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What Is On-Demand Pay?

September 12, 2019

Via: HR Hero

Our society is moving toward giving people what they want, when they want it. Bill payments, movies, rides, financial services, and more can all be done with apps, and most are available nearly immediately. It may come as no surprise, then, that employers are following suit by offering on-demand pay so employees have more say in when they are paid rather than sticking with a rigid pay schedule.

On-demand pay is exactly what it sounds like—a way for employers to allow employees to access their pay on demand instead of waiting for the standard payday. On-demand pay is often implemented through a third-party app, coordinated by a payroll provider, to give employees early access to wages earned.

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