Earned wages access
What is Earned wages access?
Earned wage access is a type of payroll programme where employees can get access to their earned wages at any point in the month, rather than waiting until their official 'pay day'.
There are a bunch of providers seeking to revolutionise the way workers are paid, as why should employees have to wait until a certain day to access the money they've earned? At Ben, we've partnered with some of these providers so you can choose the best one for you & your team!
Why should you offer earned wages access?
Giving employees early access to their wages is a super impactful way to assist them through the cost of living crisis. Here's how earned wages access can benefit both you and your team...
Benefits to employees:
- No need to take out short term loans to pay for goods before pay day.
- Peace of mind that they can cover unexpected costs that crop up throughout the month.
- Reduced financial stress as employees can access wages as soon as they've earned them.
Benefits to you:
- Happier, less financially stressed employees leads to higher retention.
- Boost your employer brand with a socially responsible and progressive payroll system.
- Attract talent with a competitive employee benefit!
Why offer earned wages access through Ben?
Ben makes offering earned wage access easy. You'll work with a benefits consultant to help you determine if this is the right benefit for you and how it will fit in with your overall package. From there we'll help you find a provider at a preferred price through our global broker network.
Our onboarding team ensures all employees are set up properly, and with ongoing self serve enrolment, as well as automated provider communications. All admin work is taken care of for you, including if you offer various levels of coverage or dependent enrolment.
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Ben is easily the most engaged initiative we’ve ever had. It gets everything to everyone in different locations, and I can’t even tell you how much time it’s saved us.
