Definition of Pay Period | Payroll Frequency in Business

Payroll Definitions

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Pay Period Definition

Pay Period Definition

A pay period is a recurring length of time over which employee time is recorded and paid (e.g., weekly, bi-weekly, semi-monthly, monthly).

What is a Pay Period?

Also known as payroll frequency, pay frequency, payroll period, and payroll schedule. Employers are required to establish a consistent pay period for their employees, and must comply with any additional requirements as determined by their state. Employers try to balance the expense of running payroll with their employees’ preference for frequent paydays.

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