PAY PERIODS EXPLAINED!

 

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WEEKLY  

PAID ONCE PER WEEK ON A SPECIFIC DAY - THERE ARE USUALLY 52 PAY PERIODS IN WEEKLY PAY

EXAMPLE:  PAY PERIOD: 10/10/11 THRU 10/16/11 PAY DATE: 10/21/11

NEXT PAY PERIOD WOULD BE 10/17/11 THRU 10/23/11 PAY DATE 10/28/11

IN THE ABOVE EXAMPLE THE PAY PERIOD IS FROM MONDAY (10/10)  THRU SUNDAY (10/16) AND GET PAID ON FRIDAY (10/21),

THE PAYROLL COMPANY OR DEPARTMENT  USUALLY NEEDS A FEW DAYS AFTER THE PAY PERIODS ENDS TO PREPARE THE PAYROLL.

 

 

* NOTICE THE END OF ONE PAY PERIOD THE NEXT DAY IS THE BEGINNING OF THE NEXT PAY PERIOD

 

BI-WEEKLY

PAID EVERY OTHER WEEK ON A SPECIFIC DAY - THERE ARE USUALLY 26 PAY PERIODS IN BI-WEEKLY PAY

THE SAME AS WEEKLY EXCEPT A TWO WEEK  PAY PERIOD

EXAMPLE:    PAY PERIOD: 10/03/11 THRU 10/16/11 PAY DATE: 10/21/11

NEXT PAY PERIOD WOULD BE 10/17/11 THRU 10/30/11 PAY DATE 11/04/11

IN THE ABOVE EXAMPLE THE PAY PERIOD IS FROM MONDAY (10/03)  THRU SUNDAY (10/16) AND GET PAID ON FRIDAY (10/21),

THE PAYROLL COMPANY OR DEPARTMENT  USUALLY NEEDS A FEW DAYS AFTER THE PAY PERIODS ENDS TO PREPARE THE PAYROLL.

 

 

* NOTICE THE END OF ONE PAY PERIOD THE NEXT DAY IS THE BEGINNING OF THE NEXT PAY PERIOD

 

SEMI MONTHLY  

PAID TWO SPECIFIC DAYS PER MONTH - THERE ARE ALWAYS 24 PAY PERIODS IN SEMI MONTHLY PAY

EXAMPLE OF 5TH AND 20TH PAY DATES:    PAY PERIOD: 10/01/11 THRU 10/15/11 PAY DATE: 10/20/11

NEXT PAY PERIOD WOULD BE 10/16/11 THRU 10/30/11 PAY DATE 11/05/11

EXAMPLE OF 1ST AND 15TH PAY DATES:  PAY PERIOD 09/26/11 THRU 10/10/11 PAY DATE 10/15/11

NEXT PAY PERIOD WOULD BE 10/16/11 THRU 10/25/11 PAY PERIOD 11/01/11

EXAMPLE OF 15TH AND 30TH PAY PERIOD:  PAY PERIOD 09/26/11 THRU 10/10/11 PAY DATE 10/15/11

NEXT PAY PERIOD WOULD BE 10/11/11 THRU 10/25/11 PAY DATE 10/30/11

IN THE ABOVE EXAMPLE THE PAY PERIOD IS DIFFERENT FROM BI WEEKLY

IN THAT THERE SPECIFIC PAY PERIODS AND PAY DATES THE DAY OF THE WEEK DOESN'T MATTER

THE MONTHS ARE ALL SPLIT INTO TWO PAY DATES 24 TOTAL

 

 

* NOTICE THE END OF ONE PAY PERIOD THE NEXT DAY IS THE BEGINNING OF THE NEXT PAY PERIOD

 

MONTHLY

PAID ONCE PER MONTH ON A SPECIFIC DAY - THERE ARE ALWAYS 12 PAY PERIODS IN MONTHLY PAY

EXAMPLE: PAY PERIOD 10/01/11 THRU 10/31/11 PAY DATE 11/05/11

NEXT PAY PERIOD WOULD BE 11/01/11 THRU 11/30/11 PAY DATE 12/05/11