On demand payment allows employees to obtain a portion of their wages as they acquire them throughout their pay period. As an employer, you can opt into this feature and choose which employees have access to it. Employees can then request advanced wages as needed.
Attract and Retain Talent
We know that nearly 80% of U.S. workers live paycheck to paycheck, and 1 in 4 don’t set aside monthly savings. With our proprietary On Demand Payment solution, you can offer your employees an alternative to pay advances and high interest payday loans. On Demand Payment provides early access to a portion of earned wages during the active pay cycle (before the scheduled payday), without additional paperwork, special permission from HR or managers, or changes to your payroll processes and cash flow.
How it Works
Offer Hassle-Free Access to Funds
Employees can view and request their earned wages via desktop or the mobile app. When requests are made by noon CT, funds are available on the same day.
Leave the Calculations to Us
Employees see a real-time net pay calculation showing actual earnings during the active pay cycle, not a prediction. Paylocity ensures they can’t request more than they’ve earned—even factoring in taxes and other deductions.
Don't Change Your Process
Approvals and deductions are automatic and Paylocity pre-funds the transfers—meaning you don’t need to change your payroll frequency or cash flow.
Helping You Attract and Retain Talent
Modern Features for a Modern Workforce
Learn how solutions like On Demand Payment can help you enhance the employee experience to attract and retain the latest generation (expected to make up 27% of the workforce by 2025).
How HR Teams Are Tackling Payroll Challenges
Learn how five companies are solving their biggest payroll challenges like compliance, manual data management, and mitigating risk.
- Paylocity News
- Payroll
Blog Post
June 3, 2022
Frequently Asked Questions
On demand pay offers the opportunity for employees and employers to be flexible with wages in multiple ways:
For employees: On demand wages allow access to a portion of earned money when they need it most, in advance of the next regularly scheduled pay date. This provides more financial security and flexibility for an employee when dealing with unexpected financial situations.
For employers: Payment on demand can provide greater employee retention and satisfaction by helping reduce financial burden as needed. Advanced wages can also be an enticing perk for hiring candidates in a competitive talent market.
It’s easy to offer, too! Paylocity’s On Demand Payment solution takes care of the logistics – Funds come from earned wages as well, so there’s minimal impact on your usual payroll processes.
Read more about the benefits of on demand payment in our resource library.