Running Payroll
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      1. Corfix Guide
      2. Corfix Payroll
      3. Running Payroll

      Payroll Frequency Options

      Finding the Right Fit

      Choosing the right payroll frequency is an important decision for your business. It affects not only payroll processing timelines but also employee satisfaction and cash flow management. Below is an overview of the four standard payroll frequencies supported by the system.

      Bi-Weekly Payroll

      • Frequency - Every two weeks (26 times a year)

      • Details - Employees are paid every two weeks, typically on the same day of the week (e.g., every other Friday). The pay period span is 14 days.

      • Popularity - Bi-weekly is one of the most common payroll frequencies. It strikes a balance between frequent payments and administrative efficiency. Common in retail, healthcare, and manufacturing.

      Weekly Payroll

      • Frequency - Every week (52 times a year)

      • Details - Employees are paid once a week (on a consistent day weekly). The pay period span is 7 days.

      • Overview- Popular in industries with hourly or contract workers such as construction, hospitality, and staffing. Weekly payroll offers employees quick access to earnings, which can improve financial flexibility.

      Semi-Monthly Payroll

      • Frequency: Twice a month (24 times a year)

      • Details: Employees are paid twice a month, typically on the 1st and 15th or the 15th and last day of the month.

      • Overview: Ideal for salaried employees. Semi-monthly schedules reduce payroll processing volume while providing more frequent pay than monthly. Common in office and administrative settings.

      Monthly Payroll

      • Frequency - Once a month (12 times a year)

      • Details: Employees are paid one full calendar month, usually at the end of the month.

      • Overview: Less common, but sometimes used by small businesses or for executive-level staff. Monthly payroll requires less administrative effort but may necessitate employees managing longer budgeting periods.

      Choosing the Right Frequency

      When selecting a payroll schedule, consider:

      • Cash flow requirements of your business

      • Administrative workload for payroll processing

      • Employee preferences for payment timing

      • Industry norms or union requirements (if applicable)

      You can set your payroll frequency when configuring your payroll schedule—and update it as your business evolves.

      Disclaimer: This article is not intended to provide tax, legal, benefits, financial, or HR advice. Since laws and regulations are subject to change and may differ by location, please consult a legal or HR professional for personalized guidance.