A compensation schedule where employees receive paychecks every two weeks, typically resulting in 26 pay periods within a calendar year. The schedule provides a predictable and consistent income stream for workers. As an illustration, if an employees gross annual salary is $52,000, each payment, before deductions, would amount to $2,000.
This approach to employee compensation offers advantages for both employers and employees. For businesses, it can simplify budget forecasting and reduce administrative overhead compared to more frequent payment schedules. For personnel, the regularity assists in personal budgeting and financial planning. Historically, such a frequency struck a balance between the burden of processing payroll too often and the needs of employees to have consistent access to earnings.
