Texas Employers: How To Attract Employees and Increase Employee Retention with Earned Wage Access
If your company is having trouble with employee retention and recruitment in 2021, you’re far from alone.
Maintaining a strong and loyal workforce has become a major challenge. However, before bumping up your payroll or investing in costly employee benefits, there’s a cost-free option to consider that both attracts employees and increases employee retention — it’s called earned wage access (EWA).
What is Earned Wage Access (EWA)?
Earned wage access is an employee benefit that offers on-demand payments without any costs for employers. With Pronto Pay, EWA plugs into your payroll system, seamlessly enabling employees to access their accrued pay at any time. They can log in to a user-friendly mobile app, make the request, and pay a small flat fee per transaction.
How Texas Employers Can Attract and Retain Talent with EWA
Earned wage access gives employers a new, cost-free way to differentiate your company and incentivize employees to work for you. Meanwhile, it gives employees the freedom to access the money they’ve already earned on their terms, which, as you’ll see below, can mean massive savings to their bottom line.
How EWA Enhances Texas Employee Financial Wellness
Incentivize Your Workforce with Pronto Pay
Earned wage access is a win-win for both employers and employees. It doesn't cost you anything as the employer and gives employees an affordable way to access their paychecks early. Additionally, employees gain more financial freedom and flexibility; it's another good reason to remain loyal to your company.
Ready to join the many who are enhancing employee financial wellness, and in turn, attracting and retaining their talent? Fill out the form to learn more about earned wage access with Pronto Pay!
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