January 15, 2020 | Pay Cycle Changes

Announcing Pay Cycle Changes Effective February 1, 2020
We value you and the work you do! And want to keep you in the know. 
️It is important we provide you with clear information about a significant change in when you will be paid, because clear is kind and that is how we roll at CTC. #values
Why are the pay cycles changing?In an effort to further improve business efficiencies and align with best practices, all employees will be paid semi-monthly effective February 1, 2020. 
With this change, CTC will be able to provide increased transparency. The new pay cycle will also help to streamline processes, as well as being in accordance with applicable payroll guidelines. 
What is the new pay cycle and what does that mean for you?No problem! We got you covered and listed below are some more deets for clarity. 

1. Employees will be paid on the 1st and the 15th of every month. 
2. The first official payday on the new cycle will be on February 1, 2020.

*Note: If the 1st or the 15th fall on a weekend or official holiday, payment will occur on the preceding business day. 

1. To aid in getting us on the new cycle, there will be an interim pay cycle you will receive on January 16th for the dates of 1/12 – 1/15.
2. Your first official paycheck on the new pay cycle will occur on February 1, 2020. Since this is a Saturday, you will actually receive your paycheck on Friday, January 31, 2020. 
3. We are here for you! Contact Human Resources in Differentiation or Finance if you have additional questions. 

We hope the advanced notice of this change, will aid in providing time to make any necessary adjustments that may be affected by the pay cycle change.