www.toolbox.com
Open in
urlscan Pro
45.60.13.212
Public Scan
Submitted URL: https://t.sidekickopen13.com/s3t/c/5/f18dQhb0S7kF8bGqJQW27Rw3m59hl3kW7_k2841CX6NGW35Qwt34M0LpTW4PCG562z50PR101?te=W3R5hFj4cm2...
Effective URL: https://www.toolbox.com/hr/benefits-compensation/guest-article/how-faster-payments-are-impacting-the-future-of-work/
Submission: On January 04 via api from US — Scanned from DE
Effective URL: https://www.toolbox.com/hr/benefits-compensation/guest-article/how-faster-payments-are-impacting-the-future-of-work/
Submission: On January 04 via api from US — Scanned from DE
Form analysis 9 forms found in the DOM
GET https://www.toolbox.com/
<form method="get" class="searchform" action="https://www.toolbox.com/">
<input type="text" name="s" class="gp-search-bar abc" placeholder="What are you looking for?"> <button type="submit" class="gp-search-submit"></button>
</form>GET https://www.toolbox.com/
<form method="get" class="searchform" action="https://www.toolbox.com/">
<input type="text" name="s" class="gp-search-bar abc" placeholder="What are you looking for?"> <button type="submit" class="gp-search-submit"></button>
</form>Name: loginform — POST https://www.toolbox.com
<form name="loginform" class="gp-login-form validate-sign-up-form" action="https://www.toolbox.com" method="post">
<input type="hidden" name="social_login_user" value="0">
<div class="gp-login-content pad-top-0px">
<div class="gp-social-login">
<div class="topics-section">
<div class="topic-title">
<span class="col-md-5 col-sm-12 col-xs-12 margn-left-0px">Newsletter Topics</span>
<span class="col-md-6 col-sm-12 col-xs-12 topic-validation-pref margn-left-0px">
<svg class="info-icon margn-left-0px" xmlns="http://www.w3.org/2000/svg" width="18" height="18" viewBox="0 0 16 16">
<path id="Icon_material-info" data-name="Icon material-info" d="M11,3a8,8,0,1,0,8,8A8,8,0,0,0,11,3Zm.8,12H10.2V10.2h1.6Zm0-6.4H10.2V7h1.6Z" transform="translate(-3 -3)" fill="#BB2A06"></path>
</svg>
<span class="error-msg">Select minimum 1 topic</span>
</span>
</div>
<div class="checkbox-validation-pref">
<div class="col-md-3 col-sm-4 col-xs-4 font-size div-width-1">
<div>
<input type="checkbox" id="interest-toolbox-updates" name="interest-toolbox-updates[]" value="business"> Business
</div>
</div>
<div class="col-md-3 col-sm-4 col-xs-4 font-size div-width-2">
<div>
<input type="checkbox" id="interest-toolbox-updates" name="interest-toolbox-updates[]" value="tech"> Tech
</div>
</div>
<div class="col-md-3 col-sm-4 col-xs-4 font-size div-width-3">
<div>
<input type="checkbox" id="interest-toolbox-updates" name="interest-toolbox-updates[]" value="marketing"> Marketing
</div>
</div>
<div class="col-md-3 col-sm-4 col-xs-4 font-size div-width-4">
<div>
<input type="checkbox" id="interest-toolbox-updates" name="interest-toolbox-updates[]" value="hr" checked=""> HR
</div>
</div>
</div>
</div>
</div>
<p class="gp-login-results email-login-results social-err-btm-mrgn" style="color:#BB2A06" data-verify="Verifying...">
</p>
<div class="col-md-5 col-sm-12 col-xs-12 cta-btn1">
<input type="submit" id="subscribe-submit" name="wp-submit" class="wp-submit" tabindex="0" value="Subscribe">
</div>
<!-- <div class="col-md-7 col-sm-12 col-xs-12 cta-btn2">
<svg class="info-icon" xmlns="http://www.w3.org/2000/svg" width="18" height="18" viewBox="0 0 16 16"> <path id="Icon_material-info" data-name="Icon material-info" d="M11,3a8,8,0,1,0,8,8A8,8,0,0,0,11,3Zm.8,12H10.2V10.2h1.6Zm0-6.4H10.2V7h1.6Z" transform="translate(-3 -3)" fill="#45801F"/> </svg>
<span class="per-week-txt">You'll receive 2 email(s) per week</span>
</div> -->
</div>
<div class="col-md-12 register-pp">
