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Need help getting your head around the weekly payroll?
While your team can benefit from weekly payments, you’ll also face unique challenges.
We’ll explain everything you need to know about weekly payroll—how it works, use cases, and the steps you need to run the process smoothly.
Weekly payroll explained
As its name suggests, weekly payroll refers to the process of paying team members on a weekly basis, typically every seven days.
This payroll frequency is common for businesses that have a workforce with varying hours and shifts for different employee types, like part-time or hourly team members.
Running weekly payroll means team members receive their wages more frequently than other payroll schedules.
You simply calculate and process pay for your team members based on their salary or the hours they’ve worked.
These calculations will include regular hours, overtime, bonuses, and more.
Weekly payroll can provide team members with a sense of financial stability since they receive more payslips. However, due to the more frequent processing and reporting requirements, it can also come with its own administrative challenges.
Advantages of weekly payroll
Weekly payroll will benefit your organization and your team members. Here’s how:
Weekly payroll benefits for your people
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