PRO Unlimited announced a partnership with Ceridian to broaden its Worker Experience solution by offering Dayforce Wallet, Ceridian’s pay-on-demand solution. The companies said Dayforce Wallet will give non-employee workers more control over their compensation by providing access to their earned net pay whenever they need it.
The new offering accelerates an organization’s ability to better attract and retain the best talent through innovation, PRO said..@Ceridian and @PROUnlimited joined forces to expand their pay-on-demand capabilities. Click To Tweet
A recent study by Ceridian found that 83% of U.S. workers want to have access to their earned wages at the end of each day or shift. Seventy-eight percent said free access to on-demand pay would increase their loyalty to an employer.
“In a world where almost anything can be accessed instantly, the current model of two- to- four-week pay cycles is outdated,” said Seth Ross, Ceridian’s general manager of Dayforce Wallet and consumer services.
With PRO delivering Dayforce Wallet as part of Worker Experience, contingent workers will have direct access to their net pay as they earn it. When workers make an on-demand pay request through the Dayforce Wallet mobile app, their pay is deposited directly into their Dayforce Wallet account. PRO said such capabilities will strengthen a company’s ability to recruit and engage workers.
“This segment expects a frictionless, end-to-end process that includes access to assignments, payments and other financial documents from their mobile devices,” said PRO Unlimited CEO Kevin Akeroyd. “[It] has driven organizations to rethink their strategies and tools for sourcing, administering training and benefits, and onboarding.” He called the partnership with Ceridian “one more step in addressing the contingent workforce’s expanding needs and expectations.”
In October, Ceridian added new features to Dayforce, including streaming pay for Dayforce Wallet and a suite of talent intelligence tools. At the time, Ceridian said 8 in 10 U.S. workers would prefer to have their pay automatically streamed into their bank accounts as they earn it.