What do employees receive periodically as part of their compensation?

Employees receive payroll periodically as their regular compensation for the work they perform. This typically includes their salary or hourly wages, which are paid at established intervals such as weekly, biweekly, or monthly. Payroll is essential for ensuring that employees are compensated for their time and effort, and it forms the basis of overall employee earnings.

While other forms of compensation such as bonuses, retirement payments, and severance pay exist, they do not occur on the consistent, periodic basis that payroll does. Bonuses are typically awarded as additional compensation based on performance or company profitability and are not guaranteed or regular like payroll. Retirement payments are usually disbursed after employees retire, and severance pay is provided when an employee is laid off or terminated, which is also not a regular occurrence. Consequently, payroll is the most accurate choice as it represents the ongoing payment structure employees rely on for their immediate compensation.