.
Compared with the traditional salary structure of waiting for two weeks or a month to receive a salary, the daily salary is obviously more in line with the rhythm of modern life and the needs of money management.
Daily wages also give workers a great deal of confidence and satisfaction.
When you work hard all day, complete an important task assigned by the company, and then get paid that day, this instant reward will make you feel satisfied and proud.
This timely recognition and reward will not only enhance the motivation and commitment of the workers, but also gradually develop their loyalty and sense of belonging to the work.
For those who are in dire need of money, daily paychecks are a lifesaver, and they may be facing urgent living expenses or other unexpected expenses.
If you can get paid immediately, it is undoubtedly a perfect solution, so we can see that most of the "wage earners" prefer to choose daily wage opportunities.
The salary structure of daily salary not only meets the needs of modern people's money management, but also motivates workers to devote themselves to a more efficient work state.
3. The "pain" of the boss
However, despite the many advantages of this compensation structure for employees, for some bosses, the daily pay may well be the "straw that breaks the camel's back".
Compared with the traditional monthly or weekly payment, the daily salary requires the boss to settle and pay the salary every day.
This undoubtedly increases their workload and time costs, which is quite unfriendly to large enterprises that manage hundreds or thousands of people.
This is because managing payroll payments not only takes a lot of time, but also requires accuracy and timeliness to avoid employee dissatisfaction and disputes.
Bosses need to constantly monitor the quality of their employees' work during working hours to ensure that they are being paid a reasonable salary.
This requires employers to invest more manpower and resources in time logging, job evaluation, and communication with employees.
As teams that manage daily payroll need to collaborate and communicate more efficiently to ensure accurate and fair payroll, this puts additional administrative pressure on employers.
Daily payroll results in a large amount of cash flow every day, and bosses need to pay large amounts of cash frequently to meet the daily salary needs of employees.
This can have a certain impact on the cash flow of the business, especially for small businesses or start-ups, which can be more constrained.
This salary structure is likely to lead to financial instability, which in turn affects the normal operation of the business, and even leads to difficulties in cash flow.
Therefore, bosses usually need to carefully assess the impact of daily wages on the company's finances and take corresponding measures to ensure the sound development of the enterprise.
Another point is also an important factor that prevents some bosses from psychologically crossing the "hurdle" of daily wages.
That is, if an employee has psychological problems at work, or wants to quit his job, his motivation will become negative.
And when he develops an indifferent attitude towards his work, his productivity decreases.
Employees believe that yesterday's money is in their pockets, and now they earn as much as they want, but doing so is very detrimental to the company's long-term development.
For them, how to effectively cope with the trend of daily wages has become an important management topic.
Fourth, solutions that can be considered
Although daily wages may bring a lot of "pain" and inconvenience to the boss, it may not be without solutions.
In today's rapidly changing times, bosses can reduce the time and cost of paying wages by optimizing the financial management process, such as introducing an automated payroll system is a good choice.
This kind of system can help the boss to handle the payment of wages more efficiently, reducing the labor input and time cost.
It can realize the automatic calculation, payment and recording of wages, reduce the occurrence of human error, improve work efficiency, and ensure the accuracy and timeliness of wages.
Bosses can also establish a good communication mechanism with workers to ensure accurate records of working hours and quality, which will reduce the difficulty of management and supervision.
By communicating with employees, bosses can better understand the work situation and needs of employees, identify and solve problems in a timely manner, thereby improving work efficiency and employee satisfaction.
If the company is really unable to follow the path of daily salary in the initial stage of the enterprise, then the boss can only explore other salary structures, such as weekly or monthly salary settlement.
While daily payroll can meet employees' immediate funding needs, settling wages on a weekly or monthly basis may be more in line with the company's operating interests.
Through this structure, the boss can better plan and manage the cash flow of the business, reduce financial instability, and balance the needs of employees with the operating efficiency of the business.
Bosses can alleviate these difficulties, achieve work-life balance, and promote sustainable business development.
epilogue
In this fast-paced era, the daily payroll seems to have become the new favorite of the times, attracting a large wave of workers.
But some bosses may feel that they are being dizzy by this "trend" because it really increases management costs and financial risks.
To deal with this "pain", it is necessary to rely on the bosses to make careful calculations and have a good relationship with the employees.
Don't be too pessimistic, though! Optimize processes, strengthen collaboration, and get creative, and maybe you can get rid of this "pain" and find the perfect work-life balance.
References:
Sister Li's short video0D2T 2024.04.15 "Why is it said that once the daily salary settlement becomes a trend, the boss is the most "painful"? 》
Oriental Dragon and Wild Tiger 2024.05.09 "Don't take the daily wage settlement as a panacea to solve the conflict between labor and management, take measures according to the situation"