Earned Wage Access

What is Earned Wage Access?
Earned Wage Access (EWA), also known as wage or salary on demand, is a scheme that allows employees to access a portion of their earned wages before their regular pay day. Unlike financing or traditional loans, EWA platforms are restricted to wages that an employee has already earned. This provides employees with flexibility to manage their finances across a month.

Benefits to Employer
Offering EWA options can help alleviate financial stress among employees, resulting in improved productivity and focus at work. By giving employees access to earned wages when they need it, employers can reduce the strain caused by short-term financial challenges. This can mitigate issues such as absenteeism, decreased performance, and mental health concerns associated with debt-related stress.