Story at a glance
- A new poll of more than 1,000 U.S. workers found 83 percent of those between the ages 18 and 44 want access to their wages at the end of each workday.
- Eighty percent of respondents said they would like their pay automatically “streamed” into their bank accounts as they earn it.
- More than 80 percent said they would take a job with an employer that offers wages on-demand over employers that do not.
Most Americans would unsurprisingly prefer if everyday were payday.
A new poll of 1,004 U.S. workers commissioned by human resources management company Ceridian found 83 percent of workers between the ages 18 and 44 want access to their wages at the end of each workday, bucking the bi-weekly pay schedule that has been the norm for most Americans.
Meanwhile, 80 percent of respondents said they would like their pay automatically “streamed” into their bank accounts as they earn it.
While it’s no surprise Americans want access to their money faster, on-demand pay could also benefit employers looking to secure top talent.
Seventy-eight percent of those surveyed said free access to on demand pay would make them more loyal to their employer, while 79 percent said it would make them feel more valued as an employee.
More than 80 percent said they would take a job with an employer that offers wages on demand over an employer that does not.
“These results reveal that on-demand pay is not only a differentiator but also a requirement for employees,” Seth Ross, general manager of Ceridian’s Dayforce Wallet and Consumer Services, said in a statement.
“With streaming pay, employers give workers more control over their financial well-being. That means offering people the peace of mind to cover an unexpected expense or the ability to take advantage of investment opportunities they might not otherwise have,” Ross said.
The positive attitude toward such payment methods seemed to be steady across all income levels. Eighty-one percent of workers with household incomes of $100,000 or more also supported on-demand pay, with 78 percent of that group saying they support it so they can invest their funds sooner.
The poll was conducted in August by the Harris Poll.
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