Ceridian, a global human capital management (HCM) company, announced today the availability of Dayforce Wallet – an on-demand pay solution. Dayforce Wallet leverages the Dayforce platform’s unique continuous calculation capabilities for an accurate, on-demand payment, instead of an approximation of earnings. It disrupts the antiquated concept of a fixed pay period – allowing people to be paid in real-time, at any time.
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The launch comes at a time when making ends meet is of heightened concern, with many individuals across income levels and employment types living paycheck to paycheck. Using the Dayforce Wallet app, employees can request a payout of their earnings whenever they need it. They can also manage their finances, check their balance, and track their transaction history.
“Now more than ever, organizations need to embrace modern technologies to create experiences that drive engagement and provide quantifiable value to employees,” said David Ossip, Chairman and CEO, Ceridian. “Dayforce Wallet fundamentally changes the concept of the traditional payday as employees can request access to their pay as they earn it and need it, with no direct fees for the employer or employee.”
Ossip added, “Dayforce Wallet is a game-changer and it can play an important role in immediately delivering emergency funds or other forms of financial support to employees whose circumstances may be adversely impacted.”
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