Differences Between Bi-weekly and Semi-Monthly
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The Differences Between Bi- Weekly & Semi- Monthly Payroll It’s Like Comparing Apples & Oranges
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Not sure about the differences between bi-weekly payroll and semi-monthly? Your decision impacts more that just when employees get paid.
Transcript of Differences Between Bi-weekly and Semi-Monthly
- 1. The Differences Between BiWeekly & SemiMonthly Payroll Its Like Comparing Apples & Oranges
- 2. Agenda Terminology Bi-Weekly Semi-Monthly Considerations Bi-Weekly Semi-Monthly Calculate Your Payroll
- 3. Terminology: Bi-Weekly Payroll vs Semi-Monthly Bi-Weekly Semi-Monthly Occurs Every 2 Weeks Occurs Twice a Month Typically 26 Times Per Year 24 Times per Year Generally 80 Hours Each Pay Period 86.67 Hours Each Pay Period
- 4. Bi-Weekly Payroll Considerations Pluses Predictable for Employees Usually Easier to Run Minuses Doesnt Coincide with Calendar Months Some Months Require 3 Payroll Runs Can Cause Challenges with Monthly Budgets
- 5. Semi-Monthly Payroll Considerations Pluses Less Payroll Processing (24 vs 26) No Extra Payroll Runs in Leap Years Minuses Employees May Like to Be Paid More Often
- 6. Calculate Your Payroll Get Your Free Custom Price Quote Today! Pricing Calculator Easy. Online. SurePayroll.