REWARD
Pay on demand roundtable
InMay, the CIPP hosted an online roundtable – sponsored by the Access Group – to discuss the emergence and development of this practice. This is the first of two instalments reporting the discussion
Jill Bonehill: Thank you all very much for joining this roundtable. I extend thanks to Abhishek and Access Group for the kind sponsorship. In addition to my role with the CIPP, I’m non-executive director for a health and wellbeing company, and also a volunteer adviser for the Citizens’ Advice Bureau. During my 22 years with the Bureau Samantha Mann MCIPPdip MAAT, head of policy and research team, and technical lead, CIPP Katie Duxbury, head of payroll services, BUPA James Herbert, chief executive officer and founder, Hastee Brian Sparling ChMCIPPdip, senior manager, Global Managed Payroll, Ceridian Europe Ltd Jill Bonehill ACIPP, account manager, Marketing and Business Development, CIPP Abhishek Agrawal, director of EarlyPay, Access Group Anthony Cronin, chief executive officer and founder, Flexi Range Jason Butler, head of financial education, Salary Finance Jaspal Randhawa-Wayte, director of product management, Payroll Solutions, Zellis
I’ve specialised in debt advice, financial awareness and education – so pay on demand interests me. This is a great opportunity to share views and experiences of pay on demand and the need for financial education as well. Abhishek Agrawal: EarlyPay is an on- demand payment solution from the Access Group. The Access Group is a mid-market enterprise software company offering products and services to more than 35,000 customers in the industrial, manufacturing, non-profit, financial services, transportation and haulage, distribution, construction, and health and social care sectors. EarlyPay is Access Group’s on- demand salary payment offering. It comes integrated with Access Group’s HR, payroll and time and attendance products, and is available to more than 2,000,000 employees who use one of these products. Anthony Cronin: Flexi Range is a financial wellness tool which helps people manage their income, moving them to a more manageable frequency of weekly or fortnightly without impacting the employer’s processing. The product came about because
during my twenty years in the payroll industry where my role was predominately to move employers from the weekly to monthly cycle I saw the impact on staff. Jason Butler: Before joining Salary Finance I worked in the financial wellbeing sector, and had a financial services career for 25 years. I have a monthly column in the Financial Times , where I write about my big interest: the emotional behavioural and psychological aspects of money. I’ve been involved in the emotional behavioural psychological aspects for over five years, and have written several books about this issue. Salary Finance essentially started about four years ago to provide payroll linked loans, then expanded into savings accounts, and then advanced pay. We are also the government’s main partner on help to save paid deduction. We are rolling out life insurance income protection in conjunction with Legal and General which is a major shareholder. Salary Finance bought its biggest competitor, Neyber in March, so we now have a reach of over 3,000,000 employees. We are global, and desire to expand to Asia where we have a footprint. So, we are thinking global, and believe that habit change is necessary, but this
| Professional in Payroll, Pensions and Reward | July/August 2020 | Issue 62 38
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