Hourly Work and Payroll Technology Trends
In HRchat episode 305, we consider tech that gives hourly workers the flexibility to receive their pay sooner so they don’t have to take out high-interest payday loans or pay overdraft fees just to get by.
My guest this time is Nico Simko, Founder and CEO at Clair, the social fintech that provides Instant Pay Access as a Service for human capital management and gig platforms to allow workers to get paid faster. This month, Clair received $15 million in Series A funding to support their ambitious plans to reach many more businesses and workers in the next 12+ months.
Listen to Episode 305 and Learn:
- How Clair has been helping health care workers and clinicians to find work in an on-demand way
- Employers now expect HCMs to provide them with value beyond time and attendance; specifically in the area of engagement and experience. Why is employee engagement top of mind for employers right now?
- Why would workforce management and payroll providers be interested in incorporating such a tool that Nico calls “embedded fintech” in their user experience?
- Where is the earned-wage access space is heading in the next 5 years?
- What regulatory changes can we expect and how will that impact the market?
More About Nico Simko
Nico manages the payroll technology company’s overall strategic direction and its relationships with its shareholders and customers.Prior to co-founding Clair, he was at J.P. Morgan, leading the M&A due diligence process on a broad range of payments companies for the firm’s Wholesale Payments division. He managed M&A, investment and partnerships due diligence on 10+ payments FinTechs – worth over $25 billion.