Workers at Church's Chicken, Pizza Hut, and Checkers can now get expedited pay as U.S. restaurants grapple with a labor shortage that's not showing any signs of abating.
Restaurant chains are pulling out all the stops to attract and retain cooks and cashiers amid persistently low unemployment. The latest move: same-day and next-day paychecks. Starting in June, eight Church's Chicken restaurants will offer employees half of their earned pay the day after their shift. The test will gauge whether the 50 percent is enough for workers, and the idea is to roll it out more widely going forward. It's not a loan, and there are no fees.
“It will give the employee the chance to get spending money quicker,” Church's CEO Joe Christina said in an interview. “Some people just can't wait two weeks to get paid.”
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Meg Waters
Meg Waters is the editor in chief of Treasury & Risk. She is the former editor in chief of BPM Magazine and the former managing editor of Business Finance.
