27 pay periods
- Thread starter dmclone
- Start date
I get paid once every two weeks with no regard to the year, so makes little difference. The last pay period or two usually have a few extra bucks for some good accounting reason I'm sure. The fiscal year turn in summer is more exciting as there is usually a raise there.
Biweekly is exactly who this impacts. Just depends on whether your first check is January 2nd or January 9th.
I STILL get paid weakly.
The person who was in charge of payroll before I was even employed at this place, miscalculated the salaried employees on a 27 pay period year. The company was sued by a disgruntled salaried employee that did get screwed on a 27 payroll year some did get paid correctly and some didn't. My predecessor then got the board to pass a policy that there are two seperate payrolls. Hourly and salaried. Hourly every two weeks, salaried the 1st and the 15th. What a pain running two payrolls. I tried to get the board to change it once, when the pay dates were the exact same day. They said it would complicate things. I guess I am not persuasive enough. F..ing idiots. Glad I am retired.
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I was 100% commisioned for 21 years. It was construction, for small company. I didn't get paid until the company got paid and the project was completed. All projects were in Iowa /eastern Nebraska. Long winters meant no pay for up to 3 months at a time. I just paid our mortgage ahead for 6 months all the time. The company did pay for my health insurance. OHHH the freedom of that job!! All I had to do was fill the construction schedule each year and manage the scheduling with crews and customers. One year I booked through winter in June. I was a good golfer that summer. I had a Motorola bag phone. Look it up if you dont know what it is.
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My job when we lived in Chicago did that. My wife got paid every week. So it wasn't too bad.
Yeah, that's why retirement is such a time of anxiety. "OK, my next paycheck is...... never??"
One Christmas my wife and I got my parents a Motorola bag phone, the old man was in heaven on that thing. Plug it into the lighter and away he went. What a great memory.
When I lived in Australia everybody got paid on Friday and rent was due on Friday. You drop off the check with the landlord and head straight to the bar.
I can't speak for anyone else but it doesn't matter. The changing year is invisible to the paycheck. Finance has to separate it out for tax purposes but my bills aren't yearly so every two weeks I'm paid and I take care of the same things .
Are you hourly? If you’re salary it certainly does matter if there are 26 or 27 pay periods in a calendar year.
You're missing the point. The calendar makes no difference. If they've done math ahead of time it's not a surprise. You can divide by days and not weeks, unless your finance dept is bad at math, which would be an issue.
Divide your salary by 26. Then divide it by 27. The entire point of the thread was asking how people’s companies handled the reduced bi weekly check.
And my point was, I've never had it done that way and it works much smoother.
