Parent company of Famous Footwear rolls out on-demand pay

Caleres is making any day payday for its employees.

The global footwear company, whose brands include Famous Footwear, Allen Edmonds, Vionic and Sam Edelman, has rolled out Dayforce Wallet, an on-demand pay solution from Ceridian. The solution is available to Caleres’ more than 9,000 full- and part-time employees in the United States and Canada. (On-demand pay is an employee payment method that allows employees to access some or all of their wages as they are earned.)

Caleres said it wanted to deliver an innovative employee pay experience while continuing to maintain pay accuracy and compliance. The company currently uses Dayforce Payroll, Ceridian’s payroll solution, to manage its complex pay. With the addition of Dayforce Wallet, Caleres will elevate its payroll capabilities by offering its workforce on-demand access to earned wages.

“At Caleres, we believe in the power of investing in our employees’ well-being, so we knew Dayforce Wallet would be a great addition to our overall employee experience,” said Doug Koch, CHRO, Caleres. “Dayforce Wallet has given our employees the ability to pay for unexpected expenses without relying solely on credit cards or other forms of debt.”

[Read More: Parent company of Famous Footwear names new CEO]

Caleres began a pilot program with Dayforce Wallet in March, followed by a full, company-wide rollout of the program this summer. Within six months of implementation, more than 25% of Caleres’ eligible employees have registered for Dayforce Wallet, with a total of over $3.2 million of earned wages paid out on-demand.

“Early wage access is no longer just an option – it’s an essential benefit that helps employers stand out against competitors, especially in hyper-competitive industries like retail,” said Seth Ross, general manager, Dayforce Wallet and consumer services, Ceridian. “Employers like Caleres that have implemented Dayforce Wallet have seen great results in their recruitment and retention efforts.”

Caleres is made up of a diverse portfolio of global footwear brands. Its products are available in the nearly 1,000 retail stores it operates as well as in hundreds of major department and specialty stores. Its brands include Famous Footwear, Sam Edelman, Naturalizer, Vionic, Vince, Franco Sarto, Dr. Scholl’s Shoes, LifeStride, Blowfish Malibu, Bzees, Circus by Sam Edelman and Ryka.