SmartHCM

What is On Demand Pay?

What is on-demand pay?

On-demand pay is the ability to request earned pay before a designated pay period. It allows employees to request any pay they have already accrued through work hours, bonuses, and commissions without waiting until their next payday. Most of the time, on-demand pay is provided through an automated platform, so specific approval is not necessary if the service is provided.

On-demand pay allows employees to access their funds and cover expenses on time before payday rolls around. Many consider it an employee perk and one more way employers can offer flexibility in the employment structure.