Hospitality employers are being urged to look at implementing Pay-on-Demand to not only attract workers during the festive period, but throughout the rest of the year too.
CloudPay has warned that if hospitality firms want to be able to pay their workers ahead of the holidays – a crucial element to attracting seasonal staff – then they should consider adopting Earned Wage Access (EWA), or Pay-on-Demand, payment models.
Borja Perez, VP Product, Payments at CloudPay, commented, “Adopting Pay-on-Demand is particularly useful for recruiting seasonal workers who generally take on these roles to cover the added costs that Christmas creates.
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“However, in many cases they are often not paid before the break due to the time it takes to be added to the payroll. This will only hinder recruitment at a time when many employers are rushing to fill gaps as the Christmas party season approaches.
“It is important to add, though, that EWA isn’t just a valuable tool to manage seasonal hiring fluctuations, but rather a longer-term solution to worker shortages.
“It enables employees to access their earnings as and when they need them whilst also making it considerably easier for employers to recruit the skills they need as the case of Nando’s highlights.”
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