Pay Period

Glossary \ Payroll Terms

Published On: Thursday July 23, 2020 04:29 AM

A pay period is a recurring length of time over which employee pay is recorded and paid. Some common pay periods are monthly, weekly, bi-weekly (every other week) and semi-monthly (twice a month). A weekly pay period results in 52 pay periods in a year. A bi-weekly pay period results in 26 pay periods in a year, while semi-monthly pay results in 24 pay periods in a year. The difference is important in computing total pay for employees for a year. In some years, there could be an extra 27th pay period, because of the way the weeks fall at the end of the year.

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