Today’s workforce is more distributed and tech-savvy than ever. It’s why the two key programs we offer – Wages on Demand and Performance Reviews – are essential to help companies stay competitive in a fast-changing labor market.
Wages on Demand: Greater Flexibility, Higher Engagement
As flexible work environments grow, tools like Wages on Demand are gaining traction.
“With the shift toward distributed work environments, I believe the focus will be on enhancing the employee experience and integrating more advanced technologies,” says John Feaman, IPS President. “Features such as flexible pay options—like wages on demand—will become more common, allowing employees greater control.”
Wages on Demand allows employees instant access to their earnings, where they can receive a portion of their compensation before payday. This means greater financial flexibility and reduces payroll costs for employers, and it’s a proactive way to attract and retain top talent.
Performance Reviews: Smarter, Automated, Continuous
Performance Reviews are moving from annual check-ins to continuous feedback powered by Human Capital Management (HCM) systems.
“Performance reviews play a vital role in shaping the work experience,” says Dan Gotzler, VP of Sales & Marketing. “They provide a valuable opportunity for employees to be recognized, discuss their achievements, and evaluate their pay. These reviews are an opportunity for employers to set clear expectations, give meaningful feedback, and align employee goals with company objectives.”
HCM Tools Better Support Performance Reviews with:
- Real-time goal tracking
- Auto-calculated ratings
- Scheduled reminders
- Custom review systems
- Create a career path
Gotzler says clients want automated systems to alert managers and employees when reviews are due, whether on desktops or mobile devices. They can use IPS templates or customize their own.
“The bottom line is teams with access to transparent performance data and shared goals are better equipped to develop their talent and improve employee retention,” he says.
If you’re interested in learning more about Wages on Demand or Performance Reviews, contact your IPS representative today.