A payroll cycle is the frequency with which an organization processes payroll for its employees. It is the time between two consecutive payroll runs. Payroll cycles can vary, with common frequencies including weekly, bi-weekly (every two weeks), semi-monthly (twice a month), and monthly. The specific payroll cycle for an organization depends on its policies, the laws of the country, and the employment agreement between the employer and employee. The payroll cycle determines the frequency with which employees receive their pay and the frequency with which the organization must calculate and process payroll.