Eighteen percent of businesses pay employees semimonthly. If you use semimonthly pay periods and have nonexempt employees who work overtime, read on. We’ll break down calculating overtime for semimonthly pay periods (complete with examples!).
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Must-know Pay Frequency Requirements by State
How often do you need to pay your employees? When you choose a paycheck frequency for your business, you need to follow state and federal payment laws. Learn about pay frequency requirements by state and federal payday laws.
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What Is a Workweek?
Let’s say your employees come to work Monday through Friday. They don’t work at all on Saturday and Sunday. Monday through Friday is their workweek, right?
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Can Employees Be Paid Quarterly?
When you’re trying to decide how often to pay employees, you’ll realize there are several options. Common pay frequencies include weekly, biweekly, semi-monthly, and monthly. But, you might be wondering if your employees can be paid quarterly.
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Bimonthly Payroll: A Rare Unicorn, Is it Even Legal, and More
You’re trying to figure out a decent pay frequency for your business. There are a number of popular options, like weekly payroll, and some that are a little more out there, like bimonthly payroll.
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Biweekly vs. Semimonthly Payroll
Deciding on a pay frequency for your small business is an important decision. Your pay frequency determines how often you process payroll and when employees receive their paychecks. Two popular, yet easily confused, pay periods are biweekly and semimonthly.
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How Often Employees Get Paid Depends on One Thing—Pay Frequency
Pay frequency is one of the first decisions you must make when you hire your first employee. If you haven’t thought about payroll frequency, now’s the time to start. Employee satisfaction, legal compliance, and cash flow may depend on it.
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If You’re Thinking About Changing Payroll Frequency, Read This First
Tired of how often you run payroll and pay employees? Before changing payroll frequency, there are a number of things to consider. Making this kind of change could do more than ruffle your employees’ feathers—it could land you in hot legal water.
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6 Steps to Creating and Sticking to Your Payroll Calendar
Employer A runs payroll at the same time every regular pay period. No hiccups—just a smooth, reliable process. Employer B tends to scramble, often forgetting about cutoff periods and being forced to expedite payroll. Quite stressful, and a bit expensive after a while.
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How Will Leap Year Payroll Impact Your Business in 2020?
Every four years, February magically has 29 days instead of 28. Ok, so maybe it’s not magic. But it is a leap year. And when leap year rolls around every four years, your business needs to be prepared. Read on to learn about leap year payroll and steps for handling payroll during a leap year.
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