On-Demand Pay Options May Ease Employee Finance Concerns

On-demand pay options may help employees manage financial burdens during the new coronavirus outbreak, a payroll professional said June 3.

“We’re already seeing even greater urgency to deliver on evolving pay demands,” said Belinda Reany, vice president and general manager of the Employee Financial Services Venture at ADP LLC. “Workers now have new concerns around how they get paid.”

The ability to access pay as needed may help employees resolve new health and safety challenges, Reany said at the annual American Payroll Congress, which was held online because of the coronavirus crisis.

Many banks have reduced or stopped in-person operations, ...