For employers, Earned Wage Access (EWA) programmes represent an additional tool in a recruiter's arsenal to compete for talent, while giving HR another way to help employees reduce financial stress in the short term. As a complement to a broader financial wellness programme, employers can leverage an EWA programme to help employees to head down a path to feel more in control of their finances.
A. BENEFITS
EWA offers many benefits to the employer
Attractive to Employees
Employers also find that employees who use this offering are more loyal and want to stay with them longer, reducing turnover and its associated costs highlighting why the timing for employers to offer EWA is so opportune. Employees working for companies that didn't offer EWA said they would be interested if their employer were to offer it
Competitive Recruitment Advantage
Employers offering EWA can gain a competitive recruiting and retention advantage.
B. IMPLEMENTING EWA
The biggest perceived obstacles to implementing EWA according to employers who had not yet adopted a programme were compliance, cost of implementation and complexity. Our EWA solutions have no impact on existing payroll processes, but simple simple to execute - compatible with existing payroll processes, providing flexible pay options without adding cost or complexity for payroll departments.
C. HOW TO SIGNUP
To sign your business up as an employer for your employees, kindly review the details on our Employer Partnerships.
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