What is Earned Wage Access?
Our hourly employees have fear and anxiety that results from not being able to pay living costs.
- The Method HR AnyDay earned wage access platform is accessed through a friendly mobile app.
- Employee has access to approved wages instantaneously via a physical or virtual AnyDay debit card
- This allows employees to access 50% of their earned wages before payday and manage their budgeting and payments simultaneously
- No-cost to the employer or employee which increases financial wellness and aids employee retention
- Results in an EMPLOYEE ACQUISITION AND RETENTION TOOL
For example, stressed employees are more likely to:
- Be distracted at work and have lower productivity
- Seek another job
- Carry credit card debt and have difficulty making their minimum payments.
- Use retirement funds early in response to lack of savings
- Have their attendance at work negatively impacted due to financial strain
- Suffer from depression and anxiety