Earned Wage Access
Provide
Go beyond the limitations of traditional pay periods that don't always align with employees' spending and cash flow needs.
Why Provide Earned Wage Access?
Improved Retention
Employers see an average 29% reduction in turnover and a 12-day annual reduction in absenteeism per employee.
Time & Cost-Savings
Eliminate the need to process advances by leveraging on-demand pay solutions at no additional cost.
Attract Applicants
Employers with earned wage access as an available benefit attract twice as many job applicants.
Go Beyond The Limitations Of Traditional Pay Periods
Keep Your Existing Processes
No changes need to be made to your current payroll or timekeeping processes, and employees track time and earn wages as they normally would.
Access Wages On Demand
Employees can access wages they've earned on demand when unexpected or unplanned expenses come up through a multitude of options, including instant deposits and prepaid cards.
Run Payroll As Usual
When payday comes, any wages withdrawn by the employee are paid back to the EWA provider, leaving no additional administration for employers to handle.
Earned Wage Access Features
Earned Wage Access
Financial Wellness Tools
Recognition Tools
Reward Tools
Announcements & Polls
Perks Marketplace
Learn More About
Earned Wage Access
Earned Wage Access integrates seamlessly for People Lease clients to allow for an easy setup process with no changes to your current payroll process required. For businesses leveraging People Lease, expect to see these key benefits:
- No cost for employers
- No changes to your current payroll process
- Employees can access anytime on a desktop or via the mobile app
- 27 / 7 / 365 support administered by People Lease
- Employer added value with employee recognition functionality
- ...and many more!
Download the Earned Wage Access Overview whitepaper to learn more.
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Earned Wage Access FAQs
Earned Wage Access is a no-cost solution that companies can use to expand their employee benefit offerings. It enables employees to access a portion of their earned wages before payday, which can reduce financial stress and provide greater flexibility in managing day-to-day expenses.
Unlike traditional pay advances that require manual processing and tracking, EWA is automated through a payroll integration, with repayments from any wages withdrawn by the employee automatically being paid back to the EWA provider on payday. This removes administrative burden and eliminates the need to manage advance requests manually.
EWA gives employees self-service access to their earned wages whenever they need it. Instead of coming to you for advances, they can request funds through the Earned Wage Access platform or app.
No. Employers are able to provide Earned Wage Access at no additional cost. Instead, a small fee is taken from the employee’s wages when withdrawn early.
No. Any wages withdrawn early by employees are instead paid back to the EWA provider on payday, instead of to the employee.
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