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hi my name is heather landau and im the payroll specialist and staff writer for fit small business this video is going to teach you all about pay periods what is a pay period and why is it important for your small business be sure to like and subscribe for more if youre watching this video on youtube you can click on our article in the description box below that covers this information a pay period is the time over which employees work and are paid employers set regular pay periods to ensure that their employees receive consistent paychecks pay periods are usually based on labor laws or different patterns within your business or your industry its also important to note that many states have regulations regarding how often employees need to be paid for specific details regarding state pay period laws check out our state payroll directory linked in the description box below we cover all relevant payroll laws hr regulations and nuances for all 50 states that small business owners need