As a salaried employee I feel like I am making less this year. I understand the 27 paychecks but if I choose to leave the company does that mean the company jipped me some of my pay?
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Its wild to me people cannot do math. Unreal.
No it won’t. You are paid for the number of days you work through your last day of work.
We will receive a paycheck on 1/2/26 for work performed in 2025. Our paycheck on 1/1/27 will be paycheck #27. In 2023, we received a paycheck on 1/5/24 for work performed in 2023. If we use the same calculations, we received 27 paychecks that year counting the 1/3/25 paycheck for work performed in 2024. They didn't reduce our paychecks in 2024. Why are they doing it now?
@OP depends on how elv handles 27 pay week years. option 1 is to divide annual pay by number of paydates. so you get same annual salary, but checks will be smaller (1/27th instead of 1/26th annual pay) during these years.
if elv actually pays an extra check during 27 paycheck years (1/26th annual amount but for 27 paychecks), then yes, you'll miss out on the extra check payment if you're not a full year employee.
Indeed it DOES. You will only have received your full pay on the 27th paycheck of the year.