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Changing Pay Frequency: What You Need to Know

OnDemand Webinar (87 minutes)

Which pay frequency is best for your company? Learn the pros and cons of each and how to make a seamless transition if you decide to change.Many professionals are not aware of the advantages and disadvantages of certain payment schedules. Moreover, when a change needs to be made to the frequency of employee pay, many are unaware that a change can be made, or how to do so. This topic helps the person responsible for changing pay frequency establish the most appropriate pay schedule for their business. This material will also provide that person with the knowledge and ability to change a business' payment frequency when a change needs to be made.

Authors

Marcus G. Keegan, Keegan Law Firm, LLC

Agenda

Pros and Cons of Common Pay Frequencies

• Bi-Weekly Paychecks

• Twice-Monthly Paychecks

• Monthly Paychecks

Laws Regarding Pay Frequency

• Pay Frequency

• Payment Methods

• Payment of Terminated Employees

• Unclaimed Paychecks and Deceased Employees

How to Change Pay Periods

• Things to Consider Before Changing Your Pay Period

• Prepare for the Transition

• Educate Your Employees