Earned Wage Access
Employees are no longer bound by weekly, bi-weekly, semimonthly, or monthly pay periods. With earned wage access (EWA), they can access a percentage of the wages they’ve already earned whenever they want.
Employees can’t wait for payday—now they don’t have to
Employees want to control when they get paid and how. With earned wage access, they finally can—and you don’t have to lift a finger. When payday is any day, workers get the cash flow they need to handle unexpected expenses life tosses their way. Plus, they can finally stop relying on financial products, like payday loans.
The Benefits of Earned Wage Access
Besides offering more control and financial stability for your employees, earned wage access can help you:
Save money
Are you tired of processing payroll advances? EWA is free and easy to offer.
Retain employees
Businesses experience up to a 29% reduction in turnover.
Attract applicants
With EWA, you can attract up to two times more applicants than your competitors.
Frequently Asked Questions
What’s the benefit of offering EWA to my employees?
Companies that offer earned wage access have seen benefits such as:
- A reduction in turnover and hiring costs
- Employees are more loyal and productive
Is there a minimum requirement for the number of employees?
No, earned wage access is available for all clients with 1 or more employees.
If my employee leaves, am I responsible for the money they borrowed?
No, our partner ZayZoon funds all early wage requests at no cost, risk, or liability to the employer.
Are there resources to help my employees manage their finances?
Yes! ZayZoon offers complimentary financial education for clients through its Financial Wellness program, which includes content, online courses, and prediction tools.