If an employee at your organization is faced with an unexpected financial burden, like an emergency, they may have limited options. At worst, they may turn to predatory payday loans, which carry high interest rates and can lead to a vicious cycle of debt.
An increasingly popular solution to help employees combat this cycle and secure financial wellbeing is Earned Wage Access (EWA) — the ability for employees to access to a certain amount of their accrued wages prior to receiving their regular paychecks. Now, best-in-class tools have become available that enable this powerful option for employers with simple configuration for employers, and integration with their cloud payroll solution.
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