At work today, I had a few clients asking me how do you determine the number of hours for each pay period? To begin this analysis, let’s determine, how many hours are in a year? An employee normally works 8 hours a day x 5 days a week is 40 hours a week x 52 weeks in a year is 2080 working hours per year.
Here is a breakdown of the number of hours per pay period:
Weekly (Paid 52 times a year) is 2080 hrs / 52 times = 40 hours per pay period
Bi-Weekly (Paid 26 times a year) is 2080 hrs / 26 times = 80 hours per pay period
Semi-Monthly (Paid 24 times a year) is 2080 hrs/ 24 times = 86.67 hours per pay period
Monthly (Paid 12 times a year) is 2080 hrs / 12 times = 173.33 hours per pay period
In the future when an employee asks you how the number of hours are determined especially for salary employees, you may use this calculation as an explanation.
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March 28, 2009 at 9:21 pm
Hello!
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April 7, 2009 at 10:39 pm
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My name is Piter Kokoniz. Just want to tell, that I’v found your blog very interesting
And want to ask you: is this blog your hobby?
Sorry for my bad english:)
Thank you:)
Your Piter Kokoniz, from Latvia
April 13, 2009 at 1:30 pm
hi,
it’s a hobby and to educate others. I hope you enjoy the site. Thanks for commenting.
June 22, 2009 at 1:07 pm
If a person is working 75% time or 30 hours a week, then what would the hours per pay period be if they are paid 24 times a year (semi-monthly)?
June 22, 2009 at 3:22 pm
Hi,
Here is the formula to determine the number of hours for a semi-monthly schedule:
30 hrs/wk x 52 weeks per year = 1560 hrs / 24 pay periods = 65 hrs per period
I hope that helps. Thanks.