Bi-weekly payroll is a system in which employees are paid once every two weeks, usually on the same weekday. This schedule results in 26 paychecks per year, slightly more than a semi-monthly system. It is a common choice for employers because it balances consistency for employees and manageable cash flow for businesses.
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A common law employee is someone whose work and duties are controlled by an employer, not just in results but also in how tasks are performed. This definition helps distinguish employees from independent contractors for tax and legal purposes. Employers of common law employees are responsible for payroll taxes, benefits, and labor law compliance.
The 14th Month Pay is an additional salary payment some employers provide on top of regular wages and the 13th month pay. It is often given as a mid-year or year-end bonus to reward employees and boost retention. While not mandatory in all countries, it is a common practice in parts of Europe, Latin America, and Asia.
Base salary is the predetermined amount of money an employee receives for their work, typically expressed as an annual figure. It does not include variable components like bonuses, overtime pay, or allowances. Base salary provides financial stability and forms the foundation of an employee’s overall compensation.
Back pay refers to wages that an employer owes an employee for work already performed but not properly compensated. It may result from payroll errors, underpayment, wrongful termination cases, or delayed raises. Back pay ensures employees receive the full amount they are legally entitled to.
An allowance is a set amount of money provided by employers to employees in addition to their regular salary. It is usually given to cover work-related expenses such as housing, transportation, or meals. Allowances can be taxable or non-taxable depending on local labor and tax laws.
Accrued payroll is the total amount of wages, bonuses, and benefits employees have earned during a period but haven’t yet been paid. It is recorded as a liability on the company’s balance sheet until payment is made. This practice ensures financial accuracy and shows the company’s short-term obligations to its workforce.
Accrual payroll is the accounting method where employee wages, benefits, and related expenses are recorded when they are earned, not when they are paid. This ensures accurate financial reporting and helps businesses match payroll costs with the correct accounting period. It provides a clearer picture of a company’s obligations and cash flow.
The 14th Month Pay is an additional salary payment some employers provide on top of regular wages and the 13th month pay. It is often given as a mid-year or year-end bonus to reward employees and boost retention. While not mandatory in all countries, it is a common practice in parts of Europe, Latin America, and Asia.
BPJS stands for Badan Penyelenggara Jaminan Sosial, Indonesia’s social security administration. It is important because participation is mandatory for employees and employers, ensuring access to healthcare, pensions, and workplace protections. BPJS plays a central role in safeguarding worker welfare in Indonesia.
BPJS stands for Badan Penyelenggara Jaminan Sosial, Indonesia’s social security administration. It is important because participation is mandatory for employees and employers, ensuring access to healthcare, pensions, and workplace protections. BPJS plays a central role in safeguarding worker welfare in Indonesia.
BPJS stands for Badan Penyelenggara Jaminan Sosial, Indonesia’s social security administration. It is important because participation is mandatory for employees and employers, ensuring access to healthcare, pensions, and workplace protections. BPJS plays a central role in safeguarding worker welfare in Indonesia.
Understand Take Home Pay with our detailed glossary entry—learn how it's calculated and what factors affect your net income.
Understand Take Home Pay with our detailed glossary entry—learn how it's calculated and what factors affect your net income.
Understand Take Home Pay with our detailed glossary entry—learn how it's calculated and what factors affect your net income.
Understand Take Home Pay with our detailed glossary entry—learn how it's calculated and what factors affect your net income.
Understand Take Home Pay with our detailed glossary entry—learn how it's calculated and what factors affect your net income.
Understand Take Home Pay with our detailed glossary entry—learn how it's calculated and what factors affect your net income.
Understand Take Home Pay with our detailed glossary entry—learn how it's calculated and what factors affect your net income.