Pay periods

A pay period defines how often employees are paid (pay frequency) and how many regular paychecks they'll receive in a year. An employee's pay frequency will also determine the portion of monthly deductions that are taken from each paycheck.

Types of Pay Periods

Type Pay Frequency # of paychecks in year

Semi-monthly

Twice a month on two specific days of the month, e.g., 15th and 30th.

24 paychecks

Bi-weekly

Every two weeks on a specific day of the week, e.g., every other Friday.

26 paychecks

Weekly

Once a week on a specific day of the week, e.g., each Friday.

52 paychecks

Monthly

Once a month on specific date, e.g., 30th.

12 paychecks

Pay periods define the number of days of work for which each employee is paid on each paycheck.

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