It’s up to you.
You can choose whether you want to pay your staff weekly, fortnightly or monthly. You can also choose how you want to make your regular payroll payments - there are a number of options:
Into the employee’s nominated bank account. This can be done through:
- Manual payments to each employee directly through your bank (e.g. internet banking)
- Use a third party payroll solution (e.g. Smartly) to calculate and make the payroll payments automatically
- Some versions of accounting software (e.g. MYOB or Xero) can make payroll payments for you
- Cash payments
Whatever you choose, you will need to make the pay frequency and the day/date of payment clear to your employees upfront; this usually forms part of their employment contract with you.
If you wish to make changes to the way, or the frequency in which you pay an employee, you’ll need to obtain their written consent first.