Capitalism is when the economic system is dominated by free markets, private businesses, and private individuals’ asset ownership.

Differences between Biweekly Payroll, Semimonthly Payroll, and Bimonthly Payroll.

Advantages and Disadvantages of the Bi-Monthly Payroll

Advantages and Disadvantages of the Biweekly Payroll.

Advantages (Pros / Positives / Benefits) and Disadvantages (Cons / Negatives / Drawbacks) of Semimonthly Payroll

Differences between Semimonthly Payroll and Biweekly Payroll

Bimonthly payroll means that the company pays its employees once every two months. Employees in bi-monthly pay receive a salary every two months (six times a year).

Biweekly payroll is when employees receive their pay every other week on an agreed day.

Semi-monthly payroll is when a business pays the employees twice a month. Usually, the semimonthly payroll payment happens on the 15th and last day of the month.

Controllable cost is an expense that the company executives/management can influence up to some extent based on the decisions made.