Improve the financial wellbeing of your staff
Empower your employees to receive their pay as they earn it
Earned Wage Access is offered by many global brands
The benefits?
Happier, more productive employees
20
Increased hours worked due to stronger effort/reward link
25
Reduction in employee turnover
15
Lower absenteeism
20
Increased hours worked due to stronger effort/reward link
25
Reduction in employee turnover
15
Lower absenteeism
…which can drive a 11% to 14% reduction in overall payroll expenses
Source: Various US and UK case studies, and the Harvard Kennedy School M-RCBG Associate Working Paper No. 88 (2018) Study
Paytime easily integrates with all major Australian payroll and time-and-attendance software
and many more…
1 Connect
Plug-and-play integration with all major payroll and time-and-attendance system providers. Simple and secure with no additional work for your payroll team.
2 Onboard
Quick-and-easy onboarding tailored to your team, followed by an all-hands roll out.
3 Use
Work today, paid today is now ready for use in your organisation!
Paytime is offered free of charge to the business, with the opportunity to subsidise:
1. Safety Net: No cost to the business, employees pay a nominal fee (think ATM fee) whenever they access their earned wages
2. Co-Contribution: Business covers a portion of the fees: 70/30 or 60/40 or 50/50 etc
3. Employee Benefit: Business pays a monthly SaaS fee that covers the cost of withdrawals for those employees that wish to access their earned wages
Paytime is offered free of charge to the business, with the opportunity to subsidise:
1. Safety Net: No cost to the business, employees pay a nominal fee (think ATM fee) whenever they access their earned wages
2. Co-Contribution: Business covers a portion of the fees: 70/30 or 60/40 or 50/50 etc
3. Employee Benefit: Business pays a monthly SaaS fee that covers the cost of withdrawals for those employees that wish to access their earned wages
Empower
Real-time access to earned wages whenever needed
Educate
Resources, initiatives, and helplines on financial and mental wellbeing
Equip
Various tools to help employees reach their financial goals
Elevate
Make it easy for employees to save before they are paid
The risk of not joining the Earned Wage Access revolution?
Attrition.
79%
of surveyed workers are more willing to switch to employers already offering Earned Wage Access.
Source; Visa research
