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This question is about salaries.
How does a two-week pay period work?
A two-week pay period works by seeing employees being paid every other week by their employers, and typically on the same day, such as Thursday or Friday. A two-week pay period can also be referred to as a bi-weekly pay schedule.
Two-week pay periods are ones where employees are paid every other week and usually on the same day of the week, meaning they are based on a 14-day work cycle. For employees that receive hourly wages, the number of hours they work during the two-week pay period is multiplied by their hourly rate. This calculation provides the employees with their gross pay.
For salaried employees, their total annual salary is divided by the number of pay periods (usually 26) to determine how much compensation they earn every two weeks. The most common day of the week that companies using a bi-weekly pay schedule pay their employees on is Friday, however, this can vary depending on the specific organization.
Two-week pay schedules provide employees with 26 pay periods per year. While this type of pay schedule is very common, some employers might also pay their employees on different pay schedules, such as:
Monthly
Bi-monthly
Weekly
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