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Gusto allows employees on their platform to get paid whenever they want
- mallyvai 8y agoCurious about this part: without cash in a checking account, people often have to resort to predatory financial products like payday loans or high-interest credit cards in order to make ends meet. In the testing for this product, was there a noticeable decrease in employee reliance on payday loans?
- londont 8y agoThat's the goal. Having earlier access to your own earnings is a much better source of funds than taking an expensive loan. We're collecting data from early customers and will update more in the future on the progress we're seeing.
- tlb 8y agoMy startup paid monthly, which was the least work. But then some employees wanted bi-weekly, and others pointed out the semi-monthly made more sense because it aligned with rent payments. Switching is a fair bit of work. I would have loved a feature that lets people get paid whenever they like.