One of our readers mentioned this in his comments that Pakistani companies should start paying on hourly bases. Here is my take why this model probably is not suitable for our environment.
I think how our society works is tightly coupled with how our salaries are delivered to us. For us the measure of a good salary is how much you save at the end of each month, this is one of the main reasons that people go abroad in hordes live on tight budgets to save the maximum. So a lot of times questions posed to the professionals by friends and families is not how much you have earned but how much you have saved.
I think the monthly wages system assists us in saving more easily, more over whole of our system like utility bills, rents, car lease are designed around the monthly wages system, so you pay rent once in a month same for utility bills. in western countries this is some times bi-monthly and even on weekly basis.
Similarly the responsibilities an average Pakistani support is more than what an average America support, you have to take care of your parents, provide education to your children till university level, marry of your daughters sisters, and what not. so for a Pakistani professional these responsibilities are the major mile stones in his life, more often than not his career revolves around these, so you often here “once i marry off my sister i will do my Masters”
Similarly our goals in life our different we would like to have our own house at the end of our career have a fixed amount of income coming from either fixed deposits shares or property on rent. So for all these goals the monthly wages system works more for us.
What do you think?