Bi-Weekly VS Semi-Monthly Payroll. Complicated?
Every decision counts…..and when it comes to running a business there are tons! An important payroll question is when and how to pay employees. Commonly employers will pay bi-weekly, meaning every two weeks or semi-monthly, which is different – employees are paid on predetermined dates two times every month. Let’s take a look at the differences. When employees are paid on a bi-weekly system they receive 26 paychecks per year. On a semi-monthly system they receive 24; however, bi-weekly checks are smaller than semi-monthly checks, as they are a smaller portion of the annual income of the employee. Waiting time [...]