Improved technology and positive employee experiences have created the demand for a modern pay experience. On-demand pay, salary payments via mobile apps, and the instant withdrawal of earned wages are replacing the bi-weekly pay cycle and payslips, says John Pearce of CloudPay.
According to a recent Everest Group report, today’s workforce truly believes it deserves access to the wages it has already earned. They also prioritize financial wellness and don’t want unexpected expenses to throw them into debt.
