How Employers Can Offer Safe Employee Loans That Protect Financial Health
When money emergencies strike, employees often feel forced to take out loans as a quick fix. With 70% of Americans considered financially unhealthy—struggling with low credit scores, debt, and little to no savings—many turn to high-interest payday loans, predatory lenders, or even their 401(k) to get by. These options worsen employees’ financial stress and ultimately […]
Pay Periods May Go Extinct. What Employers Need to Know to Avert Disaster
Key takeways The longstanding practice of weekly or biweekly payrolls is giving way to a new normal: daily pay. Growth was slow and then fast. It is underappreciated how fast this change is coming for frontline workers. The periodic paycheck is unraveling due to new technology, employer awareness, and widespread financial stress. This change has […]