<p class="tb-pp-text" style="font-size: 14px !important;"> Newsletters may contain advertising. You can unsubscribe at any time. </p>
</div>
</form>Name: loginform1 — POST
<form name="loginform1" class="gp-login-form1" action="" method="post">
<div class="gp-login-content1">
<div class="gp-social-login1">
<div class="gp-social-login2">
<script type="rocketlazyloadscript"> jQuery(".mo_btn-mo").prop("disabled",false);
</script>
<script type="rocketlazyloadscript" data-rocket-type="text/javascript"> jQuery(document).ready(function () {
jQuery(".login-button").css("cursor", "pointer");
});
function mo_openid_on_consent_change(checkbox){
if (! checkbox.checked) {
jQuery('#mo_openid_consent_checkbox').val(1);
jQuery(".mo_btn-mo").attr("disabled", true);
jQuery(".login-button").addClass("dis");
} else {
jQuery('#mo_openid_consent_checkbox').val(0);
jQuery(".mo_btn-mo").attr("disabled", false);
jQuery(".login-button").removeClass("dis");
}
}
var perfEntries = performance.getEntriesByType("navigation");
if (perfEntries[0].type === "back_forward") {
location.reload(true);
}
function HandlePopupResult(result) {
window.location = "https://www.toolbox.com";
}
function moOpenIdLogin(app_name,is_custom_app) {
var current_url = window.location.href;
var cookie_name = "redirect_current_url";
var d = new Date();
d.setTime(d.getTime() + (2 * 24 * 60 * 60 * 1000));
var expires = "expires="+d.toUTCString();
document.cookie = cookie_name + "=" + current_url + ";" + expires + ";path=/";
var base_url = 'https://www.toolbox.com';
var request_uri = '/hr/benefits-compensation/guest-article/how-faster-payments-are-impacting-the-future-of-work/';
var http = 'https://';
var http_host = 'www.toolbox.com';
var default_nonce = '0cb5cc7bb7';
var custom_nonce = '3b15110639';
if(is_custom_app == 'false'){
if ( request_uri.indexOf('wp-login.php') !=-1){
var redirect_url = base_url + '/?option=getmosociallogin&wp_nonce=' + default_nonce + '&app_name=';
}else {
var redirect_url = http + http_host + request_uri;
if(redirect_url.indexOf('?') != -1){
redirect_url = redirect_url +'&option=getmosociallogin&wp_nonce=' + default_nonce + '&app_name=';
}
else
{
redirect_url = redirect_url +'?option=getmosociallogin&wp_nonce=' + default_nonce + '&app_name=';
}
}
}
else {
if ( request_uri.indexOf('wp-login.php') !=-1){
var redirect_url = base_url + '/?option=oauthredirect&wp_nonce=' + custom_nonce + '&app_name=';
}else {
var redirect_url = http + http_host + request_uri;
if(redirect_url.indexOf('?') != -1)
redirect_url = redirect_url +'&option=oauthredirect&wp_nonce=' + custom_nonce + '&app_name=';
else
redirect_url = redirect_url +'?option=oauthredirect&wp_nonce=' + custom_nonce + '&app_name=';
}
}
if( 0) {
var myWindow = window.open(redirect_url + app_name, "", "width=700,height=620");
}
else{
window.location.href = redirect_url + app_name;
}
}
</script>
<div class="mo-openid-app-icons">
<p style="color:#000000; width: fit-content;"> </p>
<a rel="nofollow" onclick="moOpenIdLogin('facebook','true');" style="margin-left: 25px !important;width:250px !important;padding-top:13px !important;padding-bottom:13px !important;margin-bottom:20px !important; background:#FFFFFF!important;border-radius: 4px !important;" class="mo_btn mo_btn-mo mo_btn-block mo_btn-social mo_btn-customtheme mo_btn-custom-dec login-button"> <i style="padding-top:7px !important" class="fab fa-facebook"></i> Sign in with Facebook</a><a rel="nofollow" onclick="moOpenIdLogin('google','true');" style="margin-left: 25px !important;width:250px !important;padding-top:13px !important;padding-bottom:13px !important;margin-bottom:20px !important; background:#FFFFFF!important;border-radius: 4px !important;" class="mo_btn mo_btn-mo mo_btn-block mo_btn-social mo_btn-customtheme mo_btn-custom-dec login-button"> <i style="padding-top:7px !important" class="fab fa-google"></i> Sign in with Google</a><a rel="nofollow" onclick="moOpenIdLogin('linkedin','true');" style="margin-left: 25px !important;width:250px !important;padding-top:13px !important;padding-bottom:13px !important;margin-bottom:20px !important; background:#FFFFFF!important;border-radius: 4px !important;" class="mo_btn mo_btn-mo mo_btn-block mo_btn-social mo_btn-customtheme mo_btn-custom-dec login-button"> <i style="padding-top:7px !important" class="fab fa-linkedin"></i> Sign in with LinkedIn</a>
</div> <br> <a rel="nofollow" class="mo_btn mo_btn-mo mo_btn-block mo_btn-social mo_btn-custom-dec login-button email-sign-in" id="refresh" href="#EmailSignUp">
<svg class="email-svg" xmlns="http://www.w3.org/2000/svg" width="20" height="14" viewBox="0 0 24 19">
<path id="Icon_material-mail-outline" data-name="Icon material-mail-outline" d="M24.6,6H5.4A2.384,2.384,0,0,0,3.012,8.375L3,22.625A2.4,2.4,0,0,0,5.4,25H24.6A2.4,2.4,0,0,0,27,22.625V8.375A2.4,2.4,0,0,0,24.6,6Zm0,16.625H5.4V10.75L15,16.688l9.6-5.937ZM15,14.312,5.4,8.375H24.6Z" transform="translate(-3 -6)" fill="#333333"></path>
</svg>
<div class="space-p1" onclick="openSignUp()">Sign up with Email</div>
</a>
</div>
<div class="register-pp1">
<p class="tb-pp-text1"> By signing up, you agree to our <a href="https://www.ziffdavis.com/terms-of-use" style="color:#0073B0">Terms of Use</a> and <a href="https://www.ziffdavis.com/privacy-policy" style="color:#0073B0"> Privacy Policy</a>.
Newsletters may contain advertising. You can unsubscribe at any time. </p>
</div>
</div>
</div>
<!--<input type="hidden" name="action" value="ghostpool_login" />-->
<style type="text/css">
.hideSignIn {
display: none !important;
}
</style>
</form>POST https://www.toolbox.com/wp-comments-post.php?wpe-comment-post=toolboxprod
<form action="https://www.toolbox.com/wp-comments-post.php?wpe-comment-post=toolboxprod" method="post" id="commentform" class="comment-form"><span class="gp-post-section-header-line"></span>
<p class="comment-notes">Your email address will not be published. Required fields are marked <span class="required">*</span></p>
<p class="comment-form-comment"><label for="comment">Comment</label><textarea id="comment" name="comment" cols="45" rows="8" aria-required="true"></textarea></p>
<p class="form-allowed-tags">You may use these <abbr title="HyperText Markup Language">HTML</abbr> tags and attributes: <code><a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite="">
<cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong> </code></p>
<p class="comment-form-author"><label for="author">Name</label> <span class="required">*</span><input id="author" name="author" type="text" value="" size="30" aria-required="true"></p>
<p class="comment-form-email"><label for="email">Email</label> <span class="required">*</span><input id="email" name="email" type="text" value="" size="30" aria-required="true"></p>
<p class="comment-form-url"><label for="url">Website</label><input id="url" name="url" type="text" value="" size="30"></p>
<p class="comment-form-cookies-consent"><input id="wp-comment-cookies-consent" name="wp-comment-cookies-consent" type="checkbox" value="yes"> <label for="wp-comment-cookies-consent">Save my name, email, and website in this browser for the next time
I comment.</label></p>
<div class="anr_captcha_field">
<div id="anr_captcha_field_1" class="anr_captcha_field_div"></div>
</div>
