Ceridian to Transform How Employees are Paid with On-Demand Pay

New functionality will allow employees to take a payout based on
their earnings when they need it through Dayforce

MINNEAPOLIS–(BUSINESS WIRE)–Ceridian, a global human capital management (HCM) technology company,
today announced plans to add on-demand pay functionality to Dayforce,
its flagship cloud platform. With On-Demand Pay, employees will be able
to request a payout based on their earnings at any time through the
Dayforce mobile application. The requested payout will then be funded to
a digital wallet for employees to access. Ceridian will be the first HCM
technology company to bring to market an on-demand payment solution of
this kind.

Today’s employees are under an incredible amount of stress, with an
estimated 78 percent of U.S. workers living paycheck to paycheck to make
ends meet1. Dayforce On-Demand Pay enables companies to offer
a payment option that may help promote financial wellness, attract top
talent, and increase engagement and productivity at work.

“We’re driven to create new, innovative technologies that will help make
work life better for people everywhere – and we believe Dayforce
On-Demand Pay achieves this,” said Erik Zimmer, Chief Strategy Officer,
Ceridian. “Companies today are mindful of their employees’ financial and
mental well-being and seek solutions that will enable their people to be
productive and satisfied at work. Dayforce On-Demand Pay may help
alleviate stress so employees can focus on their work and not their
finances.”

When unexpected expenses arise, employees may rely on payday loans –
used by 12 million Americans2 annually – to cover costs. With
Dayforce On-Demand Pay, employees can instead take a payout based on
their earned wages when they need it with just a few taps in the
Dayforce app. The new functionality may also enable employers to better
attract and retain top talent in a competitive job market.

“The fact is, traditional payroll doesn’t meet the real-time payment
needs of a modern workforce,” said Zimmer. “That’s why we’re
implementing On-Demand Pay in Dayforce: to give employers more choice
about how and when to pay their employees.”

Customers who choose to implement On-Demand Pay will benefit from
Dayforce’s unified solution for payroll and time. Through real-time
calculations, available payouts are automatically updated whenever a
time, benefits, or HR record is changed, keeping data up-to-date and
accurate, and streamlining the payroll process.

Dayforce On-Demand Pay will be available in early 2019. To learn more,
visit www.ceridian.com.

About Ceridian

Ceridian. Makes Work Life Better™.

Ceridian is a global human capital management software company. Dayforce,
our flagship cloud HCM platform, provides human resources, payroll,
benefits, workforce management, and talent management functionality. Our
platform is used to optimize management of the entire employee
lifecycle, including attracting, engaging, paying, deploying, and
developing people. Ceridian has solutions for organizations of all
sizes. Visit Ceridian.com or
follow us @Ceridian.

1 CareerBuilder (2017), Living Paycheck to Paycheck is a
Way of Life for Majority of U.S. Workers, According to New CareerBuilder
Survey
, http://press.careerbuilder.com/2017-08-24-Living-Paycheck-to-Paycheck-is-a-Way-of-Life-for-Majority-of-U-S-Workers-According-to-New-CareerBuilder-Survey

2 Pew Charitable Trusts (2018). Standards Needed for Safe
Small Installment Loans From Banks, Credit Unions
. https://www.pewtrusts.org/en/research-and-analysis/issue-briefs/2018/02/standards-needed-for-safe-small-installment-loans-from-banks-credit-unions

Contacts

Ceridian
Teri Murphy, 647-883-8041
teri.murphy@ceridian.com

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