Change is coming: The booming gig workforce may force daily pay GlobeBusiness
A gig worker is a different breed in the workforce. They are independent. They are entrepreneurial, typically funding their own cash-flow related requirements without the support of the perks and expense allowances of a typical job.
In Canada, monthly, semi-monthly, biweekly or weekly pay cycles are the norm. As payroll is a time consuming, expensive process, longer pay periods are beneficial to businesses. Businesses deeply steeped in legacy processes, technology and operating systems do not inherently embrace change. Accustomed to their own cash flow cycles, they are not incentivized to upset the apple cart though they welcome the opportunity of a third-party doing it for them.
2. Reserve a percentage of your daily earnings for savings; earmark for various life events such as weddings, births, tuition or school books.3. Set aside a small daily percentage for emergency funding. Even at as little as $2.00 per day the balance will slowly climb and in six months, on the unfortunate day you blow a tire or your transmission, you’re ready.5. Bask in the financial freedom of avoiding credit card debt.
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