Employee Benefits news and trends

Sorbet Launches On-Demand PTO Cash Advance Solution in 8 States
Consumer Finance // June 01, 2023

Sorbet has launched a platform that lets employees access the value of their unused paid time off (PTO). With this on-demand PTO cash advance solution now available in eight states, employees can access the cash value of PTO as they accrue it, rather than waiting...

DoorDash Aims to Outcompete Rivals With SMB Perks Program
SMBs // November 07, 2022

As order aggregators compete to win business from restaurants, food delivery leader DoorDash is rolling out a discounted benefits-packed program aimed at easing the burden on small and mid-sized businesses (SMBs). The aggregator announced Monday (Nov. 7) the debut of its new Merchant Benefits offering,...

WEX To Acquire benefitexpress For $275 Million
News // April 14, 2021

FinTech platform WEX has signed an agreement to acquire benefitexpress, a cloud-based benefits administrator, for $275 million, the FinTech announced today (April 14). With benefitexpress, WEX will add a suite of benefits administration solutions for WEX Health clients. The health and employee benefits offerings include...

Employers Need To Prepare For The Post-COVID ‘Golden Age of Workers’
Coronavirus // January 26, 2021

Given that the World Economic Forum has been relegated by the pandemic to a week-long digital discussion, how fitting is it that a conference of executives, elected leaders and academic experts that would normally be gathering in the snowy Swiss mountain town this week be...

Interviews & Exclusives
Making The Business Case For Employer-Sponsored Financial-Wellness Tools

August 26, 2020
For all the myriad challenges COVID-19 has created for the world of work, it’s also created some critical opportunities. Jeff Gies, ADP vice president, told PYMNTS in a recent Masterclass discussion that one such opportunity has been the financial wellness offerings that many employers are building out for workers who now receive electronic pay. COVID-19 has […]

Even CEO: Why Savings Is The Key To Breaking The Paycheck-to-Paycheck Cycle

January 27, 2020
In the paycheck-to-paycheck economy, estimates vary slightly. Some analysts have reported that roughly 65 percent of all U.S. workers now live paycheck to paycheck, and a large fraction of those...

WEX CEO: Why Being Agile Is As Important As Being Innovative

January 21, 2019
Innovation is good, but flexibility and agility count, too — as does striking while it’s hot. Those are among the factors that drove the recent acquisition of Discovery Benefits, Inc. (DBI),...

Gradifi CEO On Disrupting Student Loan Debt Disruption

December 07, 2018
Student loan debt is among the heaviest financial burdens to shoulder.  Gradifi CEO David Chang tells PYMNTS that student loan repayments and refinancing - offered as an employee benefit, done...

Quick Reads
WEX Debuts AI-Powered Enhancements to Benefits Admin Tool

November 25, 2024
Commerce platform WEX says it is launching new AI enhancements to its benefits administration offering. With open enrollment season set to begin, the company on Monday (Nov. 25) announced it is working with select employers to pilot a pair of artificial intelligence (AI)-powered tools: Benefit Assistant and BeneFITwise Premier. “We believe AI can be a powerful and precise tool […]

Sorbet Launches On-Demand PTO Cash Advance Solution in 8 States

June 01, 2023
Sorbet has launched a platform that lets employees access the value of their unused paid time off (PTO). With this on-demand PTO cash advance solution now available in eight states,...

QuickBooks Adds Employee Benefits Into Online Payroll

August 27, 2019
QuickBooks Online Payroll customers can now use the payroll platform to offer employees healthcare benefits, the company reported on Tuesday (Aug. 27) in a press release. Intuit’s technology-driven payroll solution...

Instacart Rolls Out Insurance, Loan Repayment To Gig Workers

August 21, 2019
To counter criticism of its independent contractor procedures, Instacart announced a series of new benefits for its contract shoppers, VentureBeat reported on Wednesday (Aug. 21).  The San Francisco-based grocery delivery startup said...