Technology companies Locum’s Nest and Earnd today announced a partnership to allow temporary NHS staff to access their money without charges, as they earn it, on-demand.
Under existing processes, healthcare professionals who wish to be paid outside of normal pay-runs, have to pay for the privilege. The partnership between Locum’s Nest and Earnd will allow this service to be offered free to the NHS workforce.
Up to now temporary staff frequently have to wait as many as 60 days to be paid for additional shifts they work. Now they can be paid within days of their shift finishing, for free.
The feature is available via the recently-launched Locum’s Nest Link product, Link which integrates core systems such as rostering and payroll into one function.
Dr Ahmed Shahrabani, Locum’s Nest co-founder, said: “Workers who do additional shifts should not have to wait weeks and weeks and weeks to be paid; this system allows them to be paid much more quickly, and it won’t cost to do so. It’s a win-win.”
Josh Vernon, chief executive, Earnd added: “Now more than ever we need to stand together to support our NHS. On-demand pay makes booking additional shifts more attractive to both trusts and doctors, thus reducing the need to use expensive agencies. By offering Earnd for free to the NHS we make it easier than ever for trusts to reduce their agency costs, whilst also supporting their staff’s financial wellbeing.
“Our research shows that NHS staff use overtime, bank and locum shifts to pay down debt, save for a specific financial goal, invest or even treat themselves. Having to wait up to 60 days to get paid causes unnecessary and often detrimental financial strain – regardless of how much you earn. Access to on-demand pay is, therefore, a right and not a privilege.
Date published: July 16, 2020