What Are the Advantages of a Semi-Monthly Pay Schedule?

There are several benefits of a semi-monthly pay schedule. It makes paying expenses easier because for employees, all payments are on consistent paydates. Simpler payroll calculation to the employer as deductions such as insurance and tax deductions are easy to calculate on a month by month basis. Furthermore, this fits very nicely into monthly financial obligations so there is not the worry of late payments. Sometimes businesses that manage salaried staff are more likely to take a semi-monthly route for payroll, necessarily to balance the employee benefits, bonuses, and any other sort of compensation adjustments.

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