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Heather Landau, a payroll specialist at Fit Small Business, explains the importance of pay periods in this video. Pay periods are the time over which employees work and are paid, with employers setting regular pay periods to ensure consistent paychecks. These periods are often based on labor laws or specific patterns within a business. It is crucial to be aware of state regulations on pay periods, as many states have rules on how often employees must be paid. For in-depth information on state pay period laws, check out their State Payroll Directory for all 50 states, covering payroll laws, HR regulations, and small business owner needs. Like and subscribe for more content.