Companies offer cash-strapped employees daily pay cards and other flex-pay options as a lifeline

, based in Queens, New York, recently promoted DailyPay on their Twitter as a benefit to their employees. The company, which has about 1,000 full- and part-time home health aides out in the field, has seen an uptick in interest in more flexible pay arrangements — namely, getting paid immediately — amid the current crisis.

What you will see is a shift from a weekly or biweekly payment cycle to a more employee-centric model, moving to daily or on-demand payments and greater flexibility in payment schedules.Initial demand for things such as payroll cards came from lower-income workers who are more likely to be unbanked, or without a bank account. But now younger workers are driving demand as well.

"It won't be one-size-fits-all. What you will see is a shift from a weekly or biweekly payment cycle to a more employee-centric model, moving to daily or on-demand payments and greater flexibility in payment schedules," he said.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Whole Foods fails to offer paid maternity leave, frustrating employees - Business Insider'I can't tell you how many crying mothers I spoke to who were completely shocked by the benefits,' said one former human resources employee.
Source: BusinessInsider - 🏆 729. / 51 Read more »