Which is my way of saying: a college degree doesnât guarantee success, and not getting a college degree doesnât guarantee failure. I just read a really nice article here on Forbes, Ten Smart Things I Learned From People Who Never Went to College.
These employees are usually put on a 40-hour workweek. To figure hours for a semi-monthly salaried employee, multiply 40 hours by 52 weeks, which comes to 2,080 hours. Then, divide 2,080 by 24 annual semi-monthly pay periods to arrive at 86.67 hours for the pay period. To figure salary for the pay period, divide annual salary by 24 semi-monthly pay periods.
On the flip side, you and your employees may not fully grasp the differences. Paycheck Frequency. As the name suggests, bi-weekly means that employees are paid every two weeks, which typically works out to 26 paychecks per year. With monthly payroll, employees are paid once per month or 12 times per year.