There are four main types of pay periods:
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Weekly: Employees are paid once a week, typically on Friday.
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Biweekly: Employees are paid every two weeks, on a specific day of the week.
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Semimonthly: Employees are paid twice a month, on specific dates.
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Monthly: Employees are paid once a month, on a specific day.
These pay periods offer flexibility to accommodate various payroll scheduling needs, allowing you to choose the one that best suits your organization and employees.