Melissa Quist’s Post

Did you know that 79% of workers prefer employers who offer Earned Wage Access? 📈 A survey reveals that 79% of employees are more likely to switch to companies offering Earned Wage Access (EWA). This benefit provides instant access to earned wages, boosting financial flexibility and job satisfaction. Is your company ready to make a difference? Explore how Earned Wage Access can set you apart! https://lnkd.in/gGc3Wtgc #EarnedWageAccess #EmployeeBenefits #TalentAcquisition #HRTrends #PayrollSolutions #EmployeeRetention

Earned Wage Access allows employees to access a portion of their wages before payday, providing them with financial flexibility and reducing stress. With 62% of Americans living paycheck to paycheck, offering EWA can enhance productivity, job satisfaction, and retention. This on-demand pay solution addresses urgent financial needs while supporting long-term financial well-being, making it a valuable addition to modern benefits packages. Explore the impact of EWA on employees and businesses in our latest article: https://bit.ly/3Xd4sxV

Why the Rising Popularity of Earned Wage Access? In today's fast-paced financial landscape, the concept of earned wage access (EWA) is gaining significant traction, and for good reason. Employees are increasingly seeking flexibility in their financial management, and EWA offers a solution that aligns with their needs. ·       Financial Empowerment: EWA allows employees to access their earned wages before the traditional payday, which can help them manage unexpected expenses and avoid costly payday loans. This empowerment fosters a sense of financial security.   ·       Improved Employee Satisfaction: By offering EWA, companies demonstrate a commitment to their workforce's well-being. This not only boosts morale but also enhances overall job satisfaction and employee retention.   ·       Attracting Top Talent: In a competitive job market, offering earned wage access can set a company apart from others. It serves as a valuable benefit that appeals to prospective employees looking for modern workplace solutions.   ·       Reduced Financial Stress: EWA can alleviate financial stress for employees, leading to increased productivity and focus at work. When employees are less worried about their immediate financial situations, they can perform better.   ·       Technological Advancements: The rise of fintech solutions has made it easier than ever for businesses to implement EWA programs, providing a seamless experience for both employers and employees.   At Entrust Payroll Solutions we continue to adapt to the evolving needs of our workforce, embracing earned wage access can be a strategic move that not only supports your employees but also strengthens your organization.

Unlock the potential of earned wage access and see the difference it can make for your company. From boosting employee morale to enhancing retention, discover how this simple solution can bring big benefits to your workforce and your bottom line. https://hubs.la/Q02PnFF50

The Rise of E.W.A – Earned Wage Access Did you know that 78% of workers live from one wage to the next? It's time for a payroll revolution! The rise of Earned Wage Access (EWA) is transforming how we think about payday. EWA lets colleagues access their earned wages before the traditional payday, giving them more options and better control over their finances. Why does this matter? - Helps workers avoid late fees and evictions - Reduces reliance on high-interest payday loans - Lowers financial stress, boosting productivity But it's not just about employees. EWA is a win-win for businesses too: - Supports sustainability by reducing paper - Drives digital transformation in payroll systems - Improves employee satisfaction and retention As we navigate the future of work, EWA is more than a trend—it's a step towards better financial well-being for all. What are your thoughts on Earned Wage Access? Have you implemented it in your organization? Share your experiences in the comments! Want to learn more about how EWA can benefit your business? Visit our website, www.wagewolf.co.uk for a free demo or scan our QR code to ask any questions you may have directly. #EarnedWageAccess #FinancialWellbeing #FutureOfPayroll #EmployeeBenefits

Earned wage access continues to be one of the most popular benefits that employers offer. It not only gives more flexibility to workers but it helps create a more engaged workforce and can boost recruitment, retention, and engagement.    Earned wage access has gone from something employees wish for to something they expect.   Ideal Home Health Sees an Increase in Operational Efficiency With DailyPay After adopting DailyPay, Ideal Home Health saw operational and compliance improvements along with a boost in job satisfaction. https://lnkd.in/ePYHkZXG   Debunking the 4 Biggest Myths About Earned Wage Access There may be misconceptions when it comes to earned wage access. However, recent research has helped ease these concerns and proves the huge value of EWA. https://lnkd.in/eV8nh_-W   A New Way Forward Jon Lowe, Chief People Officer at DailyPay is featured in HR Professionals Magazine discussing earned wage access' journey as a benefit and how it is viewed by employers and employees today. https://lnkd.in/eRC9Hcaj DailyPay Wins Best HR Tech of the Year  Global Business & Finance Magazine has awarded DailyPay as the Best HR Tech of the Year USA 2024. https://lnkd.in/euqrkQqj

