A pay period is a recurring length of time over which employee time is recorded and paid. Examples of pay periods are: weekly, bi-weekly, semi-monthly, and monthly.
- A weekly pay period results in 52 paychecks in a year
- A bi-weekly (every other week) pay period results in 26 paychecks in a year
- A semi-monthly (twice a month) pay period results in 24 paychecks in a year
- And a monthly pay period results in 12 paychecks in a year.
