Payroll Vocabulary Explained

We break down payroll’s complex terms from A to Z for easy understanding.

Severance pay

Severance pay is a form of temporary compensation and may also include continued benefits or other perks. It is offered by employers to employees who are being let go, typically

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Semi-Monthly Pay Period

A semi-monthly pay schedule means employees are paid twice each month, typically on fixed dates, such as the 1st and the 15th, or the 15th and the last day of

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Seasonal employment

Seasonal employment refers to temporary job roles created to support businesses during periods of heightened activity, such as holidays, tourist seasons, or specific times of year when demand spikes. Understanding

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Salaried employee

A salaried employee is someone who earns a fixed, predetermined amount of compensation that is paid on a recurring schedule, typically weekly, biweekly, semimonthly, or monthly. In many cases, salaried

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