What if the best way to manage your budget well was to receive your salary in installments over the month? The idea seems to appeal to some of the French, according to an OpinionWay study for Rosaly, a start-up specializing in the development of salary deposits. A third would like to be paid at least twice a month. Among those under 35, the proportion rises to 62%.
Overall, 39% would like to be paid every two weeks, 27% once a week and 19% daily. “In the midst of a purchasing power crisis, we might start by paying assets better, not necessarily more. If households received their salaries in two or three instalments, they might better manage their monthly budget and avoid finding themselves overdrawn in the first fortnight, says Arbia Smiti, CEO of Rosaly. Many countries already do this, such as Australia, the United States or the United Kingdom, but not France. »
Paying in installments is expensive
Several obstacles prevent this practice in France. The Labor Code, first. It imposes the monthly payment so that the salary is thus paid “once a month”, always at the same period. On the other hand, the employee can request a deposit, which cannot exceed half of his monthly income. This alternative can make it possible to avoid the overdraft or to take out consumer credit.
On the other hand, for seasonal, temporary, intermittent workers, the employer has the obligation to pay the remuneration “at least twice a month”. “This is why foreign platforms, such as Deliveroo or Uber, pay delivery people and drivers on a weekly or even daily basis, underlines Arbia Smiti. It is motivating, for the individual, to obtain the fruit of his labor almost immediately. »
Beyond the law, the other obstacle that prevents companies from paying in installments lies in the cost that this would represent. It amounts to between 17 and 35 euros, per payslip and per employee, for the only costs related to the software used by the services of the company. “Added to this, of course, are the additional positions in the HR departments to manage everything,” continues Arbia Smiti. If you have to multiply the number of payslips by two, the cost becomes too great. The company does not find its way there… but neither does the employee. »
