The Clearing House - Real-Time Payments Tracker: The Rise of Instant Payroll Payments in 2023 - January 2023 - Traditional payroll practices can lead to late payments to employees. Learn how employers can help workers avoid financial hardship caused by late payroll payments by offering real-time earned wage access

Real-Time Payroll Helps Struggling Workers Avoid Payday Loans

Real-Time Payments Tracker® – The Rise of Instant Payroll Payments in 2023

Almost two-thirds of Americans live paycheck to paycheck, with potential for financial ruin if an unexpected expense occurs outside the traditional pay period. In this month’s “Real-Time Payments Tracker®,” a collaboration with The Clearing House, Oglebay’s Karen Hess tells PYMNTS how offering real-time payroll to the resort’s employees helps bridge financial gaps and boosts retention.

Inside the January Tracker

  • Karen Hess, vice president of human resources at Oglebay, explains how instant payroll has significantly improved the resort’s employees’ quality of life
  • Why seven out of 10 middle-market companies are offering instant payroll to some employees, and another 24% are planning to implement it in the near future
  • The EU’s recent proposal forcing banks to provide 24/7 free instant payments, and the banks’ concerns about the high cost of doing so

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