On demand pay – the new workplace revolution

Описание: THE 2022 PAYMENTS CANADA SUMMIT
The SUMMIT is Canada’s premier payment conference. On April 26 - 28, 2022, The 2022 SUMMIT brought together the best thinkers, visionaries and disruptors to discuss the future of payments in Canada and around the globe. Explore how modern payments will create new opportunities for us as a nation, as an industry, and as individuals. Learn more at thesummit.ca.

SPEAKERS
Seth Ross, General Manager, Dayforce Wallet & Consumer Services, Ceridian

SESSION DESCRIPTION
On any given day, EY estimates $1 trillion of employees’ wages are locked up in payroll systems across OECD countries. Imagine what freeing that capital would do for the financial wellness of those who should rightfully have access to the wages they’ve already earned. For the past 80 years, many have been paid on a bi-weekly or semi-monthly basis, tying them to a rigid pay cycle that doesn’t factor in unexpected expenses or life events. With financial stress at all-time highs, workers can benefit from not only receiving a pay cheque, but also determining when they’d get paid. One powerful solution is on-demand pay, which gives employees access to their earnings at the end of the workday. It gives workers full control over their finances, freeing them from high-interest credit cards or payday loans. On-demand pay is also becoming a unique benefit for employers to improve retention and engagement. In fact, proprietary research shows that organizations that have implemented Dayforce Wallet, Ceridian’s market-leading, on-demand pay solution, experience lower turnover and faster time-to-fill open roles. This presentation will discuss the evolution of payroll, why on-demand pay is the future, and how payroll fits into broader innovations across the financial services industry.