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California Labor Law
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| money |
If you are paid a bi-monthly salary on the 13th & 28th,
but there are twenty-two days in a month (like March)...
Are you just working 'for free' the two extra days?
:( |
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| darthseph |
Correct me if I'm wrong but how does March have 22 days? Unless your talking Mon-Fri work week (which is dependent on the industry you are working in).
Also, I'll take the liberty of assuming you meant the 14th and the 28th as that would be 2 paychecks a month (bi-weekly), but these are both Saturdays (which banks aren't typically required to be open on and realistically you should be paid on the 13th and the 27th), or every two weeks. Bi-monthly would mean you are paid every two months, which I don't think is what you meant.
And no, the last two days of work on March would simple be added onto the paycheck in April. This is really common if you are paid every two weeks. This is avoided by some companies by paying on the middle and the last day of the month but for auditing purposes most large companies now shy away from that mentality.
So I'll take it as a liberty to say, no, you aren't working for free but you pay is offset to the next paycheck. |
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| money |
Rephrase:
I get paid the same salary on the 13th and 28th, regardless of how many days are in the month.
Is this correct? |
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| hadi burpee |
if you are bi-monthly, it doesnt matter how many days you work, you get paid only 2 times a month. so like in march, it has already been two weeks since my last paycheck, but i only get it on the 15 and 30 or 31st, so i have to wait till tuesday to get paid.
i think bi-weekly is better because you get used to living on a less salary per paycheck then you get 2 kind of extra checks a year (since you get 26 paychecks rather than 24). i dont really like bi-monthly but whatever. |
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| money |
| So I'm not getting screwed? |
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| xenpro |
It all depends if you an hourly employe or salaried
Chances are you salaried if you get payed twice a month
If so and you know your yearly salary than take your gross pay from the paycheck multiply it by 24 this should equal your yearly salary if it does not than you are getting screwed |
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| darthseph |
I still love how people are using bi-monthly.... lol... that literally means every 2 months which is not a common pay scheme at all.
As for the gross pay, if you are indeed salaried, then you can take the gross pay and multiply it by the number of checks in a given pay year (this can be either 24 or 26 depending on your company's pay scheme, and as was noted... 24 if its given at the half and end of the month, or 26, which is far more common now, if its given every 2 weeks or bi-weekly).
If it's an hourly rate job, then its more complicated but you should notice the additional roughly 16 hours on the next paycheck (assuming you work 8 hr days there) for this month's 30th & 31st.
Honestly, if you are really curious about it ask your HR department. They are there for questions like that and should easily be able to answer how your company pays out. |
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| hadi burpee |
| quote: | Originally posted by darthseph
I still love how people are using bi-monthly.... lol... that literally means every 2 months which is not a common pay scheme at all.
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i actually thought bi-weekly was the funny sounding one because isnt bi-annually twice a year, so bi-weekly would be twice a week. |
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| darthseph |
| quote: | Originally posted by hadi ******
i actually thought bi-weekly was the funny sounding one because isnt bi-annually twice a year, so bi-weekly would be twice a week. |
The word itself is technically both as per Websters Dictionary. However, when it comes to pay periods, biweekly refers to the second definition which is occurring every fortnight (14 days).
While bi-monthly can also describe this, as far as legal reasoning goes for paychecks, its not the correct term. I can't really explain why, I just was taught this when I worked for a bank and when I was an office aide. All I can do is cite a source for ya in business terms Business Dictionary.
It should be used as fortnightly, don't get me wrong... but most people don't really get the term. That's why bi-weekly is accepted in the business community. Source: Again Business Dictionary. |
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| TSG |
| quote: | Originally posted by money
If you are paid a bi-monthly salary on the 13th & 28th,
but there are twenty-two days in a month (like March)...
Are you just working 'for free' the two extra days?
:( |
New job Ambie?
We get paid twice a month, 15th & 30th. |
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| DaveT |
I found it way easier to budget well when I was paid on the 15th and last day of every month. So much easier.
I easily prefer it over bi-weekly. |
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