Salaries will be paid later this month, but few employees know it

2024-03-21 18:16:24

Thousands of employees are expected to find themselves with a small cash flow gap in the days to come.

This is bad news that awaits many employees at the end of March. However, very few know it. The salaries of thousands of workers will arrive in bank accounts later than usual. It is mainly employees of private companies who should be impacted, but civil servants may also not escape this payment gap.

There is no legal obligation governing the date of payment of salary. The rules of the Labor Code simply indicate that payment must always take place at the same time. Thus, companies make their payroll around the 30th of the month, while others wait until the start of the following month. But in March, there will be a delay.

Employees who are used to receiving their salary between the 29th of the month and the 1st of the following month will have to wait. For them, their remuneration should not arrive until the beginning of next month. No need to go furious with your company’s accountant or human resources, it’s not their fault.

The reason comes solely from the banking system, common to all countries with the Euro, allowing transfers to be made. It will be closed from Thursday March 28 at 4:30 p.m. and will only reopen on Tuesday April 2 due to Easter (Good Friday and Easter Monday). All operations carried out during this period will only be taken into account from April 2.

So, if your employer only makes salary payments on Friday the 29th, this will not happen until the following week. One possible exception, however: if your bank account is linked to the same bank as your company, you could receive your salary before April 2.

A priori, only a portion of private sector workers are affected by this discrepancy. Indeed, for civil servants, pay should arrive on time, as usual. The payment schedule provides for the salary to be paid on Wednesday March 27. While this may not be the exact date the money will arrive in your account, it will be credited before the weekend. Enough to replenish the coffers for Easter, while others will have to wait until the bells have passed. Unless your boss has anticipated this…