A short YouTube guidance video by Donna Genie explaining legal requirements and best practices for payroll pay periods. The speaker warns that hourly employees and salary employees who are non-exempt from overtime cannot be paid on monthly or semi-monthly schedules in many jurisdictions and therefore must be paid on weekly or biweekly cycles (with some states disallowing biweekly). The presenter recommends using a biweekly payroll schedule to reduce workload.
Does your calendar have reminders plastered all over it of when you have to run payroll? Are you constantly receiving emails saying it's time, it's time? Well, let's talk about the structure of payroll, when to pay it and when you have to pay it. I commonly see a lot of problems with payroll setup that most people don't realize they have. Did you realize that if you have hourly employees or even salary employees who are not exempt from overtime that you cannot pay them monthly, semi monthly? You must pay on a weekly structure or bi weekly. And there are a few states who even don't allow bi weekly. So be careful about your payroll cycle setup. Make sure that you're keeping this streamlined as much as possible so it's not as much of a headache for you. And for that reason I suggest bi weekly. Why? Because it's half the work of weekly. You only have to run payroll every other week.
