Let's take a look at the reaction that I encounter most often.

“I want to protect my employees by paying out monthly.”
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This is the one I hear most often. And it usually comes from good intentions: employers who have their people's best interests at heart. They say: “I don't want to tempt them to spend money thoughtlessly.” I would like to invite you to take a step back.

Why do we actually pay out at fixed times? Is that a conscious choice, or is it simply because “it always works like this”? Most employers can't answer that question directly, and that's exactly my point. Monthly remuneration is the norm, but not a law of nature.

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“Why do we actually pay out at fixed times? Is that a conscious choice, or is it simply because it always happens like this?”

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Imagine: your employee suddenly has a broken washing machine. Or, as one of our users said: the direct debit of his rent falls just before his salary payment. Does he have to wait until the end of the month, or take out an expensive loan when his money has actually been earned a long time ago?

In an ideal world, everyone always has some savings to hand. But the reality is different. Let's take a look at the facts.

• From research by the NIBUD shows that 46% of the all Dutch households faced payment problems in the past year.
• This group has 47% overdraft, on which you pay interest between 9.9% and 13.9% at the largest banks in the Netherlands.
• NIBUD also states that households with varying incomes - flex workers, on-call workers and freelancers - are even more at risk of running into payment problems.

And it's more than just money.

• A PwC study indicates that for 57% of employees are their main source of stress: financial stress is.
• 1 out of 4 employees states that financial stress lowers their productivity in the workplace.

We already knew that stress comes at a price. But don't you think that by giving your employees the opportunity to withdraw part of their salary earlier, you're giving them proper can help?

On-Demand Pay isn't new: In America, England, and slowly around the world, On-Demand Pay is being rolled out (which I'll be happy to write more about later). There is therefore already a lot of data about the implementation and effects of On-Demand Pay. ADP research with more than 600 employers with at least 1000 employees, he therefore shows convincing insights: 67% employees who use On-Demand Pay indicate that their financial stress has been reduced. In addition, 96% of employers say that their staff is happy with On-Demand Pay. Not surprising: It's an option, a possibility. If you need it, you can use it, but you don't have to.

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67% of employees who uses On-Demand Pay indicates that their financial stress has been reduced.

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And in our own data at CashOut? On average, we see that about 30-40% of employees On-Demand Pay used. You help them get through the month. You offer your staff control, not chaos.

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So..

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I understand the concern, really. As an employer, you naturally want the best for your employees. You want to protect and support them. Flexible payouts can actually help them with that. We expect flexibility from our people. That they take over services, change schedules, help out when necessary. That they deal with peak traffic, are available at the last minute and always take responsibility. But when it comes to giving back that same flexibility — in something as fundamental as their pay — we block. It's crazy, when you think about it that way.

With CashOut, that can be done differently. CashOut stands for flexibility, including when it comes to furnishing. Do you want your staff to be able to pay out a maximum amount flexibly? Can! Only making vacation pay available? Sure! Don't let declarations wait more weeks? Let's arrange that. Automated. Safe. Tailored to your needs.

I'd love to hear what you think. Send me a message, or better yet, invite me for a good conversation about how flexible payment can also work sustainably within your organization.

Because if trust is really the foundation of good employment, why should we start with distrust when it comes to paying?