<p class="form-submit"><input name="submit" type="submit" id="submit" class="submit" value="Post Comment"> <input type="hidden" name="comment_post_ID" value="3146210" id="comment_post_ID">
<input type="hidden" name="comment_parent" id="comment_parent" value="0">
</p>
<p style="display: none !important;"><label>Δ<textarea name="ak_hp_textarea" cols="45" rows="8" maxlength="100"></textarea></label><input type="hidden" id="ak_js" name="ak_js" value="49">
<script type="rocketlazyloadscript">document.getElementById( "ak_js" ).setAttribute( "value", ( new Date() ).getTime() );</script>
</p>
</form>Name: loginform — POST
<form name="loginform" class="gp-login-form" action="" method="post">
<div class="gp-login-content">
<div class="gp-social-login">
<script type="rocketlazyloadscript"> jQuery(".mo_btn-mo").prop("disabled",false);
</script>
<script type="rocketlazyloadscript" data-rocket-type="text/javascript"> jQuery(document).ready(function () {
jQuery(".login-button").css("cursor", "pointer");
});
function mo_openid_on_consent_change(checkbox){
if (! checkbox.checked) {
jQuery('#mo_openid_consent_checkbox').val(1);
jQuery(".mo_btn-mo").attr("disabled", true);
jQuery(".login-button").addClass("dis");
} else {
jQuery('#mo_openid_consent_checkbox').val(0);
jQuery(".mo_btn-mo").attr("disabled", false);
jQuery(".login-button").removeClass("dis");
}
}
var perfEntries = performance.getEntriesByType("navigation");
if (perfEntries[0].type === "back_forward") {
location.reload(true);
}
function HandlePopupResult(result) {
window.location = "https://www.toolbox.com";
}
function moOpenIdLogin(app_name,is_custom_app) {
var current_url = window.location.href;
var cookie_name = "redirect_current_url";
var d = new Date();
d.setTime(d.getTime() + (2 * 24 * 60 * 60 * 1000));
var expires = "expires="+d.toUTCString();
document.cookie = cookie_name + "=" + current_url + ";" + expires + ";path=/";
var base_url = 'https://www.toolbox.com';
var request_uri = '/hr/benefits-compensation/guest-article/how-faster-payments-are-impacting-the-future-of-work/';
var http = 'https://';
var http_host = 'www.toolbox.com';
var default_nonce = '0cb5cc7bb7';
var custom_nonce = '3b15110639';
if(is_custom_app == 'false'){
if ( request_uri.indexOf('wp-login.php') !=-1){
var redirect_url = base_url + '/?option=getmosociallogin&wp_nonce=' + default_nonce + '&app_name=';
}else {
var redirect_url = http + http_host + request_uri;
if(redirect_url.indexOf('?') != -1){
redirect_url = redirect_url +'&option=getmosociallogin&wp_nonce=' + default_nonce + '&app_name=';
}
else
{
redirect_url = redirect_url +'?option=getmosociallogin&wp_nonce=' + default_nonce + '&app_name=';
}
}
}
else {
if ( request_uri.indexOf('wp-login.php') !=-1){
var redirect_url = base_url + '/?option=oauthredirect&wp_nonce=' + custom_nonce + '&app_name=';
}else {
var redirect_url = http + http_host + request_uri;
if(redirect_url.indexOf('?') != -1)
redirect_url = redirect_url +'&option=oauthredirect&wp_nonce=' + custom_nonce + '&app_name=';
else
redirect_url = redirect_url +'?option=oauthredirect&wp_nonce=' + custom_nonce + '&app_name=';
}
}
if( 0) {
var myWindow = window.open(redirect_url + app_name, "", "width=700,height=620");
}
else{
window.location.href = redirect_url + app_name;
}
}
</script>
<div class="mo-openid-app-icons">
<p style="color:#000000; width: fit-content;"> </p>
