U.S. workers are opting for instant pay over classic paydays [Yahoo! Finance]
Netflix, Inc. (NFLX)
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Source: Yahoo! Finance
On-demand payouts are rising as 72% of career professionals say they're experiencing financial stress, and 60% of U.S. workers say they'd take a job if it meant getting paid faster. Here's what's happening with the emergence of instant payments at work, and why it could mean the venerable bi-monthly payday could be going the way of the penny. Employees are squarely operating in the digital age, and when it comes to pay, they're not shy about letting their bosses know. “Today's workforce expects payroll to work like Netflix or Uber — instant, flexible, and on demand,” said Jen Terrell, co-founder and VP of employer partnerships at Rain, a B2B earned wage access (EWA) provider that serves big brands such as McDonald's and Hilton. “Even back in 2021, a Ceridian study found that 83% of workers preferred daily access to their wages over waiting two weeks.” Providers say demand has only intensified, and Terrell said she's seeing a variety of industries — including frontline retail
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