First, check federal and state laws, as some states may have payday schedules for specific types of employees. Next, take a look at the payroll frequencies that best fit your business and workers—the most common options are biweekly, weekly, semimonthly, and monthly. It is also important to set up a payroll calendar and identify the different pay periods so you know when to start calculating payroll and when employees should expect to receive their pay. For example, hourly workers paid on a biweekly basis will receive their pay every two weeks, whereas employees on a semimonthly payroll will get their salaries every 15th and end of the month.