Pay Periods

Pay periods are the regular intervals at which employees receive their wages or salaries. They define the specific time span for which hours worked, tasks completed, or income earned are calculated and paid out. Common pay periods include weekly, biweekly (every two weeks), semi-monthly (twice a month), or monthly. Understanding the pay period helps employees know when to expect their paycheck and how their work hours relate to their pay. Employers use pay periods to organize payroll processing, ensuring timely and accurate compensation aligned with employment agreements.