Workforce Engagement Through Earned Wage Access
Tapcheck Team
March 20, 2020
Do you want dedicated workers who share ideas, refer good candidates to fill positions, and exceed their work goals? Creating a culture of employee engagement, also known as workforce engagement, is the key to getting it. Effective employee engagement strategies boost morale and inspire your staff. It’s the polar opposite of many work cultures where employees feel underappreciated and overworked.
Creating a Culture of Employee Engagement
It all starts with team morale. Businesses need to acknowledge great work and be somewhat flexible in approaches. To have an engaged workforce, you want confident people, and maximizing morale is one way to get it.
Managing employees goes beyond promoting great team morale. Workers want to communicate with management and at least have their voices heard. Managers should also routinely recognize their people for a job well done and work hard to create a high level of trust. Proper management leads to a greater chance of having an engaged staff.
Benefits of Workforce Engagement
Creating a culture of engagement also helps with retention. Employees who feel respected and trust management feel a bond to their company. They’re more likely to be loyal and not jump to another job.
Having workforce engagement can mean better customer service and fewer costs related to turnover.
Create Workforce Engagement With Earned Wage Access
But how to create an engaged workforce? One way is to use an employee engagement benefit called earned wage access or on-demand pay. It is a low-risk/no-cost employee engagement strategy.
Financial stress is a significant problem for employees of any sized business. With EWA, they can pay a small fee and access the money they’ve already earned. That allows them to help cover unexpected costs and improve their household cash flow while eliminating some financial stresses.
EWA also makes businesses more attractive to work for, mainly if it’s hourly pay. That cuts down on having to recruit and retain new personnel all the time.
There are many strategies to try to create employee engagement in the workforce. Outside of paying employees more, there are very few ways to do it financially. EWA is a proven employee engagement benefit to help create workforce engagement.
