What to Look For in an On-Demand Pay Provider
For decades, most workers have been paid on a semi-monthly or bi-weekly basis. But, with workplace and personal financial needs evolving, more and more employers are considering on-demand pay solutions. By reducing the number of days in traditional pay periods, employers provide employees and gig workers access to earned compensation when they need it.
According to a 2020 EY study, 70% of U.S. and U.K. employees experience chronic financial stress, with 35% falling financially short between paydays. Additionally, across 37 developed countries, EY found that 60% of households save less than