Why do companies choose bi-weekly payroll?

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Why do companies choose bi-weekly payroll?

2007-04-13 09:28:01 · 3 answers · asked by kmbproserve 1 in Business & Finance ➔ Small Business

3 answers

Because federal law mandates a person shall not go more than 15 days without pay.

2007-04-17 05:41:23 · answer #1 · answered by sueh 1 · 0⤊ 0⤋

Companies often choose to pay bi-weekly because it saves them money... the less often they pay, the longer they get to collect interest on the money, and the fewer checks they'll have to print.

2007-04-14 04:44:16 · answer #2 · answered by fabulousfun2 2 · 0⤊ 0⤋

"Smart" companies pay bi-monthly.

2007-04-13 09:35:26 · answer #3 · answered by Doctor J 7 · 0⤊ 1⤋