Early Wage Access Could Tip The Scales In Worker Recruitment

The Rise Of Digital And Early Access Compensation

With 72% of Americans living paycheck to paycheck, a growing number of employees and gig workers want on-demand access to their earned wages and tips without having to wait for payday. In this month’s “Money Mobility Tracker®,” a collaboration with Ingo Money, PYMNTS examines how early wage access and instant digital tip disbursements can increase worker loyalty and retention.

Inside the November Tracker
  • Ben Mendelsohn, director of product management at Fifth Third Bank, gives the insider perspective on how making direct deposits available faster, regardless of the source, benefits workers of all kinds.
  • With more workers living paycheck to paycheck, having fast access to their hard-earned cash is crucial.
  • Times are tough, and the speed of payments matters. Employee expectations are also changing, and employers must revamp their payroll departments to retain workers.

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