Workforce Tip of the Week, sponsored by Spectrum Employee Services: On-demand pay as a key recruiting tool

In a post-COVID world, employers are scurrying to rehire laid off and furloughed workers, often from the same labor pool. So offering an on-demand pay benefit that provides the opportunity to receive one’s earned pay on Day 1 (especially when a worker has been unemployed for months and the federal unemployment benefit has dried up) is a good recruiting tool. Having to wait a week, two weeks, or even a month for the first paycheck is simply unfathomable. Offering an on-demand pay benefit has become a strategic differentiator for employers, and according to a recent DailyPay survey, 1 in 6 respondents applied to their current job because it offered DailyPay. To learn more, check out our Blog.