Provide earned wage access and much more
- The no-cost, low-lift benefit
- Improve talent recruitment & retention
- Increase employee engagement & well-being
The no-cost, low-lift benefit
Most new benefits come with the challenge of identifying, evaluating, implementing, and managing vendor solutions. That’s a lot of work, especially if you’re not sure your employees will even use it.
For existing payroll customers, our EWA solution is among the most cost-effective and straightforward benefits to implement. That’s because you already have it! We just need to switch it on.
Setup only takes a few hours of your time. And once you’re live, we’ll manage all employee inquiries.
Improve talent recruitment & retention
EWA can have a measurable impact on your ability to both attract and retain talent.
In one study, job postings that noted earned wage access as a benefit were filled 27% faster. On top of this, implementing EWA has been shown to reduce turnover by 16%.
By improving employee churn and the time it takes to hire for open roles, your teams can focus less on filling positions and more on strategy and execution.
Increase employee engagement & well-being
Financial stress can weigh heavily on your employees, resulting in low morale and lost productivity.
EWA helps you turn these losses around by improving engagement and loyalty. In fact, around 57% of employees say they would work harder and stay longer for an employer with EWA.
But EWA is only the beginning. With myFlexWallet, you can bundle EWA with tax-advantaged accounts and other financial well-being tools to give employees one place for their most critical benefits.
The features of myFlexWallet
Earned wage access
Payroll card
Time and pay tracking
Savings account with interest
Visibility into tax-advantaged accounts
It was the easiest implementation I have ever experienced in my entire life... Our employees love [earned wage access], and in turn, our executives love payroll because we’ve done something for the employees that cost us nothing.
Director of Payroll Operations, WideOpenWest
When I pitched [earned wage access] here, we kind of got pushback a little bit, like ‘Why would we need that?’ Then, once we rolled it out, it became, ‘I can’t believe we didn’t have this before.'
Director of Payroll, Purple
We’ve had several teammates who have said that ‘I got into a bind with something, and I had an emergency come up. Something happened with my car.’ I’ve heard a couple different variations where [earned wage access] really saved the day for some of our teammates. And that makes me feel good about our decision to move forward with the benefit.
Director of Global Payroll, Owens & Minor
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