Five Ways On-Demand Pay Can Benefit Your Agency

People work most days, spend every day, but only get paid infrequently. This gap between work and pay causes cashflow issues, which result in UK workers spending £3.4 billion annually on payday loans and overdraft fees. With Workwell’s Outsourcing On-Demand Pay (in partnership with Level Financial Technology) staff can now access their earnings whenever they need to. The perks are easy to see for employees, but this payroll technology can positively impact agencies’ cashflow, especially those who engage a contingent workforce and with a larger volume of workers. Here, our experts highlight five ways our On-Demand Pay technology can benefit your agency and cashflow in 2025.

1. Enhances Employee Satisfaction and Retention
On-Demand Pay gives employees control over their finances, allowing them to access their earnings when they need it, eliminating their use of short-term debt. 9/10 workers prefer on-demand pay and more than 50% would rather be paid on-demand than have extra paid holidays. Stand out to current and potential staff alike by giving them more control over their pay.

2. Reduce Staff Turnover
High staff turnover can be both costly and disruptive. On-Demand Pay helps mitigate this problem by giving employees a financial safety net should they need it, reducing their reliance on payday loans and credit cards. Capita, an international business process outsourcing and professional services company, implemented this service and has reported 50% lower staff turnover, resulting in a more consistent and reliable workforce.

3. Demonstrate Good CSR (Corporate Social Responsibility)
Offering On-Demand Pay is a tangible way to show your commitment to employee welfare and financial well-being. It demonstrates good CSR to your clients and enhances your agency’s reputation.

4. Fewer Unfilled Shifts
Closing the gap between work and pay means that overtime and extra shifts are more appealing to workers. Employees no longer need to wait days or even weeks for their money, giving them more incentive to take on additional shifts. Mentor Education, London’s top tutoring agency, found that implementing On-Demand Pay resulted in 62% fewer unfilled shifts and a significant revenue boost for the company.

5. Improve Financial Management
With the recent increase in National Insurance (NI) contributions, particularly the change in the threshold from £175 to £96 a week, your agency could benefit from adopting On-Demand Pay to facilitate the move from weekly to monthly pay. Moving from weekly to monthly payroll reduces the frequency of payroll runs, which can significantly cut down on administrative costs and time spent on payroll processing. Implementing an On-Demand Pay system allows you to save on these costs without negatively affecting your workers, as they would still be able to draw cash as and when they need it.

On-Demand Pay is not a loan, so it incurs no debt or interest. Instead, it charges a small flat fee per withdrawal, making it a flexible way for your workers to manage their earnings. Your staff can now have more control over their finances by aligning their pay with their costs and expenses. Once the service is utilised, it is available to all employees at any time for any amount.

There will also be no administrative burden for your employees, as everything is automated and handled by the software. For your agency, this means fewer payroll complications and a smoother financial management process.

On-Demand Pay is brought to by Evertime, our proprietary end-to-end Pay & Bill system. Our Pay & Bill system is your payroll operation. We speak your language! Implementing On-Demand Pay can transform your recruitment agency by enhancing employee satisfaction, reducing turnover, filling shifts efficiently, demonstrating CSR, and improving financial management. It’s a win-win solution that benefits both your business and your staff.

Book a call with one of our experts to find out more about the solution and how it can help you.

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At Workwell Outsourcing, we provide all the services you need to run a successful recruitment business. We currently provide funding solutions for 170 countries, including the US. With strategic contracts, multicurrency options and comprehensive back-office support, businesses can navigate the challenges and seize the opportunities presented by the evolving market landscape.

To find out more about our international funding solutions and wider services request a callback with a member of our expert team.