Today's employees face increasingly challenging financial realities as the cost of living and daily expenses continue to rise across the country. With 60% of Americans living paycheck to paycheck, 77% cite being anxious about their financial situation. We are facing the stark reality that our current financial structures are not giving Americans the support they need to make ends meet.

The question remains: what can be done to mitigate our current stressful financial environment? For employers and employees alike, one potential solution is changing the bi-weekly pay cycle to better fit the needs of the modern workforce. The bi-weekly pay cycle seems as set in stone as paying taxes or paying your mortgage. Yet this traditional pay structure is not necessarily built for the needs of today's workforce – bills are due at various times throughout the month and emergency expenses can come up at any time. Furthermore, late fees, interest payments, overdrafts, and reliance on debt products — like credit cards — to fill the gap between paychecks, has been the reality of many hard-working Americans whose bills don't wait for payday to be due.