semi monthly pay implies that the employees are paid twice in a month which typically happens on the 15th and last day of the month. Semi-monthly is compared to biweekly pay that is made in every two weeks (26 pay periods per year); this way, semi-monthly pay will have 24 pay periods per year. Such a schedule will offer predictable dates of paying, which will correspond to monthly bills and costs. Salaried employees are usually provided with semi-monthly compensation and it is easy to make monthly budgets. But the hourly employees might struggle with it because the number of working days at the end of every period can vary, and the payroll should be calculated with carefulness and in accordance with the labour laws.