Ben Smith, Head of Product, fastP.A.Y.E and Jake Bates, Workplace Wellbeing Specialist, fastP.A.Y.E | The On Demand Pay space and how the sector is evolving to improve its approach to wellbeing

The Workplace Wellbeing Podcast

On-Demand Pay is the sector of fintech that fastP.A.Y.E operates in. In this episode, Ian is joined by two colleagues from fastP.A.Y.E; Ben Smith who is head of product and who has driven the development of fastP.A.Y.E since its inception 2 years ago and Jake Bates who is an Employee Wellbeing Specialist who helps educate customers about fastP.A.Y.E.

The podcast discusses:

• What an On-Demand pay app does and the various business models
• How it helps employee well being
• Why employer control is important
• How a good On-Demand app avoids being part of the problem, including
  • referrals to debt charities
  • Intervention by employers
  • Access to benefits instead of an advance
  • Limiting the size of an advance and encouraging additional work hours.

Listener’s will get a good overview of the On-Demand or Salary advance space and some key areas to watch out for to ensure the app makes a positive contribution to employee wellbeing.

Jake’s Linked in profile: https://www.linkedin.com/in/jake-bates/

Ben’s Linked in profile: https://www.linkedin.com/in/bensmithlondon/

Jakes Media Choice: Never Split the difference - https://www.waterstones.com/book/never-split-the-difference/chris-voss/tahl-raz/9781847941497

Ben’s media choice: Mind the Product - https://www.mindtheproduct.com/

Research referenced in the Podcast:

Gartner Report - 6 trends on the hype cycle for the digital workplace 2020 https://www.gartner.com/smarterwithgartner/6-trends-on-the-gartner-hype-cycle-for-the-digital-workplace-2020/

Reward and Employee Benefits Association: 2020 employee wellbeing research -https://reba.global/content/reba-employee-wellbeing-research-2020-wellbeing-is-evolving-to-be-at-the-core-of-workplace-culture

The Workplace Wellbeing Podcast is supported by the WorkTech Group, which supplies cloud based tools for the modern workforce manager. The Group owns, ShopWorks, a cloud based Rota Management Software and Labour Management Software provider. fastP.A.Y.E is an Employee Financial Wellbeing App and SolvedBy.Ai provides AI powered Sales Forecasting Software and Forecasting Labour Demand solutions.