Indeed Flex has revealed that a quarter of temps (26 per cent) have chosen to use a new Instant Pay option to receive their wages as soon as they clock off. Traditionally Indeed Flex workers, known as Flexers, have been paid at the end of each week. However, in June the online staffing platform introduced Instant Pay to give total flexibility over when they receive their wages.
Instant Pay allows them to request up to 50 per cent of their earnings as soon as they finish a shift – with their pay landing in their bank account within hours.
A survey of Flexers reveals that 13 per cent prefer to receive their wages on demand, while 44 per cent and 34 per cent opt for weekly and monthly payments, respectively. However, well over two-thirds (72 per cent) say they like having the freedom to choose to be paid whenever they need or want their money.
While using Instant Pay is a personal choice for each Flexer, the option gives them instant access to extra cash they can use to deal with any expensive surprises or just top up their savings.
Instant Pay is powered by FlexEarn, a third-party app, which enables Flexers to select the amount they want to receive from the wages they earned during their latest shift as well as on previous days that week.
“Working for Indeed Flex is all about choice,” says Novo Constare, CEO and Co-founder of Indeed Flex. “As a Flexer you don’t just get to choose when and where you work, you can also control when you get paid.
“Some Flexers may never need or want to use Instant Pay, but a clear majority value having the option and a quarter have already taken advantage of the service.
“Having access to your earnings whenever you want them is a handy perk. Whether you’re facing an unexpected bill or you just want to treat yourself, Instant Pay can make it easier to budget and provides peace of mind for many people as the cost of living crisis continues to bite.”
