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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
EOR and PEO
Stand for employer of record and professional employer organization.
ACH
(Automated Clearing House) or ACH transaction, is an electronic bank to bank money transfer.
HRIS
An HRIS is a Human Resources Information System or Human Capital Management system.
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