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The appetite for this benefit is growing. According to an October 2019 survey of 1,180 American adults by the Workforce Institute at Kronos, a whopping 61% of employees across the healthcare, retail and manufacturing/construction industries said they should not have to wait until their scheduled payday to access their earned wages. More than half of all employees believe that on-demand pay is a more attractive benefit than additional paid time off. So how does this work? It depends on how an employer designs its program, and the platform used. For example, the payroll giant Paychex, through a...

Earned Wage Access Platform Even Provides More Than $2.5 Billion in On-Demand Pay for Members   Even, an earned wage access platform designed to provide financial stability and flexibility to US employees, announced on Thursday it has provided more than $2.5 billion in on-demand pay for its members. Even reported that on-demand pay helps members cover expenses between paychecks while avoiding overdraft fees, credit card debt, and payday loans. Even CEO, David Baga, shared more details about the on-demand feature by stating: “Our on-demand pay helps members with expenses that come up bet...

Lightspeed’s COO David Baga leaving to join pay advance startup Even as CEO David Baga is going to be getting a new paycheck, which is fitting, all things considered. Even, an “on-demand pay” startup that ‘evens’ out paychecks for workers to give them financial stability and flexibility, will announce later this morning that Baga is joining the company as its new CEO, effective March 1, replacing co-founder and current CEO Jon Schlossberg. Schlossberg will remain full-time at the company as executive chairman. Baga was most recently at Lightspeed Venture Partners, the prominent VC f...