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.
Download this guide today to:
- Zoom in on why hourly workers are under such financial stress.
- What benefits EWA can offer the business and your employees.
- How and why employer-sponsored EWA can help to drive the best employee experience.
- What EWA can look like for enterprise organizations.