What Is Pay on Demand?
How To Make Every Day a Payday
Wage advance, or earned wage access, is a new and growing employee benefit category. With workers struggling to meet expenses, early access to pay can provide some much-needed support to workers who live paycheck-to-paycheck.
Pay on Demand allows employees to access wages they've already worked for but that haven't been paid out yet- without the employer needing to front the capital.
Financial technology companies like Clair are enhancing the way workers get their money. Clair Pay on Demand is an alternative to weekly, bi-weekly, and monthly pay cycles. Employees can get access to a portion of their paycheck using Employee Self Service without waiting for payday.
Pay on Demand, integrated with Clair, allows employees who use ESS Mobile 3.0 to receive advances on wages they have already worked for, but have not yet been paid out. Employees do not have to wait to be paid at the end of the pay period, they are able to access their wage immediately.
Clair is FREE to both our clients and their employees!
No Changes to Payroll
The service doesn't require any changes to employer payroll; all funds are advanced and collected by Clair, a third-party provider.
Pay on Demand works alongside payroll and doesn't require any adjustments to your current system. Clair provides wage advances to employees based on time and attendance data.
Benefits for Employees
Improved Financial Health- Free wage advances provide employees with greater liquidity and improved financial health.
Cover Emergency Expenses- Employees can pay for emergency expenses without having to borrow from predatory, high-interest payday lenders.
Benefits for Employers
Increased Workforce Productivity- Employee use can lead to improved job performance and a reduction in absenteeism.
Savings in Hiring, Training & Recruitment- Pay on Demand can aid in the reduction of employee turnover, increase the number of job applicants, and reduce the time it takes to fill positions.
How It Works
Pay on Demand is easy to use and fits right into your existing processes. It's free for employers and doesn't charge employees for wage advances.
Step 1. Employees simply switch their direct deposit account to Clair.
Step 2. Clair offers free wage advances to employees at the end of each shift.
Step 3. Requested advances are transferred to the Clair account and can be used immediately with a Clair Debit Mastercard®.
Step 4. Advances are deducted once employees receive their paycheck.
(U.S. based emp's only)
