Biweekly Pay is a payroll schedule when a company pays its employees on a weekly basis on a specific date. The schedule is defined by the corporate since the calendar has 52 weeks in a year, sometimes employees receive 26 paychecks per year, which works bent be every other week.
Biweekly pay is used in industries like the Hospitality, Education sector, Health sector, Manufacturing, etc.
Also, See: Variable Pay | Severance Pay
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