On-demand pay is a new and growing benefit category that allows employees to access wages they’ve already worked for but that haven’t been paid out yet — without the employer needing to front the capital. This service doesn’t require any changes to employer payroll; all funds are advanced and collected by Clair, a third-party provider.
Pay on Demand is easy to use and fits right into your existing processes:
1. Employees simply switch their direct deposit account to Clair.
2. Clair offers free wage advances to employees at the end of each shift.
3. Requested advances are transferred to the Clair account and can be used immediately with a Clair Debit Mastercard®.
4. Advances are deducted once employees receive their paycheck.
The service is free for employers and doesn’t charge employees for wage advances.
Pay on Demand works seamlessly alongside payroll and doesn’t require any adjustments to your current system. Clair provides wage advances to employees based on time and attendance data.
Free wage advances provide employees with greater liquidity and improved financial health
The digital bank account and debit card are a crucial help to unbanked or underbanked employees
Employees can pay for emergency expenses without having to borrow from predatory, high-interest payday lenders
Offering Pay on Demand helps you become an employer of choice and enjoy benefits in several key areas. Many copmanies saw an increas in work productivity and savings in hiring, training, recruiting, along with a decrease in payroll expenses.
of employee users improve their job performance
increase in job applicants
increase in working capital by moving to biweekly payroll
Set up a time to discover how you can become an employer of choice with Pay on Demand.
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