Benefits of Earlypay for businesses and employers
The unfortunate reality is that many salary earners live from paycheck to paycheck. They experience severe cash flow limitations, largely driven by a gap between unexpected daily spending and regular pay cycles. Earned wage access relieves some of the stress of living paycheck to paycheck.Providing on-demand wage access to your employees will improve your employee’s financial well-being. Studies and surveys have shown that improved employee financial wellbeing leads to
· Increase productivity — financially stable employees are five times less likely to lose concentration while at work.
· Increased employee satisfaction — when employees are worried about money, it affects their moods at work and interactions with coworkers, clients, and even you as their employer.
· Higher employee retention — employees who are financially secure are less inclined to look for a second job or apply for a new one.
· Reduces absenteeism — With EWA, companies have reported a 74% reduction in absenteeism
· Save more money — save money by reducing the need to hire and train new employees
· Increase productivity — financially stable employees are five times less likely to lose concentration while at work.
· Increased employee satisfaction — when employees are worried about money, it affects their moods at work and interactions with coworkers, clients, and even you as their employer.
· Higher employee retention — employees who are financially secure are less inclined to look for a second job or apply for a new one.
· Reduces absenteeism — With EWA, companies have reported a 74% reduction in absenteeism
· Save more money — save money by reducing the need to hire and train new employees
Updated on: 30/03/2023
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