What does the term biweekly mean in payroll and scheduling?
What does the term biweekly mean in payroll and scheduling?
Biweekly generally means occurring once every two weeks. In payroll, it refers to employees being paid every two weeks, typically on a fixed weekday such as Friday. This results in 26 pay periods in a year. Each pay period usually covers 14 days of work, making it easier to calculate wages and overtime. Biweekly schedules are widely used because they provide consistency and predictability. However, since there are more pay periods than months, employees may receive three paychecks in certain months, which can be beneficial but requires careful budgeting.