Every day can be a payday at Lunds & Byerlys, as the grocer embraces one of the latest perks in attracting workers to a tight labor market.
Lunds & Byerlys this week announced a new benefit delivered through Bloomington-based Ceridian that allows its employees to decide when and how often they wish to be paid for hours worked.
“We are thrilled to be among the first 100 companies in the United States to use Ceridian’s pay-on-demand feature so our team can be paid when it is most beneficial to them,” said Casey Enevoldsen, vice -President of employee experience at Lunds & Byerlys. .
While companies struggle to find workers, some employers are considering offering paycheck flexibility as an added benefit to help recruit and retain workers.
Paycheck advance applications that have emerged in recent years allow workers to quickly access their earned wages. Some like Earnin are available to everyone. Others, such as Branch, DailyPay, Even, and Payactiv, are offered to workers through their employers.
Supporters of these services say they offer workers who live on a paycheck much better alternatives to payday loans, cash advances, late payment fees and overdraft fees. Consumer advocates warn that the services should be used with caution, especially since some of them charge minimal fees for early transfers. Lunds & Byerlys employees will not pay any fees.
Lunds & Byerlys, headquartered in Edina, has 28 stores in the Twin Cities area and approximately 4,000 employees.