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2 min read

Monthly vs. Biweekly Employee Payroll: How To Choose for Your Business

Biweekly vs. Monthly Payroll
2 min read

Monthly vs. Biweekly Employee Payroll: How To Choose for Your Business

Deciding how often to pay your employees can be a tough decision. Do you want to pay them every two weeks, or once a month? Both options have their advantages and disadvantages, so let’s take a closer look.

Key Takeaways

  • Biweekly payroll is helpful for those who need more frequent paydays, while a monthly payroll can help you streamline payroll processing and reduce administrative costs. The option that is best for your business depends on your unique needs and the preferences of your employees.
  • It’s important to communicate your pay schedule, decision to your employees and make sure they understand how often they’ll be getting paid.

With biweekly payroll, your employees will receive a paycheck every two weeks. This means they’ll get paid 26 times a year. This can be helpful for those who live paycheck-to-paycheck and need more frequent paydays.

On the other hand, monthly payroll can help you streamline payroll processing and reduce administrative costs. With a monthly payroll, you’ll only need to run payroll 12 times per year per employee, which can save you time and money.

Which payroll schedule is best for your business?

It really depends on your unique needs and the preferences of your employees. If your employees need more frequent paydays, a biweekly payroll may be the way to go. However, if you want to streamline your payroll processing and reduce administrative costs, a monthly payroll may be a better fit.

Whatever you decide, it’s important to communicate your decision to your employees and make sure they understand how often they’ll be getting paid. By choosing the right pay schedule for your business, you can support the growth and success of your organization.

Overall, the key is to find the right fit for your business and your employees. Both biweekly and monthly payrolls have their own unique advantages and disadvantages, so take the time to carefully consider which option will work best for you.

Want to run your whole team’s payroll in a single click?

If you’re hiring contractors or employees, you’re probably spending too much time on their payroll, contracts, and tax documents. This is why you should use an Employer of Record, which saves you 90% of the time you spend on contractor paperwork each month.

With an EOR, you can compliantly hire your contractors in 185+ countries, onboard them in minutes, and pay them all at once (in a click). It’s the seamless way to hire and pay.

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At RemotePad, Lech draws on his professional experience to write about employment taxes and payroll (both remote, and in-office). Lech holds a Bachelors’ degree from the University of Kent, a Master of Arts (MA) from Kings College London, and professional payroll and tax qualifications. He has 20 years experience advising on all manner of tax and business planning matters.

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