Why Payday Could Become a Thing of the Past
In the future, you may not have to wait for payday to collect what you’ve earned
In the future, you may not have to wait for payday to collect what you’ve earned. If that sounds good to you, you’re not alone: According to two recent surveys, more workers say they’d welcome a more flexible approach to getting paid.
In a survey of more than 12,000 people by the American Payroll Association (timed to National Payroll Week earlier this month), nearly a third of respondents said they want to be able to access their pay as they earn it, rather than waiting for a designated payday.
Lisa Sterling, the chief people and culture officer at Ceridian, noted that the rise of the gig economy and other changes in how people work are building demand for such an approach. “Modern employers should accept that the traditional pay period may soon be a thing of the past, with employees wanting more innovative and immediate ways to receive their earned wages,” Sterling said in a news release.
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