Soaring financial stress means certain benefits have become a necessity for hourly workers.
The employers who understand this are the ones who’ll win the battle for talent.
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Earned Wage Access (EWA), or on-demand pay, is the ability for employees to withdraw money they have already earned, whenever they need it – rather than waiting for a set payday.
EY research found that 70% of all workers are paid either monthly or every two weeks, yet 80% of workers want their pay to be calculated on-demand.
Offering EWA as a financial benefit can enable you to better your EVP; better the performance, productivity, experience, and wellbeing of your employees; and translate into positive ROI across recruiting, retention, and talent management.
