Earned wage access presents opportunities and benefits for international corporations, brick-and-mortar retailers, and traditional gig economy users. Two notable companies, Uber and Wal-Mart, provide examples of how earned wage access can support employees while meeting an organization’s business objectives.

When considering an earned wage access partner, it is important to review parameters for wage disbursement and how on-demand pay is funded for the payroll provider and employer. Leading earned wage access solutions that actively help employers manage the financial wellness of their employees do not advance future wages or charge interest.

Easy implementation should be a staple of any earned wage access solution. Here we will discuss important considerations for both the employee and employer, including seamless integration and how funds are accessed by the employee.

At AnyDay, we believe payroll service providers, workforce management companies and professional employer organizations should take a closer look at their programs to address the financial challenges faced by today’s workforce while motivating employees to improve their overall economic well-being.

The AnyDay team has extensive experience in the financial services and payments industry. Learn more about our leadership and how we can help facilitate an earned wage access solution that meets your needs.

Our dedicated team has extensive experience in the financial services sphere and a track record of success in the payments industry.

As awareness of instant pay grows, hourly and salaried workers want employers to provide immediate access to earned wages. Simultaneously, enterprises, including brick-and-mortar businesses, want an effective earned wage access solution as a tool to recruit and retain employees.