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Untangling the knots of on-demand pay

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Michelle Pena

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in Centerpiece,Compensation and Benefits,Human Resources

On-demand pay started with Uber drivers. But Uber drivers are for the most part independent contractors who can negotiate a payment schedule with the service recipient. Employees traditionally have never had that power. That seems to be changing, as some employers are embracing on-demand pay.

Three on-demand pay leaders—(1) Jason Lee, Cofounder and CEO of Daily Pay; (2) Craig Lewis, Founder and CEO of Gig Wage; and (3) Chris Ruppel, General Manager, Wage and Corporate Disbursements at Green Dot Corp.—participated in a panel discussion concerning on-demand pay at the American Payroll Association’s Annual Congress.

What is it?

There is no one model for on-demand pay. Essentially, it’s an umbrella definition. It’s not necessarily a loan, though it might be. And it’s not a pay advance. In short, on-demand pay allows employees to access some of their accrued pay for a fee. Think of it as a micropayment.

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