Our research shows that 80% of employees are regularly stressed about their finances. On-demand pay, a feature of Dayforce Wallet, provides you with more flexibility over how and when to pay your employees. Eligible employees can access their earned wages during the active pay cycle, which means they do not have to wait for a fixed pay day to use what they have earned.The requested funds are conveniently deposited to a paycard, the Dayforce Prepaid Mastercard®, for convenient use. Employees can better manage unexpected expenses and have more financial flexibility, so they can be more productive and engaged at work.
Show employees you value them by prioritizing their overall wellness by helping to minimize financial stress.
Differentiate your organization as a company that prioritizes employee wellness to better compete for top talent.
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. Since they’re notified when funds have been deposited and are available, you also minimize reliance on administrators.
Because On-demand pay uses current, real-time data, requests are based on actual earnings, not predictions. Net pay is kept up-to-date, helping reduce the risk of overpayment, while employees can better manage expenses and minimize financial stress.