On Demand Pay Benefits
On demand pay benefits employers and employees alike, especially those working in retail, hospitality, and food service. Although paying your employees by an on-demand cadence might seem complicated, employing this valuable functionality is easier than you might think. Evelyn McMullen, research manager at Nucleus, shares research insights on the benefits of on demand pay, and how you can successfully implement it.
Time Stamps
00:00 Skye Schooley introduces Evelyn McMullen
00:26 What is on-demand pay?
00:37 Evelyn McMullen, research manager at Nucleus, explains how on-demand pay works for employers and employees.
01:28 What are the benefits of on-demand pay?
01:35 McMullen shares research insights about the benefits of on-demand pay.
02:37 What are the challenges associated with on-demand pay?
02:49 McMullen lists anticipated challenges that were prevalent when on-demand pay was a newer resource.
03:26 How can businesses overcome potential challenges of on-demand pay?
03:33 McMullen explains the importance of communication.
03:46 How can a business implement on-demand pay?
03:56 McMullen offers final thoughts on how to successfully implement on-demand pay.
"On demand pay," aptly named, is a form of payment that permits employees to access their wages as soon as they earn them. Offering your employees the option of on-demand pay not only benefits them, but it can also benefit your business. Skye Schooley, staff writer of business.com, interviews Evelyn McMullen, research manager at Nucleus, to learn just what exactly those benefits are and how you can take advantage of them.
Skye Schooley is a staff writer for business.com.
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