PwC conducts an annual study on the financial wellness of employees. In the current 12th edition, the enormous impact of private financial stress in the workplace is once again clear. Employees with financial stress feel less comfortable at work (-26%) and would not recommend their employer to others (-18%), according to the study. According to the study, 74% of all employees say they would like help from their employer with their personal finances.

But what form can this help take? Pay-on-demand solutions (also known as earned-wage access) are a good option here, as numerous studies (including Harvard Business School, Visa, Ceridian) impressively demonstrate.

We are not yet familiar with this salary payment model in Germany. Perhaps the model could also be described as a hybrid salary payment.
How does the salary payment model work? The employee can use an app to access part of their net salary at any time and have it transferred to their account. This option allows employees to plan their liquidity better without having to use expensive Klarna and Co offers or pay overdraft interest. Black Friday or Cyber Monday is not always shortly after the salary payment. With the next payroll, the amount paid out is withheld again and the employee receives the majority of their wages or salary as usual. This innovative salary payment model has been proven to reduce financial stress and improve employees' quality of life.

Have I aroused your curiosity? I would be happy to provide you with further information, including the benefits for the employer.

Yours, Kurt Beckers

https://paygood.app by HR Improvement GmbH