MANAGEMENT

Detailed explanation-1: -Bi-Weekly. When you pay your employees every other week, you pay them bi-weekly. In this method, the employee receives approximately 2 salaries a month, coming to 26 salaries a year. However, there can be about two months in a year where the payment can be made thrice a week.

Detailed explanation-2: -Biweekly and bimonthly can mean the same thing because of the prefix bi-, which here can mean “occurring every two” or “occurring twice in.” Therefore, biweekly can be “twice in a week” or “every other week.” Bimonthly can also mean “every other week” if it’s twice in a month, or it can mean “every other month.”

Detailed explanation-3: -Biweekly pay dates occur every other week, and semi-monthly pay is paid out on two specific dates a month (e.g. every 5th and 20th of the month). There are 26 pay periods per year. Employees are paid on a specific day, e.g. every other Friday. Pay is every two weeks.

Detailed explanation-4: -Employees receive 26 paychecks per year with a biweekly pay schedule. Depending on the calendar year, there are sometimes 27 pay periods, which can increase payroll costs.

Detailed explanation-5: -When you change to biweekly payments, you’ll make payments every two weeks. If you used to pay $1, 200 dollars a month, you’ll pay $600 every two weeks instead. Because some months are longer than others, you’ll end up making an extra mortgage payment each year.