Company Name: LKQ Corporation
Industry: Retail Auto Parts
Founded in 1998 as a recycler of automotive parts, LKQ Corporation (LKQ) has grown into a Fortune 500 company and a leading provider of alternative and specialty parts for automotive repair and customization. With 46,000 employees worldwide — 20,000 of whom are based in North America — LKQ’s human resources (HR) team is focused on delivering benefits that meet the evolving needs of its diverse workforce.
Need
Employee feedback from LKQ’s annual engagement survey revealed interest among hourly workers in shifting from biweekly to weekly payroll to improve access to earned wages. Many team members lacked emergency savings and faced challenges managing unexpected expenses. However, the cost and complexity of moving to weekly pay made it an impractical solution for the company.
Solution
LKQ sought a way to provide employees with greater financial flexibility — without adding risk or increasing administrative burden. The HR team was already familiar with on-demand pay, a financial wellness benefit that allows employees to access a portion of their earned wages before a regularly scheduled payday.
Through its existing relationship with PNC, LKQ added PNC EarnedIt to its financial wellness benefits package for employees in the US. Implementation was seamless thanks to PNC EarnedIt’s compatibility with most payroll and timekeeping systems, PNC’s established relationship with LKQ, and the expertise of LKQ’s payroll and HR information systems teams. Together, LKQ and PNC developed a detailed project plan, held regular meetings to ensure proper data file setup, and conducted thorough testing to ensure a smooth, disruption-free introduction.
Results
Many LKQ employees have opted into PNC EarnedIt, gaining more control over when they access their earned income. Employees can easily transfer on-demand pay to any bank account, debit card or pay card — providing more flexibility for managing unexpected expenses, avoiding late fees and interest charges, and planning personal finances with greater confidence.
PNC EarnedIt has helped improve LKQ’s average turnover for US operations by 27.5% in 2025. This benefit has also become a valuable tool in LKQ’s recruitment strategy. The benefit is featured in job listings, recruitment flyers, and talking points for hiring managers — making it a visible and attractive offering for prospective employees.
We wanted to help our employees by giving them access to the wages they’ve already earned. We’re always evaluating benefits and constantly making sure that the effort that goes in matches the impact they have for our employees. When something like this is high impact and low effort, it just makes sense.
