By Josh Brill
Market research shows 53% of workers consider EWA important when choosing employers, with younger workers expecting financial flexibility as standard. For WinTeam users, EWA has proven to improve employee retention by up to 36% among the largest implementations.
While reduced turnover provides obvious financial benefits, EWA's impact strengthens the entire business model. Workforce stability improves service consistency, strengthens client relationships and enables contractors to pursue larger accounts requiring experienced, reliable personnel. Since repeat business represents the most significant revenue source for contractors, EWA reduces workforce disruptions that lead to service inconsistencies and client dissatisfaction.
The largest players in your industry have used EWA for years to stay competitive. Now every WinTeam customer can offer this benefit at no cost through TEAM Software's partnership with DailyPay.
Here's how simple it is: Once activated, your employees can access wages they've already earned by logging into their account and transferring money directly to their bank account or debit card. If someone works Monday through Wednesday, they can access those three days of pay on Thursday if needed. On payday, their regular paycheck automatically accounts for any early transfers.
You continue running payroll exactly as you always have. No system changes, no additional costs, no impact on your existing payroll processes. And, we can have you operational in days, giving employees immediate access to their earned wages while your business operates unchanged.