Does a semi-monthly pay schedule change the number of annual paychecks?

[henrypowell]

Yes. A semi monthly pay plan typically means that employees are paid 24 times a year—twice a month. This is in contrast to bi-weekly payroll, which typically leads to 26 paychecks per year. Having a clear understanding of how a semi monthly schedule works is important so employees can better understand their compensation and financial planning.

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