Why companies are offering employees early access to their paychecks

  • 📰 CNN Philippines
  • ⏱ Reading Time:
  • 61 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 28%
  • Publisher: 63%

ประเทศไทย ข่าว ข่าว

ประเทศไทย ข่าวล่าสุด,ประเทศไทย หัวข้อข่าว

'The pandemic has accelerated many existing economic trends and the demand from employees for these financial tools is certainly among them,' said Luke Pardue, an economist at payroll and benefits firm Gusto.

Ethel Lawrence normally doesn't have a hard time covering her expenses. But when her husband was prescribed a new medication that cost almost $400 a month, she was in shock.

"The pandemic has accelerated many existing economic trends and the demand from employees for these financial tools is certainly among them," said Luke Pardue, an economist at payroll and benefits firm Gusto. "On-demand pay became an opportunity for individuals who were working more sporadic shifts that needed access to their cash and couldn't afford to wait for the standard pay cycle to complete," said Tom Hammond, vice president of corporate strategy and product management at Paychex. He added that usage has increased recently in the retail, restaurant and home health care industries.

PayPal started offering its US employees early access to wages last fall through on-demand pay app Even, a company it also invests in. According to Paypal, the use of on-demand pay and the budgeting tools in the app is higher among its hourly workers than salaries workers. "[Companies] have to be competitive and have to offer market-leading benefits and value proposition to employees they're recruiting," said Seth Ross, general manager of Dayforce Wallet, a program from human capital management software firm Ceridian that allows early access to pay.

 

ขอบคุณสำหรับความคิดเห็นของคุณ ความคิดเห็นของคุณจะถูกเผยแพร่หลังจากได้รับการตรวจสอบแล้ว
เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:

 /  🏆 13. in TH

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว