How Does a Biweekly Pay Work?
With a biweekly pay, employees are paid every two weeks, resulting in a total of 26 paychecks throughout the year. This is the most common type of pay period.
The salary for an employee compensated on an annual basis would be divided into 26 paychecks. For employees paid on an hourly basis, the pay will be based on the number of hours worked during the two-week pay period.
Biweekly pay allows employees to budget their finances more easily because they receive their paychecks on a regular schedule.