More workers need on-demand pay
An increasing number of hourly workers are facing financial strain, with more living day-today than paycheck-to-paycheck. Nucleus surveyed more than 200 hourly workers across various industries to evaluate the impact of tools for on-demand pay and circumstances leading to increased adoption by employers. As organizations in hourly industries struggle to attract and retain staff, on-demand pay is being touted as the next high-priority initiative for employers to build employee loyalty in traditionally high turnover positions and be more competitive in the battle for talent. Nucleus found that more than half of the respondents stated that they would prefer to work for a company that offered on-demand pay, with approximately 40 percent having used costly payday loans as an alternative.
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