Improve the financial wellbeing of your staff

Paytime does all the integration work and rollout of the solution. There is no work required from the company.

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Improve Employee Retention With Earned Wage Access

If you’re looking to introduce a cost-effective benefit that improves employee retention through reduced employee turnover and supports employees’ financial wellness, look no further than Earned Wage Access (EWA).

How Much Can Your Company Save?

Adjust your number of employees, turnover rate, and cost per new hire to see your estimated annual savings.

How many employees do you have?

10 50,000

Average hourly rate

$5 $500

Average annual staff turnover

0% 100%

Estimated employer savings

$

0

Disclaimer: Calculations based on assumptions and annualised averages

A holistic
financial wellbeing solution
for your employees.
Our four pillars.

Track & Pay

Real-time tracking of earnings, provide instant access to earned wages.

Wellbeing

Resources, initiatives and helplines on financial and mental wellbeing.

Learn

Various tools to reach their budgeting goals and avoid unnecessary loans.

Save

Easy ‘set-and-forget’ savings programs.

The payday reality is a broken reality for many Australians

5
0
%
Australians live paycheck to paycheck
Source: NAB/MLC Survey
3
3
%
Do not have $500 in cases of emergencies
Source: CBA Survey
7
0
%
Find it too hard to ask for a pay advance
Source: Ernst & Young

Many resort to payday loans as a result

1.8M Australian households are charged up to 407% annualised interest rates when including Establishment Fees, for payday loans, to cover emergency expenses
Source: The Debt Trap report by the Stop the Debt Trap Alliance (2019), Digital Finance Analytics

The benefits of
Earned Wage Access
to your Employees.

2
0
%
Increased hours worked due to stronger effort/reward link
2
5
%
Reduction in employee turnover
1
5
%
Lower absenteeism

With Paytime, you can deliver On-Demand Pay without changing your payroll process.

When an employee takes money out of their earned pay, Paytime does all the hard work; sending the money to the employee (using our own funds, so there is no impact on your cashflow) and automatically logging the withdrawal & fees in your payroll system.

When payday comes, your employees receive their wages with any withdrawals and fees shown as deductions. So all you have to do is simply run payroll as you usually would and we’ll take care of the rest.

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

Empower Your Team Today

Share your details and one of our team members will reach out to arrange a time to discuss further.

Save Time and Money with On-Demand Pay

If you’re looking to introduce a cost-effective benefit that moves the needle, you’ve come to the right place. Paytime saves your organization time and money.