Pay Period Definition
Pay Period Definition
A pay period is a recurring length of time over which employee time is recorded and paid (e.g., weekly, bi-weekly, semi-monthly, monthly).
What is a Pay Period?
Also known as payroll frequency, pay frequency, payroll period, and payroll schedule. Employers are required to establish a consistent pay period for their employees, and must comply with any additional requirements as determined by their state. Employers try to balance the expense of running payroll with their employees’ preference for frequent paydays.
Related Articles
6 Great Ways to Learn Payroll
What Does Pay Frequency Mean? | How Often to Pay Your Employees