This is (regrettably) common at poorly capitalized companies, as employees are the biggest expense and as making payroll on time every single time requires discipline. You have to make payroll, on time, every time. That is the only expense for which this is true.https://twitter.com/Austen/status/1085553659738378241 …
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What risk mitigation (beyond personal savings) can an employee really take though? Insurance?
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Savings, adequate untapped credit, immediately reducing exposure to a firm if they show signs of credit risk, etc. All the things that businesses would do to manage credit/counterparty/liquidity risk.
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Realistically, if you can't trust your employer for payday you can't trust them for _anything_. I've seen smaller employers go to extraordinary lengths to make payroll on time.
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I'm starting to suspect that this is a subtle subtweet of US federal politics
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... and paying your invoices on-time is seen as optional / negotiable to your customers, so paying payroll on time can sometimes be out of your hands as a bootstrapped entrepreneur. We have to charge more just to ensure we always have enough margin to cover late payments.
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