©2023 OnPay, Inc.
Insurance offered through OnPay Insurance Agency, LLC (CA License #0L29422)
Updated on December 29, 2022
A bi-monthly pay period is a payroll schedule where employees receive payment twice per month, usually on the same calendar days. It is also referred to as a semi-monthly pay period. When an employer uses a bi-monthly pay period, it issues 24 paychecks per employee in a year.
While bi-monthly technically means once every two months, in the payroll world, it has come to mean twice per month, or semi-monthly. Pay dates are typically the first and 15th of the month, or the 15th and the last day of the month, for a total of 24 pay runs per year.
“Paying employees bi-monthly would mean having consistent cash flow requirements, because there are always two pay periods per month .”
Terms related to Bi-Monthly Pay Period
Articles and resources related to Bi-Monthly Pay Period
Just share some basic information, then we’ll set everything up and import your employees’ information for you. It couldn’t be easier.