Up to now, daily payroll is considered near impossible due to the manual nature of todays manual processes. paiyroll® can run daily payroll.
This allows your employees to get paid faster and avoid having the financial stress of a payday loan.
Some workers can be almost twice as likely to apply for a job that pays daily
This could be used to pay workers on the same day. For example, if time-sheets are submitted by 17:00 and then approved by 18:00, it is entirely possible to approve a pay run before 19:00. The BACS file is then immediately available to submit to your bank.
Types of input
You can specify daily pay in several different ways, but typically the following are used:
|Timesheet||The worker submit an hourly time-sheet that is then approved by a manager|
|Daily pay||A fixed rate for a days work|
|Per piece||Pay depends on a number jobs|
Everyday is payday
Why does your employee need to wait for pay-day at month-end? Because todays payroll depends on an antiquated manual administrative process. If you enable this feature, we let your employees access their pay – every day. You may choose to set limits on the number of times workers can access this feature in any period.
Payroll for the gig-economy: If you employ a gig workers, why do they have to wait for the end of the week or the end of the month to get paid? If you have their hours, job or piece rates entered by 18:00 they could be paid by 20:00.