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Global Work Glossary

Lost in a maze of global employment jargon? Find your way out with our handy collection of work and HR terminology

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Payroll cycle

What is a payroll cycle?

A payroll cycle is the schedule set by an employer to process and pay employees. This will determine how often employers receive their compensation. For example, a common payroll cycle is bi-weekly; this means that every two weeks, HR teams or third-party providers will calculate how much an employee has earned and pay them. They will also generate payslips, calculate taxes and benefits, and store the relevant records for compliance

The other common payroll cycle lengths are monthly, weekly, and semi-monthly which occur on two dates in the month (typically the 15th and 30th). Employers can typically choose how to run their payroll cycles. However, some countries have regulations around when employees need to receive payment and these have to be adhered to.

To set up a payroll cycle, employers need to enter employee details and hours worked into their system. They’ll also need to deduct taxes and benefits before processing payment. An HR solution such as Multiplier can streamline the process by automating these calculations and payment processing. It can also provide guidance on the length of the payroll cycle based on the labor laws where your team is operating.

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