Even as Target posted improved earnings in certain quarters, CEO Brian Cornell’s paycheck didn’t reflect a win. Instead, it got slashed — again — thanks to
The English language is scuffed; due to misunderstandings we end up with seemingly opposite words now being used interchangeably to mean the same thing:
flammable and inflammable, now both usually mean something can be set alight.
biannual and semiannual, both mean twice a year and once every two years - which is even more confusing.
It’s at the point where if you can’t derive the intended definition from context, you need to ask for clarification! 🤦🏻♂️
In this context, I’m pretty sure the commenter was referring to twice-a-month payment. Here in Australia we would call that fortnightly (once every two weeks), where we end up with a scenario where twice a year we end up with 3 payments (for a total of 26 a year). This tends to be more common for hourly wages roles.
It’s been a hot minute since I was paid like that, as corporate salaried positions now tend to be monthly - in order to keep things simple for the HR and Finance teams, and honestly helps people like me to learn/maintain better fiscal responsibility and budgeting.
I’m not encouraging it, it’s actually one of my biggest pet peeves!
I can understand why given how rarely they’re used, people get confused between semi-annual and biannual - especially since things happening every ~6 months is a more common occurrence than every ~24.
In a world where possible/impossible is simple to understand, why is flammable/inflammable confusing!?
Don’t even get me started on “literally” - I want to bang my head against my desk every time I hear it misused.
JasonDJ did a good job at explaining the what, the why would be down to cost-cutting. There are fixed costs associated with putting out payroll (beyond man hours required, there are processing fees etc.); so opting for 2/month instead of fortnightly saves you ~10% in fixed costs.
In general, because the transition puts too much of a financial strain on hourly/wage staff - they tend to live paycheque to paycheque and would struggle to be able to wait an additional 2-3 weeks for their pay to come through.
Besides risking possible staff revolt, it would also make hiring staff much more difficult if new employees learned during induction they might have to wait 5 weeks to be paid!
wait, what does semimonthly mean? like, not every month?
The English language is scuffed; due to misunderstandings we end up with seemingly opposite words now being used interchangeably to mean the same thing:
It’s at the point where if you can’t derive the intended definition from context, you need to ask for clarification! 🤦🏻♂️
In this context, I’m pretty sure the commenter was referring to twice-a-month payment. Here in Australia we would call that fortnightly (once every two weeks), where we end up with a scenario where twice a year we end up with 3 payments (for a total of 26 a year). This tends to be more common for hourly wages roles.
It’s been a hot minute since I was paid like that, as corporate salaried positions now tend to be monthly - in order to keep things simple for the HR and Finance teams, and honestly helps people like me to learn/maintain better fiscal responsibility and budgeting.
No! Bad! Do not encourage this! Like biweekly, biannually is every two years.
I’m not encouraging it, it’s actually one of my biggest pet peeves!
I can understand why given how rarely they’re used, people get confused between semi-annual and biannual - especially since things happening every ~6 months is a more common occurrence than every ~24.
In a world where possible/impossible is simple to understand, why is flammable/inflammable confusing!?
Don’t even get me started on “literally” - I want to bang my head against my desk every time I hear it misused.
“Flammable” was invented specifically to avoid confusion with “inflammable.”
why then separate it from biweekly?
Biweekly is fortnightly. Every two weeks. I.e. Every other Thursday.
Semi-monthly would be twice a month, i.e. the 1st and the 15th.
26 biweekly paychecks in a year…24 semimonthly paychecks in a year.
wtf
JasonDJ did a good job at explaining the what, the why would be down to cost-cutting. There are fixed costs associated with putting out payroll (beyond man hours required, there are processing fees etc.); so opting for 2/month instead of fortnightly saves you ~10% in fixed costs.
why not jush do it once a month then?
In general, because the transition puts too much of a financial strain on hourly/wage staff - they tend to live paycheque to paycheque and would struggle to be able to wait an additional 2-3 weeks for their pay to come through.
Besides risking possible staff revolt, it would also make hiring staff much more difficult if new employees learned during induction they might have to wait 5 weeks to be paid!
…then how come it works everywhere else?
What does?
paying out once a month. even when i worked an hourly job at a restaurant we got paid monthly.