what does semi monthly mean?

TLDR: "Semi-monthly" refers to events occurring twice a month, commonly used in payroll, billing, and scheduling. It is distinct from "bi-weekly," which means every other week, and "bi-monthly," which can mean either every two months or twice a month.

Understanding Semi-Monthly

The term "semi-monthly" describes events that occur twice a month, typically on fixed dates like the 1st and 15th or the 15th and last day. In payroll, this means employees receive their wages 24 times a year, which aids in budgeting and financial planning. This schedule is particularly common for salaried employees, contrasting with bi-weekly payroll, which pays every other week, resulting in 26 paychecks annually.

Beyond payroll, "semi-monthly" is also used in contexts like subscription services, loan payments, and organizational meetings. It's important to distinguish "semi-monthly" from "bi-monthly," which can mean either every two months or twice a month, and from "monthly," which refers to events occurring once a month. Understanding these distinctions is crucial for effective communication and planning in both personal and professional settings.