Semimonthly Payroll Meaning Payment Period Frequency
What is Semimonthly Payroll? These firms record, evaluate and transfer employee paycheck 24 times a year. The number of days in a month is not always the same, and therefore, paydays vary. For instance, February has 28 days; therefore, the first paycheck will be handed over in 15 days, i.e., on 15 February. But the second paycheck will be due in 13 days, i.e., on 28th February. Semimonthly Payroll Period Explained Semimonthly payroll is a compensation system where employees receive their remuneration twice a month....