McDonald’s provides associates real-time wage access
Employees at more than 60% of U.S. McDonald’s locations now have on-demand earned pay.
McDonald’s is leveraging integrated functionality from earned wage access and financial wellness solutions provider Tapcheck Inc. and artificial intelligence-equipped quick-service restaurant workforce management platform Lifelenz to provide employees at select stores real-time access to earned wages embedded within the system they use to manage their shifts.
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The Tapcheck SmartCalc algorithm is a calculation engine that delivers a real-time earned wage balance using time and attendance data. Once connected, SmartCalc begins analyzing time and attendance records to calculate a conservative, real-time earned wage balance for hours an employee has already worked.
"Partnering with Lifelenz to bring real-time, on-demand wage access to employees across thousands of quick-service restaurants is a milestone moment for financial wellness in the QSR industry," said Ron Gaver, co-founder and CEO of Tapcheck. "Making financial wellness accessible at scale requires rethinking how employees experience their benefits. When on-demand pay is built into the systems employees already interact with, access becomes simpler, more intuitive, and part of the natural flow of work. That's where the industry needs to go."
The SmartCalc algorithm also eliminates manual payroll adjustments. This allows employees the flexibility to have access to earned wages on their own schedule without any additional work by payroll departments.
"At Lifelenz, our focus has always been on making life easier for restaurant operators and their teams,” said Jason Marker, CEO of LIifelenz. “Integrating Tapcheck is another step in that direction. Giving McDonald’s employees the ability to see and access their earned wages directly through a platform they already use every day is a simple but important improvement. It gives employees more control and flexibility over their finances, while helping operators deliver a better employee experience."
McDonald’s is the world’s leading global foodservice retailer with over 46,000 locations in over 100 countries. Approximately 95% of McDonald’s restaurants worldwide are owned and operated by independent local business owners. Uber Eats leverages Uber’s technology and logistics capabilities to partner with 825,000 retailers in more than 11,000 cities globally.
