According to Gartner Research, 20% of employers with majority hourly workforces will offer on-demand pay by the end of 2022. Three out of the four largest employers in the US already do. However, companies rushing on the on-demand pay bandwagon need to be mindful about their approach. That’s because offering this alone is not enough to boost retention and could make employees dependent on early pay. What does the research say about the impact of on-demand pay on employee retention, productivity, and financial health? How can employers ensure that it benefits their bottom line and builds a more resilient workforce?
From Day One is a Recertification Provider for SHRM and HRCI. This session is eligible for 1 PDC. The Activity ID will be sent to attendees after the conclusion of the session.
This session is hosted by the From Day One editorial team and moderated by Lydia Dishman, contributing editor at Fast Company, with support from Even.