The advantages of applying a EWA (earned wage access). New research shows that innovative solutions like Earned Wage Access (EWA) not only reduces absenteeism and financial stress to boost productivity while promoting financial inclusion in South Africa but can also reduce employee turnover by 35%. There is a cost to employee turnover and your business has to pay it. It’s not just the direct costs of recruiting, hiring, and training new employees; there are also indirect costs like lost productivity, decreased morale, and the potential impact on your brand reputation. Industries such as manufacturing, construction, retail, trades, services and security in particular suffer – averaging at around 37% employee turnover per year. Most companies that implement EWA report seeing around a 35% reduction in employee turnover. This means 35% fewer employees leaving saving you 35% on your annual replacement costs. EXAMPLE: Company A has 1000 employees with average income of R10 000pm. Their annual staff turnover rate is 18% (180 staff per year). At an average replacement cost of R60 000 this is costing the company R10.8 million per year. Adopting a EWA will reduce this by 35% equating to a saving of at least R3.7 million per year. Our EWA does not charge interest and is available to businesses with employees as small as 20. Our EWA wont cost you as the employer anything, meaning you can add it as a zero-cost employee benefit which is going to reduce financial stress and promote financial inclusion. In addition your employees will also receive valuable financial education. Adinaan Allie FINANCIAL & BUSINESS ADVISOR +27 71 675 3216 adinaan@elysianfs.co.za

💼 The Impact of the National Living Wage 💼 The national living wage presents unique challenges and opportunities for HR & Reward professionals. Let’s use this shift to create more equitable and motivating reward systems! Here’s how: 🟢 Employee Retention and Satisfaction: Higher wages lead to improved morale and reduced turnover, essential for a stable workforce. 🟢 Attracting Talent: Competitive wages are key to attracting top talent and enhancing our employer brand. 🟢 Cost Management: Balancing increased wage expenses with budget constraints requires strategic planning and innovative compensation structures. 🟢 Pay Equity: Ensuring compliance with wage laws and maintaining pay equity across the organisation is crucial for trust and transparency. 🟢 Total Rewards Strategy: Integrating non-monetary benefits and development opportunities can maximise the effectiveness of total compensation packages. 🟢 Impact on Small Businesses: Smaller firms need creative solutions, like flexible benefits and efficiency improvements, to manage higher wage impacts. How is your organisation adapting? #RewardProfessionals #NationalLivingWage #CompensationStrategy #EmployeeRetention #PayEquity #TotalRewards

Tackling the challenges of the modern economy, especially for Gen Z employees, demands innovative work tech tools. Find out how earned wage access can be a game-changer in retaining and empowering your team in this article by DailyPay, Inc.'s SVP of HCM, Carly Brush.

We're gathering surveys for the 2025 Wage & Benefits Report, a vital tool for contractors to compare wages and benefits in their region. Here's why you should get your hands on it: 💡 Informed Decision-Making Gain valuable insights into regional compensation trends and competitor practices, helping you optimize your compensation packages and employee benefits. 💼 Competitive Edge With a growing skills shortage in Minnesota's electrical industry, it’s more important than ever to benchmark your pay and benefits against similar companies. Stay competitive to attract and retain top talent! 🔑 Retention & Morale Boost retention by understanding your employees' expectations. Identify gaps in your compensation and benefits, and keep your workforce happy and engaged. 💰 Cost Control Use data to strategically manage salaries, benefits, and incentives, helping you control costs without sacrificing employee satisfaction. 📈 Negotiation Power Accurate data strengthens your position in salary and benefits negotiations, giving you confidence when discussing compensation with current or future employees. 📝 Submit a Survey and Get the Report for Free! Contribute to the survey and receive the report automatically by the end of April 2025. Members who don't submit can still purchase it for $49 after April. Find more details here: https://bit.ly/40GcX89 #WageReport #ElectricalIndustry #TalentRetention #CompetitiveEdge #WageAndBenefits