The onboarding process is crucial to the success of any business. It's the first step in ensuring that new employees are comfortable and productive in their roles. But what happens when you're faced with a mass resignation? How can you ensure that your onboarding game is still up to par? With so many people leaving their jobs, it's more important than ever to make sure your onboarding process is up to snuff.
At its core, earned wage access (EWA) is a way for employees to access their wages before their scheduled payday. This can be done through a variety of methods, including payroll advances, early release of funds from a company bank account, or other methods approved by the employer.
There are many benefits of EWA for both employees and employers. For employees, it can provide much-needed financial flexibility and peace of mind. It can also help them avoid expensive fees associated with traditional payday loans. For employers, EWA can improve employee retention and satisfaction, and may even lead to increased productivity.
In this podcast, we'll explore the ins and outs of EWA, including how it works and how companies can use EWA to great effect.