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.
A semi-monthly paying structure occurs when employees receive paychecks twice each month, often on the 15th and 30th days of each month. Calculate hourly wages from a semi-monthly pay period to break down earnings for your employees.Step 1. Multiply an employee's semi-monthly salary by two to find the employee's monthly salary. Then multiply the employee's monthly salary by 12 to find the annual salary. Calculate overtime earnings, if applicable. 2  Multiply the employee's hourly wage by the overtime pay rate by the overtime hours worked. 3  For example, if the employee earning $23.07 per hour worked eight hours of overtime at time-and-a-half, multiply $23.07 x 1.5 = $34.61 x 8 = $276.84.