alberta health services payroll calendar
What is the total number of Payroll periods or Payrolls in a Year?
There are up to 52 pay periods in a year, or as little as 12. If the condition of the workers or the workplace has specific requirements for paydays, the employer will determine the exact number. The owner of the business must weigh the cost of payroll with the financial needs for their employees.
Pay is split into 52 pay periods per annum and is often used by employers with hourly employees.
Employees get 26 paychecks per annum with a biweekly payment schedule. Depending on the calendar year, there are times when there are 27 pay periods which could increase the cost of payroll. Biweekly pay may be available to salaried and hourly employees.
Employers can decide to pay employees on the first or 15th day of each month or on the 16th or last day of the month. Semimonthly pay is 24 pay periods and is most commonly used by salaried workers.
What's new about the 2021 Payroll Calendar
There will be 53 Fridays in 2021 meaning that some employees can expect 27 biweekly paychecks throughout the new year.
This will depend on whether your company sends paychecks out to employees on January 1st, which is a holiday. If that's the case, this means employees be expecting three paychecks in one month. If this is the case, the three other paycheck months in 2021 would be December and July.