What is a Pay Schedule?
A pay schedule is a recurring structure that determines how frequently employees are paid and how often payroll is processed. It outlines the specific intervals at which employees receive their paychecks, such as weekly, bi-weekly, semi-monthly, or monthly. This schedule is crucial for managing cash flow, ensuring compliance with payroll laws, and providing employees with predictable income. It typically includes two key components: pay periods, which define the time frame for which an employee is paid, and pay dates, which are the actual dates employees receive their paychecks.
Adding a pay schedule
Follow the steps in this article to add a pay schedule in Eddy.
How to move a worker to another pay schedule
To move a worker to another pay schedule, go to the Pay Schedules page. To get there, sign in as a Payroll or HR Admin in Eddy and go to the Admin Settings area. Click the Payroll page and select Pay Schedules in the list. On this page you can click the name of the pay schedule that has the worker you want to move to a different schedule.
On the Pay Schedule page you'll see a checkmark next to each worker. To move a worker, select the checkmark, then click the Move to another Pay Schedule button.
On the Move person to another pay Schedule page we ask for a few pieces of info:
- What is the new pay schedule?
- When should the move happen?
When a person’s Pay Schedule changes, a gap can exist between their last day on the old schedule and their first day on the new schedule. A transition payroll lets you pay people for any workdays that fall during this gap.
When you are ready to complete the move, click the Move button.
