Employees Enjoy Pay On Demand
700 employees at an organization based in Nebraska are enjoying using Pay On Demand with MITC Time and Attendance. Pay On Demand was implemented in March 2019.
Since then, 56% of employees have enrolled (no fee to enroll), and 149 employees used Pay On Demand in the last pay period (21% of all employees).
There were over 350 transactions in the last pay period (small fee paid by employee), meaning in total about $50,000 was advanced to employees and then automatically deducted from their regular payroll check
Employees have responded positively to Pay On Demand, even though they pay a small transaction fee for using it. Employees mainly rely on Pay On Demand to pay for unexpected bills.
The customer thinks Pay On Demand helps with retention, although with Covid-19 in 2020 it is hard to measure the difference as retention improved for other reasons as well.
MITC Time and Attendance automatically updates the Pay On Demand service daily with completed hours. To learn more, download our daily pay ebook.