What is Earned Wage Access?
Earned Wage Access is also often called On-demand pay. As it sounds, it means paying employees for work as they earn it. Instead of waiting weekly or biweekly for total worked hours to be paid, on-demand pay pays out as needed.
This kind of earned wage access will cost nothing additional to employers, but can greatly improve worker morale. Instead of having to wait for a single check to clear, on demand pay is the gateway to financial wellness. This further empowers employees to take control of their finances.
Tapcheck is free for businesses and can enhance team performance by letting employees access their earned wages whenever they want. This can lessen worker stress, and even increase profits for your business. This translates to an average 49% increase in employee productivity and a 74% reduction in absenteeism for businesses using Tapcheck.
Learn more about Earned Wage Access and On-Demand Pay below!
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