What is the Meaning of Semi Monthly?

Semi-monthly means an event occurs twice a month. When speaking of pay schedules, it means workers are paid on the 15th and 30th every month. Consequently, people get paid 24 times annually through this system. Monthly pay is common for salaried people due to the ease of using their income for planning and budgeting. Even so, the length of pay periods might not always be equal which is not always helpful for people paid by the hour or by overtime pay.

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