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.
How does a weekly pay period work?
A weekly pay period consists of 52 total 1-week pay periods. For a full-time employee, each pay period generally consists of a 40-hour work week. Weekly is the preferred pay period cycle for most trade (hourly) workers because they are paid on a weekly basis and this helps with cash flow and budgeting.
Is it better to get paid every week or every two weeks?
With monthly pay periods, the first and last week of the month are often partial weeks, which can complicate your calculations. Weekly pay periods also make it easier to know when time cards or time reports are due. The due date remains the same every week since you run payroll on the same day each week.
Do you get taxed more if you get paid weekly?
Your employer does not withhold a greater amount of your paycheck when you get paid weekly, although he does withhold payroll taxes more frequently than if you were paid biweekly. Tax withholding on a weekly paycheck is smaller than on a biweekly paycheck, but these tax deductions ultimately add up to the same amount.
Do you get paid your first week of work?
When you receive your first paycheck depends on the timing of the company’s payroll and when you start employment. Most employers pay their employees on a weekly or biweekly (every other week) basis. At the latest, you should be paid by the company’s regular pay date for the first pay period that you worked.