Sixty percent of U.S. employees live paycheck to paycheck. Two weeks or a month can be a long time to wait when money is needed now. Payday loans are no answer. So how can a company offer immediate access to earnings without creating an accounting and HR nightmare?
Earned wage access (EWA) is the answer. Without penalizing the company or the employee with a fee or other charge, EWA is the new way for companies to support employees’ financial wellness through on-demand cash availability. This playbook examines what EWA is and isn’t, showing decision makers why companies like McDonald’s and Uber have made it a featured recruiting and retention tool. You’ll also learn: