wages

Walmart Boosts Wages and Benefits Amid Tight Labor Market
Walmart Boosts Wages and Benefits Amid Tight Labor Market
January 25, 2023  |  Retail

Walmart is increasing wages and benefits as the U.S. labor market remains tight. America’s largest private employer announced Tuesday (Jan. 24) it is rolling out...

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Real-Time Tip Payouts Give Service Industry No-Cost Worker Shortage Fix
Real-Time Tip Payouts Give Service Industry No-Cost Worker Shortage Fix
January 23, 2023  |  Faster Payments

As sectors like hospitality and dining struggle with labor shortages, tipping offers a retention solution. In a conversation with PYMNTS, Brian Hassan, co-CEO of instant...

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Paycheck-to-Paycheck Consumers Have Good Credit Scores, Show More Credit Savvy
Paycheck-to-Paycheck Consumers Have Good Credit Scores, Show More Credit Savvy
December 27, 2022  |  Consumer Finance

Characterized by weakened spending power and mounting economic uncertainty, 2022 has been an economic roller coaster. Due to rising costs, growing numbers of consumers spend...

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Strong Labor Market Skips Main Street’s Small Businesses 
Strong Labor Market Skips Main Street’s Small Businesses 
December 16, 2022  |  SMBs

Between inflation and a tight labor market, retail’s small businesses can’t catch a break.  The U.S. economy added 263,000 non-farm jobs in November. This was roughly in...

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24% of Banks Plan to Offer Businesses Early Wage Access Programs 
24% of Banks Plan to Offer Businesses Early Wage Access Programs 
November 29, 2022  |  Faster Payments

Companies are looking for ways to attract and retain employees and are finding that early wage access is an offering that will help them do...

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ADP Adds Earned Wage Access to Payment Platform
ADP Adds Earned Wage Access to Payment Platform
November 17, 2022  |  Payroll

Human capital management solutions provider ADP has added earned wage access (EWA) to its Wisely by ADP payment platform. The EWA feature, which is offered...

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Retailers Lag Broader Main Street Business Recovery in Q3
Retailers Lag Broader Main Street Business Recovery in Q3
November 15, 2022  |  SMBs

The small- to medium-sized businesses (SMBs) on Main Street, USA, were some of the hardest hit in March 2020, and pandemic recovery, though swift, has...

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Early Wage Access Could Tip the Scales in Worker Recruitment
Early Wage Access Could Tip the Scales in Worker Recruitment
November 11, 2022  |  Money Mobility

Fifty-five percent of consumers say their pay is falling behind in the race against inflation. Amid consumer anxiety about the rising cost of living, employees...

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40% Of US Households Are More Vulnerable to Labor Market Volatility
40% Of US Households Are More Vulnerable to Labor Market Volatility
October 25, 2022  |  Consumer Finance

Economic conditions in the United States are consistent with a tight labor market — most consumers looking for work can find it. The unemployment rate...

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