The top concerns for companies considering on-demand pay are the upfront capital needed for payroll and its effect on the general ledger and payroll taxes.
Record-high numbers of people are leaving their current jobs, with businesses operating with hourly employees being hit particularly hard by the trend.
This scenario wasn't caused by one thing but rather an amalgamation of factors. For one, the ongoing health crisis put many hourly employees on the frontlines, causing stress and concerns over their health and well-being. At the same time, a growing number of hourly employees are up against financial hardships.
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