Apps that enable workers to gain access to their income before payday is attracting high-profile investors and registering biggest companies. But does providing a monetary lifeline to employees assist or hinder their economic dilemmas? Jo Faragher states.
вЂњIt is not a loan, it is funds youвЂ™ve currently made. While not having to inquire for this provides workers a feeling of autonomy,вЂќ explains Claire Anderson, head of individuals at Camden city Brewery. Final September, the business applied a bit of technologies called Wagestream, that allows workers to gain access to as much as 30per cent of this cash theyвЂ™ve already attained before payday, for a charge of ВЈ1.75. Continue Reading