Document Management
- Parent Category: ROOT
- Sunday, 01 July 2018
- Published Date
- Written by Bob Scott
An executive of Automatic Data Processing recently said the economy is moving toward real-time, on-demand payment of workers. Stuart Sackman, corporate VP of global product & technology, noted during ADP’s recent Investors’ Day webcast the trend among ride-share companies and some major retailers.
Uber and Lyft have enabled drivers to be paid after each ride has been covered forward while Walmart and McDonalds allowing workers to be partially paid at the end of each shift, he said.
“We strongly believe that in the future, workers will get paid real time, on demand, when they want to receive their earnings and employers are going to be forced to offer this capability if they want to attract and retain the best workforce,” he said.
Sackman noted that will be a big change for the typical nonthly, semimonthly, biweekly for traditional employees or net 60 or net 90 for freelance workers.
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