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Definitions from the Web

Pay Periods

Description:

Pay periods refer to the specific duration of time in which an employer calculates and pays their employees. It determines how often employees receive their wages, whether it be weekly, bi-weekly, semi-monthly or monthly.

Senses:

• Noun: A defined period, often of a week or month, during which employees are paid.

Usage:

1. Noun:

Example 1: Our company follows a bi-weekly pay period, with employees receiving their salaries every other Friday.

Example 2: She noticed an error in her paycheck and reported it to the HR department before the end of the pay period.

Related Products:

• Payroll Software
• Payroll Bookkeeping
• Time Clock System