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Off-cycle payment
"Off cycles", occur when payments are processed outside of the regular payroll cycle.
Off-cycle payments, or "off cycles", occur when payments are processed outside of the regular payroll cycle. Bonuses and commissions sometimes fall in off-cycle payments; retroactive pay increases can also be done off-cycle. A final check for a terminated employee may be processed off-cycle as well.
Related Glossaries
ACH
(Automated Clearing House) or ACH transaction, is an electronic bank to bank money transfer.
Remote-first organization
Remote-first is an organizational strategy that makes working remotely the primary option.
Statutory Costs
Statutory costs are those that are required by statute in any given country.
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