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What are the benefits of earned wage access?
Rounding it up
Earned wage access (EWA) allows employees to access money before a scheduled payday.
However, EWA is not a loan because employees can only access money they’ve already earned through prior work.
EWA is also advantageous to employers as it can save them money in the long-term.
That’s because early access to earned wages increases employee satisfaction and retention.
Ryan Severance
Ryan Severance is a professional freelance author and the owner of American Scribe LLC. With degrees in political science and socio-legal studies, he writes about business, politics, and law for clients around the world.
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