Biweekly Pay

Meaning & Definition

Biweekly Pay

Biweekly pay is a payroll system where employees receive their wages every two weeks, totaling 26 pay periods in a year. It provides 24 regular paychecks, with two months featuring three paychecks. Employers find biweekly pay cycles efficient for payroll processing, and employees often appreciate the regularity of a consistent schedule. However, the amount of each paycheck in a biweekly system is typically less than a monthly paycheck.