Skip to end of table of contentsTable of ContentsWhat is a Pay Period? And How Do They Work? Example 2024 Payroll ScheduleHow Do I Choose the Best Pay Period for My Company?The Pros and Cons of Different Pay Periods FAQs About Pay PeriodsLet Employees Choose Their Own Pay Period With On Demand PayPay periods are a crucial aspect of payroll management that can greatly impact both employees and employers.For payroll specialists, understanding the different types of pay periods, their pros and cons, and how to implement them effectively can help ensure compliance with labor laws and regulations, improve cash flow management, and foster positive relationships with employees.In this guide, we’ll explore the various pay periods employers use and provide insights into the benefits and challenges associated with each. Whether you're a seasoned payroll professional or just starting in the field, this essential information will help you make informed decisions when it comes to setting and managi...
