8886 96 45 50 51 52 53 54 55 56 57 58 62 10 A pay schedule determines how often an employer pays their employees. The more common pay schedules are discussed below. When using a weekly pay schedule, employers pay their employees every week. Weekly pay schedules work best for companies who pay their employees hourly wages. Although weekly pay is preferred by most employees, it's the most work for payroll professionals. The percentage of an employee's yearly salary that gets paid out on a weekly basis is 1.92%. Bi-weekly pay schedules are the most widely used. Employees are paid on the same day every other week. The percentage of an employee's yearly salary that gets paid out on a bi-weekly basis is 3.85%. Semi-monthly pay schedules distribute paychecks twice a month, typically on the 1st and the 15th day of each month. In this system paydays can fall on a weekend or holiday, and the interval between the 15th and the 1st of the subsequent month can be erratic. One benefit to semi-monthly pay schedules is that it makes it easy to process employee benefits, as they are typically computed on a monthly basis (hence, deductions can be taken from one of the two monthly paychecks). The percentage of an employee's yearly salary that gets paid out on a semi-monthly basis is 4.17%. A monthly pay schedule is the least time-intensive for payroll staff, but also the least popular among employees. It works best in industries in which the income is irregular, making it difficult to pay employees on a more frequent basis. Paychecks are received once a month on a specific, recurring date, typically either the first day or the last day of the month. The percentage of an employee's yearly salary that gets paid out on a monthly basis is 8.33%. Which pay schedule is probably least preferred by payroll personnel? Weekly Bi-weekly Semi-monthly Monthly