By Archie Heaton
On-Demand Pay, also known as Earned Wage Access, is now offered as an employee benefit by 15% of UK employers. In industries that rely on shift workers - like care, retail and hospitality - it is estimated that almost a third of employees have access to the service. This includes those working at many of the country’s biggest employers: including Capita, Tesco, ASDA, Carpetright and a majority of NHS staff.
Every week I speak to HR and payroll professionals who want to offer this service, but are unsure which financial wellbeing platform to offer it through. In this article, I explain how you make that decision by asking just three questions:
Do they adhere to the Code of Practice?
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