Since most workers receive a fixed annual salary based on a 365-day year, that extra day on February 29 means salaried workers are providing employers with one day of indentured servitude.
A typical annual salary compensates employees for working 261 days each year. A leap year brings that total to 262 working days. A person with a $50,000 annual salary would therefore make $191.57 a day in a normal year, and $190.84 in a leap year — $0.73 less per day.
In leap years, the calculation of your bi-weekly gross is based on 366 days instead of regular 365 days. Your annual salary remains the same whether it is a leap year or not. Your bi-weekly gross changes slightly in the first pay period of a leap year and in the first pay period after the end of a leap year, due to the one day difference.