Ingo Money - Money Mobility Tracker®: The Rise Of Digital And Early Access Competition - November 2022 - Discover the value of early wage access for reducing employee turnover, fostering employee and customer loyalty and helping consumers hold their own against inflation

Early Wage Access Could Tip The Scales In Worker Recruitment

The Rise Of Digital And Early Access Compensation

With 72% of Americans living paycheck to paycheck, a growing number of employees and gig workers want on-demand access to their earned wages and tips without having to wait for payday. In this month’s “Money Mobility Tracker®,” a collaboration with Ingo Money, PYMNTS examines how early wage access and instant digital tip disbursements can increase worker loyalty and retention.

Inside the November Tracker

  • Ben Mendelsohn, director of product management at Fifth Third Bank, gives the insider perspective on how making direct deposits available faster, regardless of the source, benefits workers of all kinds.
  • With more workers living paycheck to paycheck, having fast access to their hard-earned cash is crucial.
  • Times are tough, and the speed of payments matters. Employee expectations are also changing, and employers must revamp their payroll departments to retain workers.

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