logo

Earned Wage Access:  
Why Top Companies Are Using It in Their Compensation Package

Custom content for Instant Financial by studioID
GET THE PLAYBOOK
Yes, I'd like to sign up for the HR Dive newsletter. You can unsubscribe at any time.  
By completing this form, you accept the Terms of Use and Privacy Policy. You also agree to having your information shared with our sponsor, Instant Financial.*

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: ​  

  • Why the number of companies expected to offer EWA is expected to quadruple to 20% from just 5% in 2021
  • How EWA increases employee retention by 36% with 91% of employers saying it’s a recruiting advantage
  • How EWA works and the five questions every senior leader should ask about any EWA program
asset-image

Copyright @ 2022 | HR Dive | 1255 23rd Street, NW Suite 550 Washington, DC 20037, USA