Explain to me how being paid on the 15th and 30th is the same amount of pay as biweekly?

Question

My new job pays on the 15th and 30th of every month. IF those days fall on a weekend we get paid on the friday before. My math is terrible but this feels like I come out with LESS paychecks per year?

In: 0

Answer 1

If you get paid 2 times per month times 12 months that is 24 times.

That’s 24 paychecks per year.

Bi weekly would be 26 pay periods. There are 52 weeks in a year, and half that is 26.

That’s 26 paychecks per year.

Most companies either pay you hourly or with a yearly salary. Either way you end up the same money regardless of whether you get 24 slightly larger checks or 26 slightly smaller ones. Because it all adds up to the same amount of hours or salary.