The Rise of Instant Payroll Payments in 2023

Real-Time Payroll Helps Struggling Workers Avoid Payday Loans 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