Tech Talk 8: A pay revolution: what are the consequences?

12:25 pm

While we know pay is an essential part of our employees financial lives and overall wellbeing, what’s not often considered is how the way we pay impacts people. For decades fortnightly and monthly pay have helped drive efficiencies in payroll, but these efficiencies may have come at the cost of employee productivity and wellbeing. In fact, AMP estimates that financial stress costs Australian businesses $31bn a year. It doesn’t have to be like this. New research shows that tech solutions like earned wage access and automated pre-pay savings can significantly reduce financial stress and the associated business costs, while also reducing the load on stretched payroll teams.  Earnd
  • Brad Joffe
    Brad Joffe

    General Manager APAC

    Earnd

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