Hours per pay period is the total number of hours an employee works during a given time frame. This figure can vary depending on the size of the business, its payroll schedule, and any extra time an employee might be clocking in for overtime or paid leave. It’s important to keep this figure as accurate as possible as it directly affects an organization’s costs, operational budgets, and overall productivity. Knowing your hours per pay period is essential to tracking and determining labor costs for a business– so save yourself time and money by keeping your records up-to-date.