On-Demand Pay Broadens Workers’ Financial Well-Being

In a world where 4 in 10 Americans can’t cover an unexpected expense of $400 and workers are quitting their jobs at higher rates than at any other time on record, HR managers are searching for tools that both encourage worker retention and improve employees’ ability to better control their finances. Several firms are adopting services that support on-demand pay for earned wages, a type of payment system that promises to disrupt traditional weekly, biweekly and monthly payment schedules.
Source: New feed 2