What is on-demand pay?

On-Demand Pay is an HR technology that allows staff to access some of their earned income before payday.

Does it impact the employer’s cashflow?

No. The On-Demand Pay provider sources the funds, which they reclaim on payday. 

What does it mean to be paid on-demand? 

It means you can access a defined portion of your wages once you’ve earned them, rather than having to wait until payday.

What are the cons of daily pay? 

On-Demand Pay is better for employees as it gives them an alternative to debt however, there is often a cost to the employer for providing the service. This cost must be weighed against the benefits. 

Can I access my wages early? 

Only if your employer has signed up for an On-Demand Pay scheme. It is impossible to access your wages early without involving your employer. 

How long does on-demand pay take? 

Once you request your income on-demand,  it is usually in your bank account within 2 minutes. 

How do you get paid before payday?

You need your employer to sign-up to an On-Demand Pay Scheme, which would then grant you access to some of your earned wages ‘early’. 

Should I offer on-demand pay to my staff? 

On-Demand Pay is offered by many large employers and has many benefits, however, it is always advisable to talk to an on-demand pay expert to understand how it could work for your business and employees specifically.