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Updated on September 16, 2022
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.
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.
“I kept forgetting to submit my travel expenses, so now I’ll have to wait until the next pay period to get reimbursed.”
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