<a rel="nofollow" onclick="moOpenIdLogin('facebook','true');" style="margin-left: 25px !important;width:250px !important;padding-top:13px !important;padding-bottom:13px !important;margin-bottom:20px !important; background:#FFFFFF!important;border-radius: 4px !important;" class="mo_btn mo_btn-mo mo_btn-block mo_btn-social mo_btn-customtheme mo_btn-custom-dec login-button"> <i style="padding-top:7px !important" class="fab fa-facebook"></i> Sign in with Facebook</a><a rel="nofollow" onclick="moOpenIdLogin('google','true');" style="margin-left: 25px !important;width:250px !important;padding-top:13px !important;padding-bottom:13px !important;margin-bottom:20px !important; background:#FFFFFF!important;border-radius: 4px !important;" class="mo_btn mo_btn-mo mo_btn-block mo_btn-social mo_btn-customtheme mo_btn-custom-dec login-button"> <i style="padding-top:7px !important" class="fab fa-google"></i> Sign in with Google</a><a rel="nofollow" onclick="moOpenIdLogin('linkedin','true');" style="margin-left: 25px !important;width:250px !important;padding-top:13px !important;padding-bottom:13px !important;margin-bottom:20px !important; background:#FFFFFF!important;border-radius: 4px !important;" class="mo_btn mo_btn-mo mo_btn-block mo_btn-social mo_btn-customtheme mo_btn-custom-dec login-button"> <i style="padding-top:7px !important" class="fab fa-linkedin"></i> Sign in with LinkedIn</a>
</div> <br> <a rel="nofollow" class="mo_btn mo_btn-mo mo_btn-block mo_btn-social mo_btn-custom-dec login-button email-sign-in" href="#EmailSignIn">
<svg class="email-svg" xmlns="http://www.w3.org/2000/svg" width="20" height="14" viewBox="0 0 24 19">
<path id="Icon_material-mail-outline" data-name="Icon material-mail-outline" d="M24.6,6H5.4A2.384,2.384,0,0,0,3.012,8.375L3,22.625A2.4,2.4,0,0,0,5.4,25H24.6A2.4,2.4,0,0,0,27,22.625V8.375A2.4,2.4,0,0,0,24.6,6Zm0,16.625H5.4V10.75L15,16.688l9.6-5.937ZM15,14.312,5.4,8.375H24.6Z" transform="translate(-3 -6)" fill="#333333"></path>
</svg>
<div class="space-p" onclick="openSignIn()">Sign in with Email</div>
</a>
<hr class="login-hr">
<div class="register-pp pad-left-20px pad-bot-0px">
<p class="register-btn"> No Account? <a onclick="resgiterText();" href="#register" class="gp-register-link">
Sign up </a>
</p>
<p class="tb-pp-text"> By signing in, you agree to our <a href="https://www.ziffdavis.com/terms-of-use" style="color:#0073B0">Terms of Use</a> and <a href="https://www.ziffdavis.com/privacy-policy" style="color:#0073B0"> Privacy Policy</a>.
Newsletters may contain advertising. You can unsubscribe at any time. </p>
</div>
</div>
</div>
<!--<input type="hidden" name="action" value="ghostpool_login" />-->
</form>Name: lostpasswordform — POST #
<form name="lostpasswordform" class="gp-lost-password-form" action="#" method="post">
<div class="gp-login-content">
<p>We'll send an email with a link to reset your password.</p>
<p><input type="text" name="user_login" class="user_login" value="" size="20" placeholder="Username/Email Address" onkeyup="nospaces(this)" required=""></p>
<span class="gp-login-results" style="color:#BB2A06" data-verify="Verifying..."></span>
</div>
<input type="submit" name="wp-submit" class="wp-submit" value="Reset Password">
<span class="gp-login-links">
<a href="#register" class="gp-register-link">Register</a> <a href="#" class="gp-login-link">Sign In</a>
<a href="" class="custom-gp-lost-password-link-1"></a>
</span>
<input type="hidden" name="action" value="ghostpool_lost_password">
<input type="hidden" id="ghostpool_lost_password_nonce" name="ghostpool_lost_password_nonce" value="873ca310c5"><input type="hidden" name="_wp_http_referer"
value="/hr/benefits-compensation/guest-article/how-faster-payments-are-impacting-the-future-of-work/">
</form>Name: loginform — POST https://www.toolbox.com/secure-tb-login/?wpe-login=true
<form name="loginform" class="gp-login-form" action="https://www.toolbox.com/secure-tb-login/?wpe-login=true" method="post">
