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
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