{"id":179181,"date":"2024-08-02T15:00:13","date_gmt":"2024-08-02T14:00:13","guid":{"rendered":"http:\/\/realbusiness.co.uk\/?p=179181"},"modified":"2024-09-26T09:27:40","modified_gmt":"2024-09-26T08:27:40","slug":"week-in-hand-meaning","status":"publish","type":"post","link":"https:\/\/realbusiness.co.uk\/week-in-hand-meaning","title":{"rendered":"Week In Hand Meaning: How It Works And When Should You Use It"},"content":{"rendered":"
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Working a week in hand is pretty common in the UK, but what exactly does it mean for employees and employers? Essentially, when you work a week in hand, your pay is a week in arrears. You’re paid for your work one week after the period in which you actually completed the work. Where an individual works Monday to Friday, the employee would be paid the Friday after for the work completed Monday-Friday the week before. <\/strong><\/p>\n

It’s straightforward enough for employers who write this into each employment contract and have the same deal with all their employees, but as a small business owner it’s possible you might work differently with different employees – but remember a consistent approach is key as you grow.<\/p>\n

Still, it’s important to understand the ins and outs of working a week in hand as a business owner so you can implement it into your business if it’s something you’re passionate about. Knowing when and how to pay staff, how it works for average week’s pay and statutory sick pay, and ensuring the correct work period is paid at the correct time is important for any business owner thinking of implementing working a week in hand at their business.<\/p>\n

We’ll explore the meaning of a week in hand below and other issues you’ll need to consider.<\/p>\n

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Table of Contents<\/p>\n