I dug into this and was surprised to learn that salaries are paid every fortnight in USA.
I wonder why. Does anybody know if this is the case even in FAANG companies?
Where I'm from it's paid monthly. I think I prefer that.
Now, this CA law actually does not apply to most tech-employees (which will be consider "exempt employees" - which also means that they do not have to be paid overtime). But in my experiences, employers don't want to run separate payment processes for exempt/non-exempt employees - so everyone gets paid twice a month.
I get that employers are following rules. But I wonder why there is such a rule in place.
If I were to get my income every day, that would be very boring. On the other hand if I were to get my income once in 6 months, that would be horrifying.
But 1 month seems to be a sweet spot. Double the amount half as often.
Other utility bills come in monthly in my country (which is in Asia by the way), so that's a factor as well.
But yeah, I can now kind of see the appeal of getting paid every 2 weeks.