Pay is often the first thing on an employee’s mind. It can determine whether someone accepts, stays at, or leaves a job. It can motivate them toward stronger performance, and it can make a tough week a lot easier when they see their hard-earned money hit their bank account.
While it’s crucial that employers pay a living wage, they must think beyond this to attract and retain employees. The overall pay experience — which encompasses not just how much employees are paid but also how they receive and access their wages — should be modernized to accommodate the needs of today’s workforce.
