Biweekly Pay

Biweekly pay refers to a salary or wage payment schedule where employees receive their paychecks every two weeks, resulting in 26 pay periods in a year. This means that every other week, workers are compensated for their hours worked during that period. Many businesses use this system because it balances the administrative workload of payroll processing and provides employees with regular income. Biweekly pay can affect budgeting since some months will have three paychecks instead of two, which employees need to consider when planning their finances.