Independent grocery chain Supabarn has announced that it has begun offering its workers immediate access to their wages through its new partnership with Paytime.
With labour shortages continuing to be a major barrier to retail recovery, Supabarn hopes that offering workers early access to their pay will help with both attracting and retaining staff in what is a tight labour market.
Theo Koundouris, owner, Supabarn, says offering staff access to their earned wages has already helped attract talent and has seen quick uptake.
“It’s been hard to find staff with the absence of international student and visa holders the past few years. Now we’re looking for new, innovative ways of doing things to attract and retain our staff.
“Half of our employees live paycheck to paycheck. In the first week we introduced it we had a huge uptake and very positive feedback,” he says.
There is also no effect on a company’s cash flow when staff access their pay, as Paytime funds these withdrawals on behalf of the company. It’s not a payday loan, there is no percentage interest charged, there is no need to do credit checks as there is nothing for the employee to repay – employees can only access the money they’ve already earned.
To learn how you could adopt this modern HR solution and make employee wellbeing your employer value proposition, visit Paytime.