Simply put, "semi-monthly" means that your company pays you twice a month.

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In payroll terms, "semi-monthly" means employees receive pay twice per month (usually on the 15th and 30th, depending on the date of payday and the month) rather than twice per week. This amounts to 24 pay periods a year. Another one if salaried employees don't see weekly paychecks, but they don't work bi-weekly pay, which sums up to 26 paychecks a year. Semi-monthly pay offers a steady cash flow at fixed dates, but with monthly and biweekly workweeks and monthly overtime calculations, it is more likely to be problematic for hourly employees.

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