<div class="gp-login-content">
<div class="gp-social-login">
<p class="email_login email-p-in email_login-1">
<span style="margin-bottom:5px">Email Address</span>
<input type="text" id="myInput1" name="log" class="user_login" value="" size="20" placeholder="Email Address">
</p>
<p class="gp-login-results email-login-results" style="color:#BB2A06" data-verify="Verifying...">
</p>
<input tabindex="0" type="submit" id="login-submit" name="wp-submit" class="wp-submit wp-submit-1" value="Sign In">
<hr class="login-hr login-hr-1">
<div class="register-pp register-pp-1 pad-left-20px pad-bot-0px">
<p class="register-btn margin-left-btn">
<a href="#login" onclick="resetText();" class="gp-login-link">
<svg xmlns="http://www.w3.org/2000/svg" width="21" height="21" viewBox="0 0 21 21"> <g id="Group_507" data-name="Group 507" transform="translate(-2.5 -2.5)"> <path id="Path_358" data-name="Path 358" d="M23,13A10,10,0,1,1,13,3,10,10,0,0,1,23,13Z" fill="none" stroke="#45801F" stroke-linecap="round" stroke-linejoin="round" stroke-width="1"></path> <path id="Path_359" data-name="Path 359" d="M16,12l-4,4,4,4" transform="translate(-3 -3)" fill="none" stroke="#45801F" stroke-linecap="round" stroke-linejoin="round" stroke-width="1"></path> <path id="Path_360" data-name="Path 360" d="M20,18H12" transform="translate(-3 -5)" fill="none" stroke="#45801F" stroke-linecap="round" stroke-linejoin="round" stroke-width="1"></path> </g> </svg><span class="all-links">All Sign in options</span>
</a>
</p>
<p class="tb-pp-text tb-pp-text-1" style="font-size: 14px !important;"> By signing in, you agree to our <a href="https://www.ziffdavis.com/terms-of-use" style="color:#0073B0">Terms of Use</a> and
<a href="https://www.ziffdavis.com/privacy-policy" style="color:#0073B0"> Privacy Policy</a>. Newsletters may contain advertising. You can unsubscribe at any time. </p>
</div>
</div>
</div>
<input type="hidden" name="action" value="ghostpool_login_api">
<input type="hidden" id="ghostpool_login_api_nonce" name="ghostpool_login_api_nonce" value="acbd1b2cd4"><input type="hidden" name="_wp_http_referer"
value="/hr/benefits-compensation/guest-article/how-faster-payments-are-impacting-the-future-of-work/">
</form>Name: registerform — POST https://www.toolbox.com/secure-tb-login/?action=register&wpe-login=true
<form name="registerform" class="gp-login-form" action="https://www.toolbox.com/secure-tb-login/?action=register&wpe-login=true" method="post">
<div class="gp-login-content">
<div class="gp-social-login">
<p class="email_class email-p-in">
<label>Email Address</label>
<input type="email" id="myInput1" name="user_email" class="user_email" size="25" placeholder="Email address">
</p>
<p class="email-validation-1" id="mar-bot-5px">
<svg class="info-icon" xmlns="http://www.w3.org/2000/svg" width="16" height="16" viewBox="0 0 16 16">
<path id="Icon_material-info" data-name="Icon material-info" d="M11,3a8,8,0,1,0,8,8A8,8,0,0,0,11,3Zm.8,12H10.2V10.2h1.6Zm0-6.4H10.2V7h1.6Z" transform="translate(-3 -3)" fill="#BB2A06"></path>
</svg>
<span class="error-msg" id="error-msg">Enter a Email Address</span>
</p>
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Benefits & Compensation
HOW FASTER PAYMENTS ARE IMPACTING THE FUTURE OF WORK
Tom Hammond VP of Corporate Strategy and Product Management, Paychex Last
Updated: December 16, 2021
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Payroll innovations are offering increased flexibility, such as pay-on-demand
and real-time payments, and are becoming more common and changing how and when
employees want to get paid, writes Tom Hammond, VP Corporate Strategy
at Paychex.
