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How to calculate payroll for bi-weekly pay period
I am trying to correctly calculate payroll from March 20 to April 2 for hourly employees (April 2 is a legal holiday in Canada). I found 2 alternatives that give very different results: 1. I need to take the total gross salary of 4 weeks, including vacation pay, and divide it by 20 working days 2. Take the total hours of the previous 4 weeks and divide it by 20 days working days Do I calculate the payroll for the pay period from March 20 to April 2? A follow-up question is that an employee started this week on March 29 and has a vacation day (they only have 1 week paid), how do I calculate their pay, and is they eligible for vacation pay? Thanks in advance!
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This thread was originally published on 2021-04-06 15:18:19.
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2 thoughts on “How to calculate payroll for the biweekly pay period”
Do you not have hourly rates for each employee? Generally a holiday is paid as an 8 hour or normal (if different) day.
Not sure what your question actually is though.
Every province/territory have different stat calculation. What province/territory is the payroll for?