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.
Quick Answer. When an employee is paid semi-monthly, he receives 24 paychecks each year. In this case, the employee is paid twice each month. Semi-monthly paychecks are usually paid out on either the first day of the month and the 15th, or the 15th and the last day of the month. Keep Learning.