New Approaches To Payroll And Retail Delivery | PYMNTS.com
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New Approaches To Payroll And Retail Delivery

New Approaches To Payroll And Retail Delivery

The digital shift has been more seismic than subtle for companies such as logistics firm Shipt, which has seen a massive business spike even in the context of the pandemic. And in next-gen payments, companies and workers are seeking quicker and more flexible payroll solutions, particularly in a time of uncertainty. Companies may have to adjust the two-week payment cycle to a process that meets the changing needs of the workforce. All this, Today in Data.

Data: 

200K: Number of Shipt’s current shoppers – double what it had at the beginning of the pandemic.

278%: Shipt’s revenue bounce in Q1 2020 compared to 2019.

60%: Share of PPP funding that must be used for payroll-related costs to qualify for loan forgiveness.

24: Number of weeks businesses now have to spend PPP funds.

4.8M: Number of jobs U.S. employers added in June.

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