Payroll is an essential function of any business with one or more employees and
is the heart of any HR system especially for those with many workers. Yet, how
people are paid hasn’t changed a whole lot with most employers still paying
employees on a bi-weekly, monthly, or other set cadences. What has changed
dramatically, though, are the expectations of many employees. The Millennial and
Gen Z populations, for example, rarely carry cash, sporadically access a
traditional bank account, and are often storing funds on mobile wallets. How
employees expect to be paid today is changing. In fact, a recent Paychex study
shows that 50 percent of employees prefer a pay schedule that differs from the
bi-weekly norm. The same study found 26 percent of employees would like to be
paid weekly, 10 percent monthly, and 10 percent semimonthly (twice per month).
Currently, only four percent of all employees prefer same-day pay, but this
number increases to 25 percent among independent contractors.
The growth of the gig economy is one of the major factors impacting how and when
employees get paid, as gig economy-supported platforms are renowned for offering
workers the ability to be paid immediately for work performed. Evolving
technology is also playing a leading role in this shift, as is the fact that 78
percent of Americans live paycheck to paycheck (according to a CareerBuilder
survey) – that’s a major portion of the population who may benefit from an
alternate payroll frequency than the bi-weekly or monthly norm. Ultimately,
employees who are happy and fulfilled in their personal life – which includes
financial well-being – are more likely to be engaged in their work. HR and
business leaders should be exploring all technology options to optimize employee
wellness from every angle – including how they’re paid.
Increasingly common pay flexibility options include:
Pay-on-demand: Sometimes referred to as on-demand pay or earned-wage-access,
pay-on-demand gives workers access to wages that are earned but not yet paid
out. This process is typically executed using a third-party who keeps track of
the time workedpay earned and then distributes the amount requested to the
worker. This pay option can help employers attract top talent and is a powerful
retention tool.
Real-time payments: Taking pay flexibility a step further, employers will soon
be able to process their payroll disbursing real-time payments through The
Clearing House (TCH) Real-Time Payments (RTP) network. Simply put, this is
another example of technology built for consumer apps like Venmo and Zelle®
driving employee expectations. With the help of cutting-edge HR technology
solutions and a financial industry focused on faster payments, real-time
payments enable employers to deposit a worker’s pay directly into employees’
bank accounts in a matter of seconds via the TCH RTP network.
Learn More: Improving Employee Experience with Pay Transparency
No matter when, where, or how it’s delivered, payroll is the foundation of the
employer-employee relationship. As new payroll technologies become available,
employers must evaluate the needs of their employees and invest in the tools
that will meet those evolving expectations. In the case of businesses currently
processing payroll manually, the logical first step in that evolution is to
select a reputable payroll partner to help streamline and automate the process.
These days, especially in the current tight labor market, payroll is
increasingly important to the success of any business when it comes to
attracting and retaining employees, as well as avoiding financial and legal
penalties. But, the reality is, it’s not a task that will help a business
generate new leads or grow its customer base. Therein lies the benefit of
partnering with a payroll services provider. In finding the right payroll
solution for them, organizations can reap the timesaving and recruitment and
retention benefits that outsourcing provides by offering the types of
innovative, flexible technology solutions – including flexible payments – that
more and more of their employees have come to expect.
Learn More: Unlocking Payroll: Why Outsourcing is No Longer the Answer
employee relations management employee wellness Gen Z Workforce Gig Economy
Millennials pay-on-demand Paychex Payroll Administration real-time payments
retention Wages
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Tom Hammond
VP of Corporate Strategy and Product Management, Paychex
Tom Hammond assumed the role of vice president of corporate strategy and product
management in 2017 with more than 25 years of experience at Paychex. He leads an
organization that develops strong, intuitive, and relevant Human Capital
Management (HCM) solutions for small and mid-size businesses, embracing the
challenge of remaining cutting-edge in an increasingly competitive market.
Earlier in his Paychex career, as the senior director of product and program
management, Hammond oversaw the creation of Paychex’s flagship payroll
application, CORE Advanced, and has since played an integral role in its
evolution into what is now Paychex Flex, the company’s full suite of HCM
solutions.
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