Bi-Weekly Payroll Cycles
To setup a bi-weekly payroll cycle, you must first setup a 14 day (two weeks) time unit in system setup, which can be used to specify the number of days in the agreement pay period.
Next, you must create a compensation agreement with the pay period field set to the newly created 14 days time unit.
Gross Pay Example
You are employed starting Monday, January 9 (2017) and the calculation period is January 1: January 31. We then have that E = January 9–31. Suppose that the agreement is €1400 per 14 days (Bi weekly) and your fixed working time is 8 hours Tuesday–Saturday. The result for each of the different Payout Day options are as followed:
Option | Calculation | Result |
---|---|---|
Calendar days | €1400 / 14 * 23 | = €2300 |
Week days | €1400 / 14 * 17 | = €1700 |
Weekend days | €1400 / 14 * 6 | = €600 |
Calendar working days | €1400 / 14 * 16 | = €1600 |
Week working days | €1400 / 14 * 13 | = €1300 |
Weekend working days | €1400 / 14 * 3 | = €300 |
Parent Topic: Bi-Weekly Payroll Calculation Support