As the title states, my employer recently switched to a bi-weekly pay schedule (pay every two weeks, 26 paychecks a year) after originally having a bi-monthly pay schedule (pay twice a month, 24 paychecks a year). Today was the first paycheck on the new bi-weekly schedule, and the pay was actually more than what I would typically receive on the bi-monthly schedule. Why would this occur?
If you need the numbers, I make $51,000 annually, and each bi-monthly paycheck was $2,125.00, which makes sense as 51k / 24 paychecks = $2,125 per paycheck. However, on this paycheck (bi-weekly) I received $2,157.69. Math says I should have only been paid 51k / 26 paychecks = $1,961.54.
Where did this additional $196.15 in pay come from??
Submitted November 15, 2019 at 09:09PM by USAisAok https://ift.tt/2Ofkzry
