What if it did not complicate your current payroll process?

If you have hourly workers you know the workforce is tight and getting them in the door is only the beginning, keeping them is the challenge. #payroll #employeedailypay #hr #

Complicate that with

– instant gratification minded millennial workforce

– Covid has messed with recruitment making it nearly impossible for HR Managers to stay on top of whats next

– and a need to provide a wellness benefit to retain employees. #employeewellness #earnedwageaccess

You may also know many hourly workers live paycheck to paycheck, their pay is often lumpy and experience a variety of financial pressures that impact their productivity and focus on the job. #payroll, #Earnedwageaccess, #employeedailypay

Case studies show increased applicant flow, (some 2.5X) along with about 15% or more reduction in turnover. When employees know they can get paid that same day if they show up to work, they show up. Here is a quick video that explains it better. Lets us consult with you on a vendor that will provide a great solution. #Payroll

If you recall Maslow’s Hierarchy of needs you may recall the lower on the pyramid you go the more basic the needs. It might be food and shelter or maybe diapers and baby formula that is on your teams mind Wednesday and payday is not until Friday. But how to help? Heres a great way! #earnedwageaccess

One current trend employers are leveraging is generically referred to as “daily pay”. This allows employees to take payday advances on earned wages between paydays and have them paid back on payday. Money can be immediately available to the employee in the time of need. This is managed by a 3rd party who accepts the liability and recovers the funds from either employee bank account on payday or via payroll deduction. . Some charge a fee plus, generally less than $5 per advance and I have worked with some that are free to the client and the employee. Employers generally transmit Time and Attendance data to the service and allow for an even better experience for the employee, access to more cash and payroll deduction for the loan etc.

Jim Stowe runs Instigate, a Mt Clemens Michigan based consulting organization as

CHIEF INSTIGATOR of: HR EFFICIENCY ,TAX REDUCTION & COST OPTIMIZATION.

Jim has an extensive background in HR services including over 30 years at companies such as ADP, General Mills and Liberty Mutual among others and holds a Master’s Degree in International Business from Central Michigan University

Case studies show increased applicant flow, (some 2.5X) along with about 15% or more reduction in turnover. When employees know they can get paid that same day if they show up to work, they show up. Here is a quick video that explains it better. Lets us consult with you on a vendor that will provide a great solution.

Jim Stowe runs Instigate, a Mt Clemens Michigan based consulting organization as

CHIEF INSTIGATOR of: HR EFFICIENCY ,TAX REDUCTION & COST OPTIMIZATION.

Jim has an extensive background in HR services including over 30 years at companies such as ADP, General Mills and Liberty Mutual among others and holds a Bachelor of Science & Master’s Degree in International Business from Central Michigan University