Bimonthly pay is a pay schedule in which employees are paid twice per month, usually on two set dates. It typically results in 24 paychecks per year.
Bimonthly pay is a pay schedule in which employees are paid twice per month, usually on two set dates. It typically results in 24 paychecks per year.
For employers, a bimonthly pay schedule creates two payroll runs each month, often around the middle and end of the month. Because months vary in length, the number of days in each pay period may not be the same. This can affect how hourly pay, overtime, deductions, and benefit contributions are calculated. Clear payroll calendars help employees know when to expect each paycheck.