The Rise Of Digital And Early Access Compensation
Early Wage Access Could Tip The Scales In Worker Recruitment
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.