Introduction

On-demand pay, also known as early wage access, is a 21st century phenomenon.  Allowing employees to receive a portion of their earned wages in advance, as opposed to receiving the entire amount on a designated payday, is changing payroll practice all over the country.  What is payroll’s role in defining and creating best practice in this new area?  What are the challenges of meeting a demand that mirrors our “instant gratification” society.  Order an item online?  Have it delivered by tomorrow.  Order food from a local restaurant?  It will be delivered within an hour.  Want to be paid?  That should be available on demand too, right?  We’ll look at current practice as well as questions for the future of Early Wage Access (EWA). The webinar will help attendees determine if the process is appropriate for their company.

On-demand pay is becoming a more important issue for many employers.  Employees request that a portion of their pay be paid to them as soon as it is earned, as opposed to receiving 100% of their pay due on their scheduled payday.  Attending this webinar will give the attendees information about the types of EWA, which is most advantageous for their company and raise some of the questions that will need to be legislated or otherwise answered in order to process the administration of EWA.  We’ll also look at some the pros and cons, as well as current legislative efforts to get a handle on a growing phenomenon.

Areas Covered In The Webinar

• Assessing the need for EWA-is it a fit for my company?
• How will it help or hurt my employer to offer EWA?
• Available methods of providing on-demand pay or EWA
• Questions to be asked prior to deployment of an EWA program
• Looking at voluntary deductions-how are they handled?
• Legislative actions – Federal and State
• What is constructive receipt and how does it affect EWA?

Why should you attend?

Do you believe in instant gratification?  Are you involved in the “gig” economy?  If you answered yes to either of those questions, you are probably already involved in EWA.  “Early Wage Access” is a way for workers to receive pay for hours already worked prior to a regularly scheduled payday.  Perhaps there’s an emergency and an employee needs immediate cash.  Many workers live paycheck to paycheck, and a cash shortfall can cause serious damage to their day-to-day lives.  If you have part-time hourly, or minimum wage employees or any other type of employment, you may be faced with this issue soon.  Perhaps you have tipped employees and you’d like to manage the tip process differently.  Regardless, this webinar will give you insight into this new payroll area.

Who Will Benefit

• Payroll teams
• Finance managers
• Shared Service Managers