New Quickpoll: Do you operate advance payments?

14 June 2022

As discussions about new pay on demand technologies increase, it is interesting to monitor how common other similar functionalities are.

An advance payment refers to a payment that an employee receives before their pay day and outside of the payroll process. Normally the payment is based on an estimated net amount for part of their pay or a payment for arrears they are owed. Some employers offer this as a benefit, whilst some payroll departments may only use it to make corrections for staff who were underpaid in error.

One of the benefits of the policy team's research into different aspects of the profession is that it allows us to keep our content in line with the needs of payroll professionals. The poll is in the box to the right of this article. It takes a few seconds to complete and will help the CIPP collect valuable data regarding the industry. 

 

 


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