What Is Pay on Demand?
Wage advance, or earned wage access, is a new and growing employee benefit category.
Pay on Demand allows employees to access wages they’ve already worked for but that haven’t been paid out yet — without the employer needing to front the capital.
The service doesn’t require any changes to employer payroll; all funds are advanced and collected by Clair, a third-party provider.
How It Works
Pay on Demand is easy to use and fits right into your existing processes. It’s free for employers and doesn’t charge employees for wage advances.
Step 1. Employees simply switch their direct deposit account to Clair.
Step 2. Clair offers free wage advances to employees at the end of each shift.
Step 3. Requested advances are transferred to the Clair account and can be used immediately with a Clair Debit Mastercard®.
Step 4. Advances are deducted once employees receive their paycheck.
No Changes to Payroll
Pay on Demand works alongside payroll and doesn’t require any adjustments to your current system. Clair provides wage advances to employees based on time and attendance data.
Benefits for Employees
Improved Financial Health
Free wage advances provide employees with greater liquidity and improved financial health.
Cover Emergency Expenses
Employees can pay for emergency expenses without having to borrow from predatory, high-interest payday lenders.
Fee-Free Digital Banking
The digital bank account and debit card are a crucial help to unbanked or underbanked employees.
Benefits for Employers
Increased Workforce Productivity
Employee use can lead to improved job performance and a reduction in absenteeism.
Savings in Hiring, Training & Recruitment
Pay on Demand can aid in the reduction of employee turnover, increase the number of job applicants, and reduce the time it takes to fill positions.
Reduced Payroll Expenses
Reduce the need for printed paper checks and run payroll less often.