{"id":38586,"date":"2023-06-29T16:46:57","date_gmt":"2023-06-29T20:46:57","guid":{"rendered":"https:\/\/www.dailypay.com\/?p=38586"},"modified":"2023-10-20T16:07:40","modified_gmt":"2023-10-20T20:07:40","slug":"on-demand-pay-demystified-episode-1","status":"publish","type":"post","link":"https:\/\/www.dailypay.com\/resource-center\/blog\/on-demand-pay-demystified-episode-1\/","title":{"rendered":"5 Takeaways From The Source Episode 1\u2014On-Demand Pay Demystified: Insights From Practitioners"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"38586\" class=\"elementor elementor-38586\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f8f6bfa elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f8f6bfa\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2307319\" data-id=\"2307319\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6a9a914 elementor-widget elementor-widget-text-editor\" data-id=\"6a9a914\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Recently, we hosted the first episode of our new webinar series, The Source. In \u201cOn-Demand Pay Demystified: Insights from Practitioners,\u201d Pete Tiliakos (Principal Analyst &amp; Advisor, Founder of GxT Advisors) sat down with Julio Coellar (Senior Payroll Manager, Hudson Group) to talk about the fundamentals of and share their experiences with on-demand pay. Here are a few takeaways from their discussion:<\/span><\/p><h2><span style=\"font-weight: 400;\">On-Demand Pay Can Help With Recruiting<\/span><\/h2><p><span style=\"font-weight: 400;\">Like many companies across a variety of industries, Hudson Group was having a hard time attracting talent. Initially, they looked into running weekly payroll as a means to attract talent, but ultimately decided on on-demand pay. Since adding DailyPay to their benefits package, Hudson Group has started to see a noticeable impact in their hiring efforts. \u201cIt&#8217;s helped us tremendously with the recruiting front. It&#8217;s something that a lot of employees are interested in right now,\u201d says Coellar.<\/span><\/p><h2><span style=\"font-weight: 400;\">On-Demand Pay Keeps Employees Engaged<\/span><\/h2><p><span style=\"font-weight: 400;\">Offering on-demand pay can improve employee engagement, and even help with the onboarding process. Coellar explains, \u201cBecause of the need that the employees have and knowing that DailyPay is being offered, they&#8217;re helping with that process and making sure that they&#8217;re doing things timely. Because they have a need, they want to make sure that everything&#8217;s in order so that they could start working and have access to [DailyPay].\u201d\u00a0<\/span><\/p><h2><span style=\"font-weight: 400;\">Offering On-Demand Can Reduce Turnover<\/span><\/h2><p><span style=\"font-weight: 400;\">Since offering DailyPay, Coellar explained that not only has it helped with hiring\u2014it\u2019s helped to keep employees longer, too. \u201cPeople are staying with us longer and DailyPay is helping us track that and report on that too,\u201d said Coellar. According to Coellar, adding on-demand pay has been a game-changer. &#8220;It&#8217;s been one of the best decisions I&#8217;ve made in my career.&#8221;<\/span><\/p><h3><span style=\"font-weight: 400;\">Impact to Payroll is Minimal<\/span><\/h3><p><span style=\"font-weight: 400;\">With an on-demand pay provider like DailyPay, the impact to the payroll department is minimal. With DailyPay\u2019s funding model and integration, there\u2019s no need for the payroll department to actively do anything\u2014just set it and forget it. During the webinar, Coellar said, \u201cImpact-wise, really there hasn&#8217;t been any, for my team at all.\u201d<\/span><\/p><h3><span style=\"font-weight: 400;\">Implementation Doesn\u2019t Have to Be Hard<\/span><\/h3><p><span style=\"font-weight: 400;\">Hudson Group was able to get DailyPay up and running in just a few months. They kicked off the process in June, ran a pilot in September, and began offering it to all of their locations by October. From self-installing the API to working closely with the implementation team, it was a smooth process. \u201cIt was real simple,\u201d noted Coellar.\u00a0<\/span><\/p><p><br \/><span style=\"font-weight: 400;\">Watch the full first episode of The Source <\/span><a href=\"https:\/\/www.dailypay.com\/webinars\/the-source-series\/episode1\/\"><span style=\"font-weight: 400;\">here<\/span><\/a><span style=\"font-weight: 400;\">. <\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Recently, we hosted the first episode of our new webinar series, The Source. In \u201cOn-Demand Pay Demystified: Insights from Practitioners,\u201d Pete Tiliakos (Principal Analyst &amp; Advisor, Founder of GxT Advisors) sat down with Julio Coellar (Senior Payroll Manager, Hudson Group) to talk about the fundamentals of and share their experiences with on-demand pay. Here are<a class=\"read-more\" href=\"https:\/\/www.dailypay.com\/resource-center\/blog\/on-demand-pay-demystified-episode-1\/\">Read More<\/a><\/p>\n","protected":false},"author":32,"featured_media":38587,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[147],"tags":[],"class_list":["post-38586","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>5 Takeaways From The Source Episode 1\u2014On-Demand Pay Demystified: Insights From Practitioners - DailyPay<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.dailypay.com\/resource-center\/blog\/on-demand-pay-demystified-episode-1\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"5 Takeaways From The Source Episode 1\u2014On-Demand Pay Demystified: Insights From Practitioners\" \/>\n<meta property=\"og:description\" content=\"Recently, we hosted the first episode of our new webinar series, The Source. In \u201cOn-Demand Pay Demystified: Insights from Practitioners,\u201d Pete Tiliakos (Principal Analyst &amp; Advisor, Founder of GxT Advisors) sat down with Julio Coellar (Senior Payroll Manager, Hudson Group) to talk about the fundamentals of and share their experiences with on-demand pay. Here areRead More\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.dailypay.com\/resource-center\/blog\/on-demand-pay-demystified-episode-1\/\" \/>\n<meta property=\"og:site_name\" content=\"DailyPay\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/dailypay\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/trydailypay\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-29T20:46:57+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-20T20:07:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.dailypay.com\/wp-content\/uploads\/the-source-thumbnail-2023-UPDATED-1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"8000\" \/>\n\t<meta property=\"og:image:height\" content=\"4500\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"DailyPay\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@dailypay\" \/>\n<meta name=\"twitter:site\" content=\"@dailypay\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"DailyPay\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"5 Takeaways From The Source Episode 1\u2014On-Demand Pay Demystified: Insights From Practitioners - DailyPay","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.dailypay.com\/resource-center\/blog\/on-demand-pay-demystified-episode-1\/","og_locale":"en_US","og_type":"article","og_title":"5 Takeaways From The Source Episode 1\u2014On-Demand Pay Demystified: Insights From Practitioners","og_description":"Recently, we hosted the first episode of our new webinar series, The Source. 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