What are the pros and cons of earned wage access?

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What are the pros and cons of earned wage access?

Rounding it up

  • Earned Wage Access (EWA) is a payroll benefit that lets users withdraw wages as they are earned.

  • By granting users early access to their earned wages, EWA can help them pay bills on time, buy essentials like groceries, and keep up with any debt.

  • Unsurprisingly, EWA generally increases employee retention and performance, thereby  boosting workplace morale.

  • Companies have increasingly been providing this benefit to attract and retain more talent.

5 min read

Ryan Severance
#earned wage access#EWA#instant pay#early payroll#payroll

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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#earned wage access

#EWA

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#early payroll

#payroll

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