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.
If Bi-Weekly is Bi-Monthly, i.e. you intend to give employees 24 checks per year so since each month actually isn't 160 hours because of the two extra weeks per year, you'll pay 166.67 hours per month or 83.3 hours per pay period.herefore, with Bi-Weekly, the employee gets an extra check 2 times a year (basically there are 2 five week months per year and they get an extra at that point or something like that). If they are already on a 40 hour paycheck, you're almost paying them bi-weekly, i.e. bi-weekly = 80 hours.