HR NEWS

Walmart gives workers a way to get paid earlier

Walmart gives workers a way to get paid earlier

NEW YORK (AP) — Walmart is providing workers with an app aimed at helping them budget their money and get paid before payday.

The retailer said Wednesday that it teamed up with financial technology startup Even and PayActiv to provide an app to 1.4 million Walmart workers.

The Even app automatically plans ahead for bills, savings goals and will show workers how much they can safely spend. It will also allow workers to access cash before a scheduled payday up to eight times a year for free.

 

Walmart said it will cover the costs for Even for both full and part-time workers at Walmart, Sam's Club and its e-commerce sites. Users will have to pay a fee if they want to get paid earlier more than eight times a year.

Critics and labour groups said the service is another sign that Walmart doesn't pay its workers enough.

"Living paycheque to paycheque is too common at Walmart and that is the problem that Walmart should be trying to solve," said the Organization United for Respect at Walmart.

Walmart pays new workers $9 an hour. That's above the $7.25 per hour federal minimum wage, but below some of what its rivals pay. Target, for example, has a minimum hourly wage of $11 and plans to grow it to $15 by the end of 2020.

Source: HR Reporter, Canada

8 months ago

By HR Reporters


Social Share : Share      

Comments.....

Submit new comment

Most Viewed

Tim Hortons responds to franchisees’ ‘reckless’ benefits cuts...

7 months ago

WHO stamps Himachal Pradesh doctor low-cost protocol for rabies prophylaxis...

6 months ago

Bipolar disorder has seven key factors: Study...

8 months ago

Alberta MLA 'deeply regrets' firing woman who made sex harassment complaint...

7 months ago

Omega-3s from fish more effective in cancer prevention...

7 months ago

Plea to verify HR&CE dept official’s qualification...

7 months ago

Kaspersky Lab names Bhayani new General Manager for South Asia...

10 months ago

Students alert! Aadhaar Card not compulsory for UP Board class 10, class 12 exam...

7 months ago

Pain-free patch for diabetics may manage blood sugar for days...

7 months ago

All the big drifts for HR transformation in 2018...

7 months ago

Most Shared

Mass redundancies for Quebec cookie factory...

2 years ago

Trump this: 5 bold predictions for how he’ll impact HR...

2 years ago

InfoTycoon appoints existing President and COO Kevin George to succeed James Dav...

2 years ago

Sushant Dwivedy joins Aspiring Minds as SVP-Enterprise Client Solutions...

2 years ago

Uber introduces special reward programme...

2 years ago

Standard Chartered Bank to reduce 10% corporate & institutional banking staff...

2 years ago

National CineMedia (NCM) creates Affiliate Partnerships team, names Stacie Tursi...

2 years ago

OCC Names New CFO, Treasurer, and Chief Compliance Officer...

2 years ago

Beards at work are now a major turn-off say 61% of female office workers...

2 years ago

First female fast jet pilot of Britain hired as director at PwC...

2 years ago