How Does Semi Monthly Pay Work. TimeClick automatically calculates overtime hours based on your pay period as shown in the section above. Each month will always have exactly two work periods consisting of roughly 86 hours each.
For example a business may pay its employees on every 3 rd and 18 th date of the month. What should I do with 27 pay periods. Most companies choose to provide checks on either the 1st and the 15th of the month or the 15th and last day of the month though in theory the company could choose any two days to distribute the checks.
All semi-monthly paydays are the 5th working day after the end of the pay period.
Typical semimonthly pay schedules are the 1st and the 15th or the 15th and the last day of the month. Most companies choose to provide checks on either the 1st and the 15th of the month or the 15th and last day of the month though in theory the company could choose any two days to distribute the checks. All semi-monthly paydays are the 5th working day after the end of the pay period. Semi-monthly employees are paid twice a month usually on the 15th and the last day of the month.
