As the cost of living continues to rise, more and more employees are finding it difficult to make ends meet. This is especially true for low-wage workers who often have to choose between paying their bills and buying groceries.
Enter: earned wage access (EWA) solutions like Immediate.
EWA allows employees to access their earned wages before their next paycheck, giving them the financial flexibility they need to cover unexpected expenses or simply make it to the end of the month. Here are three reasons we’ve found why human resource directors love Immediate:
1. It’s free (and easy) to offer
It’s easy to associate HR solutions with complicated processes and lengthy timelines. However, that is not the case with Immediate! Since we’re already integrated with more than 60 leading payroll, time tracking, and point of sale systems, launching Immediate is a truly seamless experience.
If we’re not already connected with your systems, it takes as little as two weeks for our team to complete new integrations. One HR director even said Immediate is one of the easiest integrations she’s completed in her 33-year career!
2. Confidence your team is taken care of
Money problems can be a major source of stress and distraction for employees. When employees are stressed, it’s often reflected in their work. With an EWA solution in place, your employees will no longer have to worry about money, which will boost their morale, improve their work quality, and contribute to their overall wellness.
“I lose sleep over a lot of things, but that’s something I don’t lose sleep over – is that someone’s going to have an unexpected expense that they can’t take care of – because Immediate solved that problem for us.” – Lisa B., HR Director
3. Recruit the best workforce
In today’s competitive job market, talent is hard to come by. But with EWA, you can attract the best and brightest workers to your company. After all, who wouldn’t want to work for a company that offers earned wage access?
“Being able to receive your pay before two weeks is the best thing ever because it makes me feel secure enough not to have to pick up on other jobs.” – Amber H., ImmediatePay user
With EWA, your employees will have a responsible alternative to predatory lending services when unexpected expenses arise, which will free them up to focus on their work. Book a call to learn more about our EWA solution and how it can benefit your company!
If you’re looking for a way to improve employee retention, boost morale, and attract top talent, look no further than Immediate.
Book a 15-minute discovery call today!
Written by: Kristen Anderson