Finch’s Post

Before I joined Finch, I'd never given much thought to how my own data moved between the systems my employer used. My paycheck arrived on time, my benefits renewed. What was there to think about? For me as an employee, there wasn't much. But for my employer? It'd be easier to list the things those HR departments *didn't* have to think about. It blew my mind to learn how much of the employment sector still relies on manual processes. We live in an age where I can snap a picture on my phone, and within seconds, that picture is available on every single device with an internet connection. But the applications that deposit money in my bank account, that manage my 401(k), that hold sensitive PII data? Most of the time, someone is manually sharing that information across systems. It's not automatic, and sometimes it's not even secure. It's one of those problems that few of us know about, but all of us are affected by. Finch is building something we call the Open Employment Ecosystem—a shared infrastructure that will allow all of those systems to exchange data automatically (with employer permissions, of course). Think of the revolution Plaid kicked off in the financial sector—now apply that to employment. TL;DR: This has been a long-winded way of saying....we made a market map. It's our visual representation of how these systems work together, and of just how many tools play a role in this vital ecosystem. If you're like me, and never really thought about how many applications your employer uses to manage you and your colleagues, check it out—I promise it'll be eye-opening.

Brilliant idea (read: why didn't I think of this and why is it not the standard?): pay folks real time for the work they do vs rely on the bi-weekly paycheck cadence. Pain points: A large portion of society lives paycheck to paycheck, at times forced to pay out of pocket for advances until they are paid. Separately, companies are struggling to differentiate and answer the call as to how to enhance employee benefits. Logic: One works on Day X, one gets paid the evening of Day X. Everyone wins: The employee for clear reasons, and the company for providing a competitive edge with this as a benefit. Companies that believe that holding on to the traditional cadence of employee compensation because they are concerned about retention are being myopic and can't see the forest for the trees. Grow, advance, drive the change. #fintech #change #innovation #customerlens #debt

Our CEO, Tal Clark, spoke with Maija Ehlinger about what employees really want from their employers – and that’s pay flexibility and optionality. “In the environment that we’re in today, it’s very competitive to hire good employees and to keep good employees. One of the things that employers are looking for – is that immediate gratification. That applies to payroll as well.” Read more in Hypepotamus: https://bit.ly/46vT9U9 #EarnedWageAccess #OnDemandPay #InstantPay #PaydayRevolution

Handwriting paychecks for over a dozen employees? That was my reality. Here's the story ✍️ Eight years ago, as a first time founder, my startup was growing FAST. We hired a new team member every 5-weeks for an entire year. And while our revenue was scaling, our systems and processes were not. Thursday nights were spent with the company check book, and I’d write every employee paycheck by hand. It was tedious and important work. These checks paid for my team's cell phones and medical bills. They used the money for big events like weddings and bucket-list travel. It was their livelihood. Eventually, we'd add tools like ADP to be more efficient. But I gained a new perspective about the value of my team and the duty I had to continue our success. This was my first experience with HR Tech and experiencing its value firsthand. It helped transform our business. And while payroll may seem trivial, the complexity of managing your people will scale tremendously as your headcount grows. That's why I'm so passionate about this space. I love building tools that help leaders make better decisions for their workforce. There's much work to be done. #HRTech #payroll #startup

Did you know that thirty-six percent of job seekers are looking for better #EmployeeBenefits? Behind the scenes, employees need more flexible benefits, like #FinancialWellness perks and reimbursement assistance. What does this mean for the future of employers? Discover the major #TotalReward trends that could impact 2024 in our latest article. (You can address some of them for free with Juice!) #FinTech #EmployeePerks

As more employees demand flexibility in their work, it’s worth asking: should we also be more flexible about how and when they get paid? Learn how Milestones Trust leverages Dayforce Wallet to support the financial well-being of their workers and pay them at the pace of real life: 

As more employees demand flexibility in their work, it’s worth asking: should we also be more flexible about how and when they get paid? Learn how Milestones Trust leverages Dayforce Wallet to support the financial well-being of their workers and pay them at the pace of real life: 

As more employees demand flexibility in their work, it’s worth asking: should we also be more flexible about how and when they get paid? Learn how Milestones Trust leverages Dayforce Wallet to support the financial well-being of their workers and pay them at the pace of real life: 

As more employees demand flexibility in their work, it’s worth asking: should we also be more flexible about how and when they get paid? Learn how Milestones Trust leverages Dayforce Wallet to support the financial well-being of their workers and pay them at the pace of real life: 

Today is the final business day for the 2024 financial year, where did the time go! Are you ready for your first full pay period for the new financial year, and what impacts it might have on your business? Here are some important things for you, as an Australian employer, should consider: - Super and Wage Increases - Are all employee expense claims closed out for 2024 - Changes to parental leave coming into effect in 2025 financial year - Are your policies and procedures compliant? - Performance reviews, are they booked in? - Workforce strategies, do you have an idea of what your future looks like? At Talent Advisory, we work with Tasmanian business leaders and owners to better manage their team, and overall protect their business from non compliance in the people space. Why risk chancing compliance to a free, off the shelf product or even worse, something from the web? For a confidential, no obligation enquiry into how bespoke HR solutions can benefit your business, please do not hesitate to reach out to us. Contact details in the comments.