On-Demand Pay and Navigating Early Wage Access Laws and Regulations
This program is pre-approved for 1 SHRM PDC & HRCI General Credit
Burke Rice, Director of Sales
rapid! Paycard
78% of US workers are living paycheck to paycheck. Timing of payroll can cause employees to struggle with making ends meet. Many resort to requesting a payroll advance or short-term loan, placing them in an uncomfortable situation. Learn how on-demand pay can empower your employees, and what unexpected results could benefit employers such as using it as a recruiting and differentiation tool, as immediate pay access is a benefit not all employers offer. Understand administrative and legal considerations that should be considered before implementing such a system for your company and employees.
Learning objectives:
On-demand pay benefits for employers
- Recruitment tool
- Employer differentiation
- Employee retention
On-demand pay benefits for employees
- Quicker access to pay
- Less financial stress
Navigating the laws and regulations impacting on-demand pay
Burke Rice is the Director of Sales for the Western US at rapid! PayCard. Burke brings to his role more than 25 years of sales, sales management, operational oversight, and entrepreneurial experience.
In his early career, Burke worked in banking and public accounting with Bank of America, US Bank, and Grant Thornton LLP. Over the past ten years, Burke has focused on the unbanked and underserved population of the US, serving as Executive Vice President of a national payroll card company and Chief Operating Officer of a start-up organization designed to serve the cash economy.
Burke is a fourth-generation Oregonian and currently resides in Portland, OR with his wife Christy and their four children. Burke was a division one collegiate athlete and captained the golf team at Santa Clara University while earning his degree in Economics. Outside of his daily duties, Burke served as a Director for the Evans Scholars Foundation / Western Golf Association for 9 years through 2017. He is actively involved in number of charities and professional organizations in his community.
