Advantages to using an Early Wage Access program
Increase employee retention
Improve employee morale
89% – employees report less stress
29% – reduction in employee turnover
4.9/5 – Customer Success review rating
79% of Employees Are Willing to Switch to a Company That Offers Early Wage Access
Providing benefits tailored to the current needs and situations of employees is a more robust plan. Shortening the pay cycle, thus giving access to funds quicker.
78% of Americans Live Paycheck to Paycheck
Early Wage Access is a real solution for real problems. Employees can use Early Wage Access to help buy groceries, purchase personal items, and address unexpected emergencies.
$702 in Annual Savings with Earned Wage Access
Saving money isn’t always an easy task, but as technology progresses it does make many aspects of our lives much easier. These advancements have done wonders in terms of managing/protecting finances.
Data is securely exchanged with California Payroll systems to allow employees to safely create an account and to calculate earned wages available.
ZayZoon funds all early wage requests. There is no risk or liability to the employer. Funds are automatically recovered on the next payroll cycle.
ZayZoon handles all employee support. There is no additional overhead for the employer to manage the program.
The service is employee paid, or employers can choose to help subsidize the benefit.
There isn’t a difference! These are all terms you may see used for programs that provide early access to earned wages:
Early Wage Access
Employee Financial Wellness
Earned Wage Access
Paid By Day