Have You Tried Pay Timing to Attract and Retain Employees?

Eliminating the gap between paychecks can reassure workers who want to access their money as soon as it’s earned.

May 25, 2022

Employee Paycheck

ALEXANDRIA, Va.—Labor is one of the biggest challenges for convenience retailers this year, so how can you attract and retain talent in the tight labor market? One option is to offer employees on-demand access to earned wages and reward your employees with timely incentives.

NACS is hosting a series of three webinars this summer that discuss innovative ways to address the labor shortage facing the convenience retailing industry. The first webinar, “Pay Timing: A New Way to Attract and Retain Employees,” takes place on June 1 from 2-3 p.m. EDT.

The first webinar will discuss ways convenience retailers can streamline payroll and reduce costs while supporting employees’ financial health. Prepaid debit cards and other alternatives, such as same-day pay, eliminate the traditional gap between weekly, biweekly or semi-monthly paychecks. For workers struggling to make ends meet, these financial alternatives can help them access much-needed funds quickly.

These new payment options benefit workers and employers. Workers report significant reductions in stress because they can access funds as soon as they’ve been earned. Companies notice heightened enthusiasm among staff, as well as improved recruitment and retention rates.

Join NACS for a conversation and Q&A with Amber Carvalho, payroll specialist at Parker’s; Tracey Patterson, payroll manager, Love’s Travel Stops;  Erin Pressley, NACS’ vice president of education and media; and Carrie Staut, director of business development, business partnerships, Netspend.

NACS’ HR summer webinar series is $49 for all three webinars. Attendees earn one credit hour from HRCI and SHRM for each webinar attended (up to three hours in total).

Links to join the webinars will be sent to attendees via email within 24 hours of registration. HREC members get complimentary access to the series.

Register today.