Bi-weekly pay is a per-period payment schedule where employees are paid every other week. The most common bi-weekly pay schedules have employees receive 26 paychecks per year, which works out to be every other week.
The biggest advantage of bi-weekly pay is that it can help to even out the employee’s cash flow. If one has irregular income or expenses, getting paid every two weeks can help to make budgeting and forecasting a bit easier.
There are a few potential benefits of biweekly pay:
Of course, there are also some potential drawbacks: