St. Tammany Health System (STHS) will roll out an additional optional payroll benefit in mid-March giving employees the option to access a portion of their earned pay every day.
“The needs of our colleagues are evolving just as the workforce as a whole changes, too. We want to continually offer employees the tools they need to support their life work balance and the career path they choose,” said Christopher Ford, the health system’s senior vice president of human resources. “To do this we stay informed of, and in-tune with, market advances.”
“We know that this benefit will help colleagues who need it to find their way out of a financial jam with their earned wages, it will support what we now know as the ‘gig economy’, and it will help to incentivize colleagues to pick up shifts,” Ford added. “Two of our core values are teamwork and innovation, and this new optional benefit embodies both.”
STHS is the first health system in the region to offer this pay benefit. For employees who choose to utilize it, this benefit will allow employees to draw down a portion of their pay within 24 hours of the end of their most recent shift.
The daily pay option joins a recently enhanced suite of benefits offered to employees at the Covington-based health system, which in December was named to New Orleans CityBusiness’ list of Best Places to Work in New Orleans.