semimonthly or monthly. State law usually dictates the time frame that employees must be paid by; an employer can pay more frequently but not less. Some employers pay employees on a biweekly and/or semimonthly basis. Some key differences exist between the two. ...
For example, most people get paid bi-weekly (that is, 26 paychecks a year) but my company pays me semi-monthly (24 paychecks a year). One isn’t better than the other, but I’m VERY aware of the difference. Personally I prefer semi-monthly paychecks; bills, rent, etc are all month...
Semi-monthly employees are paid twice a month, usually on the 15th and the last day of the month. Unlike a bi-weekly payroll, which has 26 payments in a year, a semi-monthly pay schedule has only 24 pay periods. This affects the size of employees' paychecks. It can also factor into...
A semi-monthly payroll happens twice per month, usually around the middle and last day of the month. This can result in inconsistencies between paychecks, especially for those who work irregular hours, including overtime. In some cases, this can result in hourly employees being compensated for a...