Today’s global events are forcing employers to rethink their role in supporting their workers, especially in terms of pay. ADP Research Institute’s Evolution of Pay Research shows workers frequently rely on their employers to offer the guidance and resources needed to help secure their financial futures by aiding in better personal financial decisions. As these expectations become an increasingly important focus of employees, employers are quickly embracing models that allow for greater pay flexibility and personal-finance assistance. The evolution is not just good for the workers — empowering a more financially confident workforce will drive greater overall business outcomes.
Providing Financial Services to Employees Is a Win-Win
Start with pay flexibility, budget management support, and retirement planning.
June 01, 2020
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Summary.
Low-wage American workers are struggling for financial security. Innovations in payroll services can help. Employers should offer greater pay flexibility, as well as budget-management tools and retirement-planning advice. As we move forward, employers can become true partners with their workers, and employees and employers alike will find themselves on more stable ground.