On Demand Pay: Is it for You?

On-demand pay, also known as early wage access, is a 21st-century phenomenon. Allowing employees to receive a portion of their earned wages in advance, as opposed to receiving the entire amount on a designated payday, is changing payroll practices all over the country. What is payroll’s role in defining and creating best practices in this new area? What are the challenges of meeting a demand that mirrors our “instant gratification” society?  Order an item online? Have it delivered by tomorrow? Order food from a local restaurant? It will be delivered within an hour. Want to be paid? That should be available on demand too, right? We’ll look at current practice as well as questions for the future of Early Wage Access (EWA). The webinar will help attendees determine if the process is appropriate for their company.

WHY SHOULD YOU ATTEND?

On-demand pay is becoming a progressively more important issue for many employers. Employees request that a portion of their pay be paid to them as soon as it is earned, as opposed to receiving 100% of their pay due on payday. Attending this webinar will give the attendees information about the types of EWA, which is most advantageous for their company, and raise some of the questions that will need to be legislated or otherwise answered in order to process the administration of EWA. Regardless of the size of your company, you’ll be able to learn something about this new trend by taking this webinar!

LEARNING OBJECTIVES

• Assessing the need for EWA-is it a fit for my company
• How will it help or hurt my employer to offer EWA
• Available methods of providing on-demand pay or EWA
• Questions to be asked prior to deployment of an EWA program
• Looking at voluntary deductions-how are they handled
• Legislative actions – Federal and State
• What is a constructive receipt and how does it affect EWA

WHO WILL BENEFIT?

• Payroll Associate
• Payroll Analyst
• Payroll Supervisor
• Finance Manager
• Shared Services Manager