Overview of the Employment Related Payments Timeline
When your Oyster team members receive their salary at the end of the month, these are a few important dates to keep in mind:
|Cut-off Date: 6th or 10th of the month (see: What are cut-off dates?)||Update any additional payments that you would like to pay your team members (e.g. bonuses, commissions, etc.) by this date|
|around 15th to 20th of the month||This is when we invoice you for your team members. This could take longer in case of unexpected issues.|
|20th to 25th of the month||
If you process the invoice on time, your payment will be received during this time so that we can fund the payroll.
|25th to the 31st of the month||
When the employees are paid
Please note that in some countries Oyster follows a different payroll schedule which will, of course affect the invoicing timeline. Payroll will be locked on the cut-off dates and any revisions will be added to the next month's cycle.