I'm amazed people are hanging on after four months without a paycheck.
If I weren't an actual founder of the company, I think I'd be willing to put up with one missed paycheck. Sometimes shit just happens. But if a second was missed, I'd walk out.
>> Anybody with the financial means to walk away because payroll has been missed is someone with the financial means to ride out a few weeks waiting to be paid.
Everyone should maintain the ability to miss a few paychecks. And everyone should know to start a job search the moment a company misses payroll or even looks like it might.
I receive a two-week paycheck with a one-week delay, plus five business days (a week) for the bank to verify my employer actually has the funds to cover it. So that's four weeks already. I'm not sure where the other 17 days come from, but it's important to note that most people would not quit on the spot if their paycheck doesn't clear; there's too much risk in that. This is how employees end up weeks to months behind on paychecks with employers stringing them along.
The companies we are alluding to aren't giving you that option; they're shoving the risk down your throat by not making it clear, when you receive your last full paycheck, that there may not be a next one.
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