Employers can adapt their payroll calendar to accommodate this since there are fewer pay dates each year. In fact, employers may even choose to pay once per month which can save on payroll taxes, depending on national laws on the subject. 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. In contrast, people who work on a monthly payroll only receive 12 paychecks per year.
For instance, you might choose to pay your employees on the 15th and 30th of every month. A biweekly payday means that it’s harder to get performance feedback since there are fewer opportunities over the year. It’s important that you still get feedback, try to set it up for once per month. This is especially true for employers that pay commissions and bonuses.
Gusto offers complete employee onboarding, with employees able to access Gusto to complete employment forms and direct deposit information. If you offer your employees benefits, you will also have to manage those benefits properly, including ensuring that deductions are processed properly each pay cycle. As always, it’s important to remember that payroll scheduling isn’t one size fits all. You should evaluate biweekly pay for yourself and see if it makes sense for your company’s needs.
This ensures your employees receive their money a few days after they earn it. Let’s say you own a painting company and have a painter who works 40 hours one week and 12 the week after. For instance, let’s say you choose to pay your employees once every two weeks, on Friday.
According to the AP Stylebook, you should always hyphenate two or more words when they modify the same noun. However, some people think that since “bi-” is a prefix rather than a word, there is no reason to keep the hyphen as part of it. Nurture and grow your business with customer relationship management software. Sign up to receive the FREE weekly GrammarBook.com E-Newsletter.
They believe that “bi” and “weekly” can work as independent words, but the hyphen helps to modify their definitions. In The Cambridge Dictionary and The Oxford Dictionary, “biweekly” is the correct variation. It has a definition that states it as a noun and adjective when it is written as one word. You can also use ‘biweekly’ to refer to something that happens two times per week, in which case there are 104 periods each year. For example, if you use the word semiweekly, you can be referring to something that happens every Monday and every Thursday.
Bureau of Labor Statistics, biweekly pay is the most popular payroll cycle in the U.S., with almost 37% of businesses opting to pay their employees biweekly. Biweekly payroll is easier to manage without the need for expensive software systems. Compared to a weekly pay schedule, biweekly payroll systems are likely less expensive to administer, though it will depend on the organization.
If you are taking biweekly classes or have a biweekly meeting, the odds are good that it is happening every other week. A biweekly publication or biweekly magazine is released every other week. Today, we’re covering the two meanings of biweekly, how to distinguish them, and ways to use them correctly.
While semi-monthly pay occurs twice a month, biweekly payment occurs every two weeks (usually on Fridays). Some months can have three Fridays on which you can receive pay. Biweekly pay translates to 26 paychecks per year versus 12 paychecks on a monthly pay schedule.
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. There are 26 biweekly pay periods in a year, whereas there are 24 semimonthly pay periods in a year. A biweekly pay cycle means that your employees are paid every two weeks, always on the same day. Biweekly payroll offers consistent pay days every month, with the added bonus of two extra pay periods.
This makes it much easier to know what the person is talking about. While biweekly can technically and lexically mean two different things, semi-weekly only has one singular meaning. According to the dictionary of the English language, the word biweekly (baɪˈwiːklɪ) is an adjective or adverb that is used to describe an event that occurs twice a week or every two weeks. Anything that happens in that time period can be identified as biweekly. When setting up payroll for the first time, take a bit of time to determine which payroll cycle will work best for your business. For more information on these and other payroll software and services, be sure to check out The Ascent’s Payroll reviews.
So, it is important to know exactly what the term means. Just because it’s possible to change your pay schedule doesn’t mean you should do so. Before you take the plunge, consider payday traditions, state laws and the type of workforce you employ. 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. Every time a word with the prefix bi- in front of it comes up, make sure to look at the usage notes to understand and use the word in the most accurate and precise way. For example, the term bi-monthly is generally used to describe something that happens every two months.
This is a good idea if workers have a habit of always blowing their paychecks far too early. In addition to getting paid 26 paychecks per year, employees will get twice as much money understanding tariffs on every paycheck compared to weekly pay. Weekly pay periods are particularly important to lower-wage employees who may lack a financial safety net for unexpected expenses.
To illustrate this, we located the following definitions of words with the bi or semi prefix after researching both style books and dictionaries. The Ascent is a Motley Fool service that rates and reviews essential products for your everyday money matters. Take a (break/brake) and (pore/pour) over this (cache/cachet/cash) of questions about commonly confused words. There are countless tasks in our lives that we do regularly. Some things — like eating, sleeping, and doing work — are daily necessities for life. Some weekly chores might include getting gas for a car, posting on social media, or doing laundry.