Free Special Resources
Get Your FREE Special Report. Download Any One Of These FREE Special Resources, Instantly!
Featured Special Report
Claim Your Free Cost Per Hire Calculator
This handy calculator lets you plug in your expenses for recruiting, benefits, salaries, and more.

Graphs automatically generate to show you your annual cost per hire and a breakdown of where you are spending the most money.

Download Now!
March 03, 2008
Leap Day Adds Extra Paycheck for Some Workers in 2008

The American Payroll Association is reminding employers that the "leap" day added to February could mean some workers will get one more paycheck than usual in 2008.

For a Limited Time receive a FREE Compensation Market Analysis Report! Find out how much you should be paying to attract and retain the best applicants and employees, with customized information for your industry, location, and job. Get Your Report Now!

"In an average year, most days are repeated 52 times. In 2008, however, two days will repeat 53 times--Tuesday and Wednesday," says Dan Maddux, executive director of the American Payroll Association. "Employees that are paid on either a Tuesday or Wednesday may get an extra paycheck in 2008."

To compensate for the extra payday, companies will likely reduce salaried individual paychecks throughout the year to "pay" for the extra paycheck. Most salaried individuals are promised an annual salary, not a specific amount each paycheck.

Maddux recommends that employees talk with their payroll departments to see if their pay will be affected by the leap year.

Join a discussion on this topic in BLR's HR Forum using the following link:

Featured Free Resource:
Cost Per Hire Calculator
Twitter  Facebook  Linked In
Follow Us
Copyright © 2017 Business & Legal Resources. All rights reserved. 800-727-5257
This document was published on
Document URL: