A payroll schedule distributing employee wages twice a month, typically on fixed dates such as the 15th and the last day of the month, governs compensation in many organizations. For example, a business might pay employees on the 15th and the 30th of each month. Variations exist, with some companies choosing different recurring dates.
This structured approach provides employees with predictable income, facilitating budgeting and financial planning. It also simplifies accounting processes for businesses, enabling consistent tracking of payroll expenses. Historically, the rise of regular payroll schedules mirrored the development of more complex economies and labor practices, reflecting the need for standardized and reliable payment systems.