When Paychecks Start Coming Late, Step by Step
When Paychecks Start Coming Late, Companies Collapse in Stages When a paycheck is delayed by a day or two, you don’t feel anxious right away. “It’s probably just this month.” “Everyone’s struggling these days.” That’s what you tell yourself. But at some point, you stop counting pay dates and start watching people’s faces. This is a story about the order in which a company collapses once paychecks start coming late. I. Stage One — Senior Employees First In companies of a certain size, restructuring usually begins before pay is delayed. Small businesses are different. Late paychecks happen more often than you might expect. Every company handles it differently, but pay delays often begin with people who hold titles, or those the owner feels are easier to pressure. People still ne...