Technology is expected to play a larger role in personalizing benefits, especially when it comes to payroll processes. In a new report by ADP, future workplace trends will rely heavily on technology advances that will allow employees to choose how and when they would like to be paid. ADP found 29% of prospective employees would choose a company if they offered early access to paychecks, and 36% said the ability to choose their own pay schedule would make a difference in their decision.
“Employee expectations of technology and the immediacy of money itself is so drastically different than just five years ago,” Doug Politi, President of Compliance Solutions at ADP, said at a panel presenting the findings of the report. “All these things affect the way [employees] want to get paid. They have expectations of pay flexibility — as such, we are shifting away from brick and mortar banking institutions to very flexible, open, mobile-based tools.”
