Employers can help improve the financial wellness and eliminate cycles of debt for workers by allowing access to hard-earned pay every single day. This earned wage access is essential for getting workers out of crippling cycles of payday loans and credit card debt. Immediate verifies hours worked and allows your employees to access their pay early, all with no additional cost to the employer.
How Immediate works
Work day ends
Worker completes work day and clocks out using normal process
Verification
HR software is updated with hours worked, including clock-in and clock-out
App updated
Immediate is notified of hours worked and makes earnings available for transfer
Payment delivery
Immediate sends money via user’s preferred account: bank account or loadable debit card
Split payroll
On the next payday, repayment of accessed earnings are routed using payroll software
Reimbursement
Immediate is repaid directly through the payroll process
Immediate benefits
Employee retention
Reduce turnover while building loyalty and higher motivation amongst your employees
Company growth
Attract top talent who take pride in your company’s growth and success
Cost Savings
Reducing turnover can save your company both financial resources and time