“Dayforce On-Demand Pay provides organizations with more choice over how and when to pay their employees, helping to reduce the administrative effort by providing automated approvals for requests. It is the first pay solution of its kind to be offered within a complete HCM solution. Employees can access their earned wages during the active pay cycle, which means they do not have to wait until fixed paydays to use what they have earned. This helps employees manage unexpected expenses, offering them peace of mind and financial flexibility, so they can bring their most productive selves to work.”
Reduce financial stress and anxiety with on demand pay, so employees focus on doing great work, not when they will be paid next.
Attract and retain employees by providing the financial flexibility and wellness they need to perform their best
Alleviate employee financial burdens and help reduce the number of work absences by offering financial flexibility
Employees can request a payout of their earned wages at any point during the pay cycle, including evenings, weekends and holidays, directly from their mobile device. Notifications are sent to employees when funds have been deposited and are available for withdrawal.
On Demand Pay uses continuous calculations so requests are based on actual earnings, not predictions. Net pay is consistently kept up-to-date which helps to reduce the risk of overpayment. This enables you to pay your employees accurately and when they need it.
Payroll administrators can easily set controls over various functions for on-demand requests. Limitations can be set according to your specific business rules, such as minimum and maximum request amounts, the number of requests per day, and the timing of the request to help minimize abuse of the feature.