Definitive guide to Explaining Paydates

Types of Pay

Types of Employee Pay type, each have sub divisions:

  1. Salary Employee :
    • Daily
    • Bi-Monthly
    • Monthly
    • Yearly
  2. Hourly Employee :
    • Weekly
    • Bi-Weekly

Date Definitions

Hourly or Salary employee

Hired Date:  The day you got the job at your current company.   This is used to calculate your Year To Date (YTD).

Start Date:  

Pay Period Start Date:  The day that your pay period starts, which depends on your company.

  • Weekly - is usually a Monday, but not mandatory
  • Bi-Weekly - is every other Monday, but not mandatory
  • Monthly - first day of month, no matter which "day" it is.

Pay Period End Date:   The last day of the pay period.

  • Weekly -
  • Bi-Weekly -
  • Bi-Monthly -
  • Monthly -

Pay Date:  The day that you actually receive the funds, either Check, or mail, direct deposit, or Cash.   Usually this date falls on the day after your pay period or,  the beggining of the next pay period.   But, this depends on the HR team at your place of employment.

  • June 2020

    Hired

  • July 5, 2021

    Pay Period Start Date

    July 5, 2021

  • July 11, 2021

    Pay Period End Date

  • July 11, 2021

    Pay Period PAY DATE

    This is when you get the money

    July 11, 2021