Watch this video for a deep dive into ReadyPay Today and see how Proliant’s solution for on-demand pay (early access to earned wages) will revolutionize how you pay your employees.
On-demand pay, also known as earned wage access or early access to earned wages, gives employees the ability to access their earned wages before payday. It works by pairing the financial technology of the on-demand pay solution with a company’s HR technology. The technology incorporates an app integrated with payroll where employees can gain access to their earned wages whenever they need it. Earned wages are typically deposited via pay cards or directly into an employee’s bank account.
ReadyPay Today is a culmination of decades of payroll knowledge and innovation, resulting in an on-demand pay solution that will be the standard in the industry and can be offered as a perk to your hourly and salary employees. Here are some of the great features that come with ReadyPay Today:
Employees who are more empowered financially tend to be happier and stay longer, saving you hundreds of hours in recruitment, training, and HR processing time.
Immediate access to earned wages incentivizes punctuality and eliminates absenteeism because employees receive direct payment for work done.
Many employees in the United States are living paycheck to paycheck. These employees often need early access to their earned wages to cover emergency expenses.
Kids get sick. People get injured. Life happens. On-demand pay ensures employees can get the financial coverage they need if something were to happen, providing a greater sense of financial security.
(CNBC)
(Associated Press)