New Financial Reality: The Rise of Non-Traditional Wage Management
Millennials are currently the largest generation in the American workforce, and they are choosing unconventional banking options more than any other generation. Global Cash Card teamed with The Center for Generational Kinetics to sponsor a national study that explored the perceptions of American workers with respect to pay and paycards. The results were surprising! For example, our research found that roughly five million Millennials do not have a checking account, mainly due to a distrust in banks.
Understanding the employee perspective on pay and how it is received is critical for companies and leaders today as they compete to attract and keep the best possible workforce of every generation.
The research revealed:
- Insight into the payment needs of four generations in the workplace
- Current employee perceptions of alternative payment methods
- Findings on who Americans think are better at managing money... men or women!
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