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Tag: pay period

How to Choose a Payroll Schedule – Infographic

Payroll schedule infographic snip

Most companies can choose which payroll schedule they want to use, depending on the state in which they operate (check here for more info: payday frequency requirements by state). Four options are allowed in the US, including: weekly, bi-weekly, monthly, and bi-monthly. Each option has specific benefits. This payroll schedule infographic should help business owners get a handle on the right choice for their company.

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What Is a Workweek Anyway?

168 hours in a week

A workweek has different meanings depending on who you talk to so it’s no surprise that business owners can get a little lost on the topic.

The common definition differs from the payroll definition, which makes it particularly difficult to sort out. But sort out you must, because when it comes to business the payroll definition is the one that counts since that’s the one used in wage and hour disputes.

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Estimating the Last Few Days of the Pay Period Isn’t a Good Idea

Co-authored with Danielle Feiger

You’d almost be surprised that an employer would recognize the value in tracking accurate time (it saves a lot of money on payroll costs) and then, at the end of every pay period, estimate the hours for the last few days.

But it’s actually a fairly common practice, though not a very good one.

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Closing Payroll Early to Cover Holidays

Cash in a suitcase

Did you know that businesses are supposed to follow regular payroll schedules? Businesses who don’t can get into big trouble so listen up if you’re new to this.

Employers can’t just pay their employees whenever they get paid from their clients and they can’t postpone payroll because they ran into a big expense. Nope. Employees must be paid in a timely manner, all the time. This means that a business should have some reserve for payroll because when the unexpected happens, employees still need to be paid.

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How to Choose the Best Pay Schedule For Your Company

calendar for pay schedule

One of the many choices a company must make when starting out is how often to run payroll. Which pay schedule a company chooses depends on a few factors like which state they live in, whether employees earn overtime, and who does their payroll and what it costs. With that in mind, there are four most commonly used payroll schedules in the U.S to choose from.

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