Pay period definition and meaning
A pay period is one of multiple equivalent and repeating spans of time – most commonly a week, two weeks, or month – that is used to calculate a worker’s incremental earnings throughout the year.
More about pay periods
Choosing a pay period also decides how often your employees will get paid. A weekly pay period will mean 52 paychecks per year. A bi-weekly pay period would mean a paycheck every two weeks, for 26 paychecks in a year. A monthly pay period will mean 12 paychecks each year.
