The Death of the Traditional Pay Check? U.S. Workers Want Faster Access to Wages, Finds Workforce Institute at Kronos Survey
Summary
LOWELL, Mass.--(BUSINESS WIRE)--Today’s on-demand society should prompt organizations to rethink when employees get paid in 2020: Nearly 3 out of every 4 U.S. employees (72%) want access to their wages before their pay day, according to The Workforce Institute at Kronos Incorporated. The “Death of the Traditional Pay Check” survey was conducted online by The Harris Poll on behalf of The Workforce Institute at Kronos among 1,180 employed U.S. adults to better understand how immediate access to earned wages (i.e. on-demand pay) and financial wellness can support recruitment, retention, and a better employee experience. Kronos industry-centric workforce applications are purpose-built for businesses, healthcare providers, educational institutions, and government agencies of all sizes. Tens of thousands of organizations — including half of the Fortune 1000® — and more than 40 million people in over 100 countries use Kronos every day. For complete survey methodology, including weighting variables and subgroup sample sizes, please contact daniel.gouthro@kronos.com.
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