Independent payroll-schedule reference · Updated July 2026 Methodology · Submit a correction
Pay frequency

Monthly payroll schedules

A monthly payroll schedule pays employees once per calendar month, usually on the last business day. Monthly is uncommon in U.S. corporate payroll and is generally reserved for executive compensation, sales commissions, and certain expatriate assignments. Federal law in some states limits how widely monthly payroll can be applied to non-exempt staff.

0
Employers
12
Paychecks/year
the last business day of the month
Typical payday

How Monthly payroll works

A monthly payroll schedule pays employees once per calendar month, usually on the last business day. Monthly is uncommon in U.S. corporate payroll and is generally reserved for executive compensation, sales commissions, and certain expatriate assignments. Federal law in some states limits how widely monthly payroll can be applied to non-exempt staff.

For employees, the practical implication is straightforward: 12 paychecks per year, with the gross divided across 12 equal periods. The standard payday lands on the last business day of the month. Use the pay schedule calculator to model the per-check amount against any annual salary.

Sectors most likely to pay monthly

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