Payroll loan company Lendly says the average loan is$1,000 and that the average employee pays it back in 26installments of $62. (Photo: Shutterstock)
Major employers are increasingly providing loans to employees inan attempt to combat the negative effects of financial stress in the workplace.
A survey of 250 employers by the Employee Benefit ResearchInstitute last year found that 12 percent already offer workers theoption to get paid ahead of time, often for a small fee. Fourpercent of those surveyed said they plan to put in placeaccelerated pay in the future.
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