A company that pays its employees on a weekly basis on a designated date is said to be using a biweekly pay plan. Given that there are 52 weeks in a year and that employees receive 26 paychecks overall, the corporation sets the schedule. Biweekly payroll is a popular choice for sectors like manufacturing, hospitality, health, and education.
Employees who receive half payments on a biweekly basis feel more comfortable and are able to better manage their spending. Additionally, it lowers the possibility of payroll errors and saves the employer time when calculating overtime and payment.
