I noticed my gross pay was $10 lower than usual this pay period, so I asked payroll what happened.

Well, turns out it's because of Leap Day. We get paid biweekly, so they take our annual salary, divide by 365, and multiply by 14 for each paystub. Since this next fiscal year (4/1/19 to 3/31/19) includes a Leap Day, they divide by 366 instead.

I mean, mathematically this all works out and we do eventually get paid our entire annual salary. But since we still get the same 26 paychecks this fiscal year, it feels like a paycut in practice. Like, sure, I'm getting paid my full annual salary in the end, but it seems like an asinine way to do things. I honestly think it's a problem with biweekly pay in general. Even in a non-leap year, I only get 364/365 of my salary. It doesn't all even out until years where there happen to be 27 pay periods (which is only once every 11 years).

The extra $10 certainly doesn't make or break my budget. But it's the principle of it. I think about expenses and savings in terms of months and years, not fortnights. I'd like my entire annual salary to hit my bank account in one year so I can use it appropriately, thanks.

Paying salaried exempt employees bimonthly would make so much more sense.

ETA: This is a MPP to me because my coworkers didn't notice until I asked them if it bothered them too. I honestly think most people don't pay attention to their paychecks. I realized right away because I monitor all my retirement contributions, deductions, etc. and have a spreadsheet of exactly how I think my paystub will break down.