The on demand salary is a recent term in the market, but it has already acquired a number of followers – inside and outside the country. After all, it is a way for the company to provide flexibility and autonomy for employees to do their financial planning, and not to depend on bank loan interest, for example. A good example of this is HR Consultants UKy, an innovative feature that HR Consultant UK launched this year for its customers
O on demand salary it is an innovation, in the market, and has added many followers (inside and outside the country). All because this model of flexible payment generates autonomy and flexibility with its professionals.
And for you to understand how the on demand salary provides this relief in the highest overdraft interest, for example. Follow with this reading!
In the topics below, we will explain the steps a company must take to insert wages on demand into its routine – and you will see how this can be done, basically, without any effort!
What is the on demand salary?
Imagine that, instead of offering payments on fixed dates and inflexible (as on the fifth business day of the month waiting for the salary advance style=”font-weight: 400;”>, for example), your company is able to position itself to offer employees at any time?
This summarizes well the essence of the on demand salary, which grants punctual flexibility so that employees have access to their already accounted resources (that is: of the days already worked) to make withdrawals according to their respective financial planning<span style=”font-weight: 400;”>.
As we said, in the introduction to the article, this autonomy given to people means that they can better plan your resources. This includes, for example, ending this dependency that we tend to create with costly bank loans to close accounts at the end of the month.
And do not think that the on-demand salary is something unprecedented in the market (including in the country itself): transport applications, such as Uber, already deal with this payment model with their drivers.
This is an interesting fit for the rest of the market, and based on the update of an inflexible model that, today, proves to be profoundly outdated.
Why is the on demand wage just a trend?
With the flexibility to align monthly bills with fractions of salary, drawn according to their needs, people avoid the fearsome financial stress style=”font-weight: 400;”> in their lives.
As an immediate result of this, they maintain the quality of life and well-being necessary to ensure productivity, attendance and motivation within the company.
Therefore, the on demand salary is not just a passing trend: it is a natural movement in the relationships we have, today, with society itself.
Which, in turn, calls into question the traditional payment model made by most companies. We are at a time when everything is immediate and dynamic. Speed matters as much as the quality of service we need.
And that includes – why not? – the payment model. If we can add this convenience on a day-to-day basis, the on-demand salary comes as a boost to both the employer and the employee.
What are the benefits of this?
To make it clearer the value of this type of strategy applied in your company, see how the wage on demand can make a difference on a daily basis, and for both parties:
- promotion of a organizational culture style=”font-weight: 400;”> modern, aligned to the needs of your professional;
- better talent attraction and retention;
- more productivity (especially, due to the end of the financial stress of its employees);
- financial well-being style=”font-weight: 400;”> it can become a motivational tool for everyone;
- more loyalty and gratitude from its professionals.
It is easy to see, therefore, that the wage on demand is not an extra cost for the company, but an investment that has everything to be implemented easily and with a high success rate.
We will even talk about it below!
How to implement the on demand salary in the company?
The first step for you to understand how salary on demand can be part of your company's culture, is its importance.
And this has been said, until now, that goes from the end of the use of overdraft (among other high-interest loans) to increase the productivity and engagement of its professionals.
Then, it is worth looking for a complete solution that meets your needs and goals. HR Consultants UK, in fact, has taken great steps in the implementation of wages on demand in the country.
But, for this, it is valuable to understand the role of your company in this process, and how HR Consultant UK works in each of the stages, such as:
- HR sector training;
- guidance on the benefits and usability of the on-demand salary;
- implementation of the technology for that.
In this case, we are talking specifically about the HR Consultants UKy<span style=”font-weight: 400;”>, a solution that can be quickly developed and applied to your organization's routine.
Then, as soon as the employee has worked days – and also based on his own financial planning -, he can request through the HR Consultant UK application and, within an hour, the requested amount falls into his bank account.
Thus, it is worth explaining the following:
- the company does not need to tamper with its current payment process for this. Working capital and the entire on-demand wage process is managed and maintained by HR Consultant UK itself;
- each withdrawal request has a low fee for the service. HR Consultants UK's CEOs themselves say, however, that the value is as low as a cup of coffee (once and for all the need to use the overdraft, for example).
Thus, your organization can take a significant step in becoming one of the great companies of the future, just as HR Consultant UK fulfills yet another step in its incessant mission to reduce the bureaucracy in the HR sector and, thereby, improve the level of satisfaction and -being of your collaborators!
Who is HR Consultants UK?
Company with outstanding performance in the market, even with less than three years of foundation, the HR Consultants UK it was inspired by the fundamental work of the Sherpas – who are the Himalayan guides who provide guidance and assistance to the intrepid climbers of their mountains.
In this way, the company has been characterized as a true partner of organizations of all niches and sizes. In common, companies that seek to modernize their processes, reduce the bureaucracy of HR and continuously improve their relations with their own employees.
HR Consultants UK's most recent step on this journey was HR Consultants UKy. A great differential to put wages on demand in your routine and definitely improve the work environment!
Did you have any doubts about the on demand salary and how is HR Consultants UKy part of it all? Just leave a comment, below, and we will promptly answer your questions!