Pay period
A time frame used to calculate earned wages and determine when employees receive their paychecks. Fixed and most often recurring on a weekly, bi-weekly, semi-monthly, or monthly basis.
The pay period is the regular interval at which employees receive their wages, such as weekly, bi-weekly, or monthly. In construction, managing pay periods effectively is crucial for cash flow management, worker satisfaction, and adherence to labor regulations.
Used in a sentence
The pay period for site workers is bi-weekly, aligning with industry standards and labor agreements.
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