If it hires a new employee at an annual salary of $52,000 the employee will be earning $2,166.67 ($52,000 divided by 24 paydays) during each semimonthly pay period. The employee’s pay records will indicate a gross salary of $2,166.67 each semimonthly payday. Let’s assume that a company pays https://www.bookstime.com/ its employees biweekly on every other …

The Pros and Cons: Biweekly vs Semimonthly Payroll Read More »