What’s better: Bi-weekly payroll? Or 1st & 15th? And Why?
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Employees might not like bimonthly as much, though. For hourly workers, biweekly or weekly paychecks are reliable: you know what you’ll earn if you put in the hours and you know when payday will be. In months where there are less/more than 30 days your paycheck can be larger or smaller – think February – which can make budgeting an issue. Salaried employees make out a bit in February, too – since they’re getting their standard 30/31 day salary for a month with only 28/29 days.
If you don’t have a preference, maybe ask your employees if they do! My guess is they’ll want every other week – it’s just easier to track, budget and pay bills.
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