Bloomberg Tax
June 8, 2020, 5:50 PM

On-Demand Pay, a Trend That Is Here to Stay, Panelists Say

Jeffrey Rothholz
Jeffrey Rothholz

More employers are considering earned wage access as a benefit for employees, many of whom want greater flexibility in how they are paid, a panel of industry experts said June 5.

About 25% of payroll professionals said in recent surveys that on-demand pay is a must-have solution for improving the employee experience, which is a top priority in 2020, said Jamie Phillips, a health-care account executive at Kronos Inc. A 2018 survey found that on-demand pay was favored by 10% of respondents.

Phillips moderated a panel of experts ...

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