Monthly pay period in days

What Is a Payroll Schedule?

A payroll schedule is a recurring structure that determines how frequently employees are paid and how often payroll is processed.

Payroll schedules are important for a company’s financial planning since it helps manage cash flow, maintain compliance with payroll laws, and ensure employees are paid timely.

Payroll schedule is made up of:

• Pay periods, which are the specific dates employees work that the paycheck covers.
• ‍Pay dates, which are the actual dates employees receive their money.

The Four Common Types of Payroll Schedules

There’s no one-size-fits-all approach to payroll schedules.

Weekly pay period start and end date

Depending on the industry, the company size and the service offered, businesses can consider these four approaches for their payroll calendar:

Weekly Payroll

Weekly payroll is when employees are paid once a week, ideally on the same day.

Generally companies pay their employees every Friday. This is common in industries such as construction, retail and hospitality that hire workers on an hourly

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