Have you ever been paid late by an employer? Have your wondered, what can i do when my paycheck is late? If so, today’s post is for you! I recently went through a similar situation and learned a lot about what to do if my employer pays me late.
Receiving A Late Paycheck
Recently I was paid two weeks late. My paycheck that was due for direct deport at the 15th of the month has still not arrived by the 27th.
In my case I told my employer I would be fine with being paid a little late because I know they were having trouble making payroll on time as a small business. sometimes they are paid late by vendors which makes it hard to make payroll on time. I knew they would cut the check from their personal bank account so I told them I was okay waiting. But two weeks later I’m wondering if this was the wrong decision.
Getting a regular paycheck is the reason why most people work in traditional jobs. Even if we love the work, that regular paycheck is the reason why many of us work for an employer rather than for ourselves. The regularity of a paycheck provides security and financial stability to most households.
In fact, without a regular paycheck many families would fall into debt and worse financial situations. Most families can’t cover a basic expense and the majority would have trouble with a $500 expense. Throw in no paycheck for two weeks and you have a financial disaster.
What To Do With Your Employer When You Get Paid Late
After stewing about this for a little while I decided to look into my options and learn what to do when your paycheck is late.
The updated steps below are the steps you should take whenever you are not being paid and need to force your employer to take action and give you your deserved wages.
- Learn your rights. The first step you need to take is do a little research and find out what your rights are concerning late pay. It really differs from state to state because states have different rules and regulations. However, in most cases you have legal rights and can take further action if you are not getting paid.
- Ask your employer. The first action step you need to take is to address this with your employer. You should ask your employer for the wages you are owed and remind your employer that the paycheck was late. It is best to do this in writing, with dates, and keep a copy.
- Report your employer. If your employer does not respond to your requests and does not pay you then it is time to escalate. Depending on your industry you can contact the correct agency and report your employer.
- Sue your employer. Generally a late paycheck is paid sometime after the first few steps. However, sometimes employers decide they don’t want to pay and continue to hold on to your wages. If this happens you can and should take your employer to court. You can recover your lost wages and penalties the employer might have to pay.
While it is unfortunate that some employers feel like they can pay employees late or not at all, it does happen. In my case I was paid later than expected but I was paid, and I talked to my employer and resolved the issue within the company rather than having to escalate to the next level. I do know people that have had to go to court however, so don’t think it can’t happen to you.
What To Do For Yourself When You Get Paid Late
While the responsibility of the employer for you to get paid in a timely manner, there are several things you can do to help prevent this situation from affecting you too much.
Adjust your budget. If you haven’t received your paycheck then you need to immediately adjust your budget. Prioritize the needs to get paid first from the money you do have and then let the wants wait until the paycheck does come in.
Create an emergency fund. Having savings is not common these days but it will save you from much stress and many problems if you get paid late. Start creating your emergency fund now so that you will be ready for times when income doesn’t come in on time.
Find new income streams. Relying on your paycheck as your sole source of income can lead to major stress when there is a hiccup with that paycheck. Try finding new sources of income like driving for Uber or starting a blog. That new income will help you get through to the next paycheck and can ease in problems you have with future regular paychecks.
Relax. It is very stressful to not receive your paycheck on time but ultimately, it is just money. Stress causes much more harm to your body so try to take time to relax with calming activities.
Have you ever been paid late by an employer? What did you do?