While paying employees biweekly or semimonthly may be standard practice, it’s time to analyze whom that schedule truly benefits. When employees are not paid immediately for their labor, they are essentially giving their employer a loan for the entire duration of the pay period. And while this schedule may reduce[...]
on-demand pay, #dailypay, #financialwellness, #dailypaynation
voluntary benefits, #dailypay, #dailypaynation
We recently reached out to our employees to ask then for their 2020 #dailypay industry predictions. Their predictions are interesting and insightful; employers need to heed the demands of their workforces for this benefit, or risk the consequences.
#dailypay, #financialwellness, #payexperience, #employeeengagement, #futureofwork, #dailypaynation, #fintech
2019 was a year of awakening for the #dailypay benefit — a year when three distinct groups awakened to this life-altering benefit and industry. Here is my take on 2019 and my prediction of what's to come in 2020
neo-payday lenders, #dailypaynation, future of work, payroll-advance apps
For the last 50 years, payroll has been a business-as-usual, set-in-stone, mechanical process that takes place on a predictable weekly, biweekly, semimonthly or monthly schedule. Workers, without any savings, who had an emergency or a bill due outside of the normal pay cycle have been forced to endure late and[...]