Calculating semi-monthly payroll hours spreadsheet
![calculating semi-monthly payroll hours spreadsheet calculating semi-monthly payroll hours spreadsheet](https://cdn.extendoffice.com/images/stories/doc-excel/calculate-hours-worked/doc-calculate-worked-hours-4.png)
![calculating semi-monthly payroll hours spreadsheet calculating semi-monthly payroll hours spreadsheet](https://www.smartsheet.com/sites/default/files/2020-11/IC-2021-2022-Biweekly-Payroll-Schedule-Template.png)
November 4 is a Wednesday in 2015, but a Friday in 2016). 31 calendar days in January, but only 30 in June) and, two, days of the month don’t fall on the same week day each year (i.e. One, months aren’t all the same length (i.e. The count of periods per year is always fixed at 24, but the number of Monday-to-Friday work days in each period may vary. Semi-monthly payrolls have the opposite attributes. However, the number of periods per year varies because calendar years aren’t an even multiple of weeks: calendar years are 365 or 366 days in length, not 364 days (52 times 7). The answer lies in key attributes of semi-monthly versus weekly/bi-weekly payrolls, both the number of periods per year and their length in calendar or work days.įor weekly or bi-weekly payrolls, the length of each period in calendar days is fixed, at 7 and 14 respectively. So which are better approaches than the others? Prorate her pay period salary using the count of calendar days in this pay period?Įach of these approaches would result in a slightly different salary owing.Prorate her pay period salary using her nominal pay period regular hours?.Prorate her pay period salary using the count of work days in this pay period?.Pay Carole her daily rate for the days worked between November 9 and 15 inclusive?.There are several possible options in how this pay might be calculated: How much should Carole be paid for the semi-monthly period ending November 15, 2015. Her regular hours of work are 37.5 hours/week, Monday to Friday. Her annual salary is $66,000 and is paid on a semi-monthly basis. Carole was hired effective November 9, 2015.