So, we are getting some advance money. This is not a bad thing in itself, but frankly, it feels more like a way to placate chronically underpaid workers instead of actually paying a proper living wage.
https://www.bloomberg.com/news/articles/2017-12-13/wal-mart-to-allow-workers-early-access-to-pay-via-fintech-accord
I disagree with the generalization the person mentioning drug abuse uses... do you see how much insurance cost???? I see store associates using it around holidays and special occasions... many of us live pay check to pay check as it is... the associate wasn’t using drugs when they were hired. Or many must be great and faking drug test
Everyone understands that people sometimes need a way to manage money from check to check. That aside, not everyone who has difficulty managing money is squeaky clean. Those who use PayDay loans, and will use the service Walmart is offering, often do so to support a substance abuse habit. Those with a substance abuse problem are typically high turnover employees, high turnover is prevalent in retail.
I don't think the HR group is smart enough to connect the dots between PayDay loan behavior and substance abuse, and the negative consequences their new program could have to the business. To check for unintended consequences they need to be doing analysis to track this program alongside other metrics to look for an uptick in percent of workplace accidents, compensable injuries, absenteeism and sick time, all of which are positively correlated with substance abuse. The last thing Walmart should want is to become the enabler in this situation, especially at the risk of driving up other business expenses and attracting the wrong type of talent.
“It feels like”......that right there defines this whole perspective and all replies.
It’s a PR move, so they don’t pay the associates a living wage.
No, they do not take it back. You can only access the amount for the hours you have already worked, not the hours yet to be worked.
Too many unanswered questions. After 8 'free' advances what do they charge the associate? 6%? 12%? to use their own money? What happens if you take an advance and they cut your hours the following week? Do they take the advance back immediately and now you are short money more than you normally are?
asked and answered.