As an employer, you need your employees as much as they need you, and it’s extremely important to take care of the people that help operate your business on a day-to-day basis. Yet, when it comes to offering pay advances to their employees, that where many employers draw the line.
Benefits such as pay advances help people who are in a financial bind, whilst also improving morale and loyalty throughout the workplace. However, pay advances do come with a fair amount of risk and administrative overhead. They cost employers a lot of time and money that most simply don’t have.
*Southland Data Processing, Inc. (“SDP”) is not a law firm. This article is intended for informational purposes only and should not be relied upon in reaching a conclusion in a particular area of law. Applicability of the legal principles discussed may differ substantially in individual situations. Receipt of this or any other SDP materials does not create an attorney-client relationship. SDP is not responsible for any inadvertent errors that may occur in the publishing process.