I work for a family run business with 230 employees. Senior management have requested that we look at the transition from weekly to monthly pay.
At the moment the majoirty of employees are hourly paid and we have a few salaried employees. We also work a shift pattern for employees in our factories, therefore it was agreed to change the pay structure to the last Friday of a month with the cut-off being the Saturday before.
Has anyone else being involved with a project like this that would be able to offer me some guidance/templates on:
- A sound business justification for this move
- Plan with timeframe if we were to go ahead with the transition
- FAQ's that employees may come up with
Any help would be greatly appreciated.