Bloomberg Law
Aug. 1, 2019, 10:15 AM

‘Early Wage’ Apps Aim to Disrupt Payday Loans, Two-Week Cycle

Chris Opfer
Chris Opfer

Human resources officials at G4S, a global security firm that staffs guards at office and residential buildings, recently noticed a troubling trend.

As much as 72 percent of the company’s U.S. hourly workers were leaving their jobs each year. The company launched an employee survey to get to the bottom of why so many were heading for the exit.

Guards overwhelmingly responded that they were having trouble making ends meet.

“Not only were the wages problematic, but so was waiting for the two-week pay cycle,” Chief Human Resources Officer Geoff Gerks says.

So G4S joined a growing group of companies, ...

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