The average pay period is the exact time frame in which an employer pays their employees. It usually covers a monthly, bi-weekly, or weekly interval and can encompass bonuses, pay increases, and salary adjustments for the current period. For example, if you are paid bi-weekly, your average pay period would be two weeks. The average pay period helps employers to ensure that employees receive fair and timely wages for their work. It also helps them to budget their finances more accurately. By establishing a regular payment schedule, employers can ensure that payroll taxes are calculated properly and all payroll-related paperwork is filed on time.