Use Time::HiRes.
From perlfaq8:
How can I sleep() or alarm() for under a second?
If you want finer granularity than the 1 second that the sleep() function provides, the easiest way is to use the select() function as documented in select in perlfunc. Try the Time::HiRes and the BSD::Itimer modules (available from CPAN, and starting from Perl 5.8 Time::HiRes is part of the standard distribution).
A quick googling on "perl high resolution timers" gave a reference to Time::HiRes. Maybe that it what you want.
Time::HiRes:
use Time::HiRes;
Time::HiRes::sleep(0.1); #.1 seconds
Time::HiRes::usleep(1); # 1 microsecond.
system "sleep 0.1";
does the trick.
Source: Stackoverflow.com