What is on-demand pay?

On-demand pay is a way for people to receive payment for their work as they earn it, rather than waiting for the end of the current payroll cycle. This can be implemented for all employee types and is done without the employer needing to change its payroll cycle. It gives staff more control over their finances and helps them avoid high-interest short-term loans.

How does on-demand pay work?

On-demand pay is usually managed through a dedicated service provider. This gives employees a platform to make requests and get instant access to some of their pay ahead of the normal schedule. Each business can set up its own process for requesting on-demand pay and define its own limits on the amount that staff are able to withdraw.

What are the benefits of on-demand pay?

There are several benefits of pay-on-demand for both employees and employers that make it worthwhile to implement.

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