Setting up payroll at your business? Learn how you can save time and money while staying in compliance by answering these key questions.
With so many online payroll services available, setting up payroll seems like an easy item to check off your list. However, you need to answer several key questions before setting your payroll schedule. Let's take them one at a time.
Do You Pay Your Employees a Salary or an Hourly Rate?
Typically, salaried employees get paid semi-monthly (for example, on the 15th and on the last day of each month) and hourly employees get paid biweekly (every two weeks). That might sound like the same thing, but it's not: "Semi-monthly" means twice a month, or 24 times per year. "Biweekly" means every two weeks, or 26 times per year.