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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
BIC
BIC stands for Bank Identifier Code.
Compliance
Compliance exists to ensure that banks operate with integrity.
Unlimited PTO
Allows employees to use fully paid unlimited leave.
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