The pros and cons of kinsena (bi-weekly)

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The pros and cons of kinsena (bi-weekly)
« on: July 18, 2018, 05:36:52 AM »
Kinsena vs. Monthly

It is possible to pay the employees per kinsena (every 2 weeks) instead of monthly. Before you decide to opt for kinsena, look at the pros and cons.


Cons

1) Instead of 12 times a year, you have to do the payroll administration 26 times a year. This includes: entering overtime and other mutations, processing salaries, checking, printing or e-mailing slips and doing the bank transfers.

2) Tax and premiums must be declared monthly. As a result, you have some months with 2 kinsenas and some months with 3 kinsenas that you have to add together and pay.

3) Some years have 53 weeks. In those years you have to do an extra run to pay half a kinsena at the end of the year.

4) It is not always clear when week 1 starts exactly. Sometimes that can be in December of the previous year. There are also those that believe the start a week is on Sunday, instead of the standard wich is Monday (NEN 2772 / ISO 8601).

5) Employees have payment obligations, such as rent, water and electricity, subscriptions, etc. that have to be done monthly.


Pros

There exists no good reason for using kinsena (bi-weekly).
« Last Edit: January 12, 2021, 03:30:44 PM by Support »