Pay on Demand is a new benefit offered by Time Equipment Company through our partnership with Clair, a company that provides instant pay access to workers. Unlike other solutions, this is truly a no-cost benefit for both employers and employees.
Users receive free advances on their earned wages. When employees sign up, the system looks at the employee’s timesheet data for the day and shows them how much they can advance. Employees can then take an advance and spend that money right away for gas or groceries, or they withdraw it at an ATM. These advances are then deducted from their next paycheck.
By giving workers the flexibility to receive their pay as soon as they earn it, they do not have to take out high-interest payday loans or pay overdraft fees just to make ends meet. Less financial stress means they can put their best foot forward every day they step into work.