According to the National Payroll Institute, 36% of Canadian employees feel short or short of money between pay days. To solve this problem, many companies in the United States and Europe offer employees the possibility to have early access to the salary for which they have already worked. Consumer columnists Evelyne Charuest and Stéphane Garneau explain to us how these new payroll systems work, providing prepayments to employees through applications.
” The salary deposit allows access to cash for unexpected events: broken car, broken refrigerator, etc. It’s quick access without having to go through borrowing-and debt. “
They explain why in Canada these applications are so little used and look at the advantages and disadvantages of this payroll system.
Source: Radio-Canada
