It is a much simpler way to comprehend the company’s payment system. Use different colours on the calendar to mark payroll start and end date, yearly paydays and due dates. However, in February, you roll out two paychecks to your employees. From this breakdown, it is evident that the biweekly payroll frequency promises a paycheck every other week, the day and date of the month are insignificant. By changing their payroll calendar, employers can increase their profits and save on payroll taxes. On the other hand, biweekly pay gives employees extra money to save and spend.

• In contrast, people who work on a monthly payroll only receive 12 paychecks per year.
• Today, we’re covering the two meanings of biweekly, how to distinguish them, and ways to use them correctly.
• In cases of emergency, this means that they can move more quickly to resolve their financial issues.
• As always, it’s important to remember that payroll scheduling isn’t one size fits all.
• Therefore, in the calendar (of January and February depicted above ), it can be seen that employees receive paychecks on the 3rd, 17th, 31st, 7th and 21st.
• The Biweekly pay schedule typically ends up being about twice a month interval, which translates to 26 paychecks per year.

If you want to learn more about using the English language properly, feel free to check out The Word Counter blog! We’re constantly putting up new content that can help you to understand not only what words you’re saying but why you’re saying them and where they come from! Our goal is to provide people with an invaluable resource and wealth of knowledge for speaking in the most educated way possible in the world today. There are also many similar words to biweekly, like biennial for intervals happening every two years or bi-hourly for breaks happening every second hour.

A biweekly pay schedule is when you pay your employees every two weeks, or 26 pay periods per year. Most employers who follow this payroll calendar distribute paychecks every other Friday. This is the most commonly used option because it can keep most workers happy without an excessive amount of admin work. In a semimonthly pay period, you pay your workforce twice every month on a dedicated date. For example, you may decide to roll out paychecks semi-monthly on the 15th and the 30th.

How Many Biweekly Pay Periods In 2021?

As much as it may initially seem like choosing a payroll calendar is no big deal, the reality is that it can have a major impact on your workers and business. Before you decide how often to pay your employees, consider all your options and compare their benefits and drawbacks. If you deduct benefits from your workers’ paychecks, a bimonthly schedule is a smart choice. Since many types of benefits, including health insurance benefits, come with premiums that are charged every month, a bimonthly schedule will make processing them easier. If the majority of your employees are paid hourly, it might be best to opt for biweekly.

• Some people get stumped as to whether it’s one or two words.
• In a semimonthly pay period, you pay your workforce twice every month on a dedicated date.
• Biweekly pay translates to 26 paychecks per year versus 12 paychecks on a monthly pay schedule.
• Make your proof of income pay stubs quickly and easily with our state of the art pay stub generator.
• A weekly pay schedule requires 52 paychecks, where as a biweekly pay schedule requires 26 paychecks.
• Following the biweekly payment plan, you pay thrice in the month of January every other Friday.

This is found by taking the total number of weeks per year, 52, and dividing it by 2. The word biweekly may sometimes have a dash between the prefix bi and the rest of the word. Whether someone is describing a bi-weekly paycheck or biweekly payment plans, it’s essential to know that both are accepted forms of the word. Semimonthly means employees receive 24 paychecks per year, instead of 26. This means that paychecks will be issued once every two weeks, usually on the same day.

Example Sentences Using the Word Biweekly

The employee will see that their biweekly pay has been calculated as a normal paycheck. However, since their paycheck is actually half of their monthly salary, the employee will simply receive this total 26 times over the course of the year. Otherwise, you’ll need to calculate your tax bracket and determine how much you need to pay, then divide that by 26, since there are 26 biweekly pay periods each year. Use our biweekly pay calculator to calculate your income each pay period given an hourly, daily, weekly, semi-monthly, monthly, quarterly, or annual wage.

Wordplay

If you like to capitalize every other word in your title, then it’s wise to capitalize both parts of the hyphen too. Add biweekly to one of your lists below, or create a new one. Start by finding out how much money is withheld from your check for things like company health insurance or retirement plans.

Talent Acquisition Strategies to Find the Best Employees

It also builds to employee happiness and is, therefore, the most common payment system of choice by private businesses in the U.S. The name “biweekly” evokes the image of a person working every two weeks. Biweekly pay has been commonly used for paying teachers’ salaries since it equates to a 26 pay checks per year.

Adjustments to Employee Behavior:

For instance, let’s say you choose to pay your employees once every two weeks, on Friday. Since some months are longer than others, payday might happen three times instead of two. The specific months will depend on your payroll schedule.

What Does “Biweekly” Mean? Definition and Examples

Employees who only work every other week might find that their hours are not worth as much as those who work weekly. If this is the case, you rejection letter for grant request​ need to re-adjust the employee’s pay. Make your proof of income pay stubs quickly and easily with our state of the art pay stub generator.