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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.
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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