Payday
everyday is Pay day
Eliminating the Standard Pay Cycle
Introducing PayMaster PayDay, our latest feature designed specifically for HR management, aiming to enhance the workplace experience. PayDay functions as a financial service, granting employees the ability to access a portion of their earned wages before the company’s designated payday. This feature empowers employees to retrieve a predetermined percentage of their accrued, yet unpaid, wages, thereby streamlining the process and eliminating the need to strictly adhere to the standard pay cycle.
How the company can derive advantages through PayDAY:
- Mitigates financial stress and enhances recruitment efforts.
- Enhances employee health outcomes.
- Elevates employee morale and productivity.
- Lowers rates of employee turnover.
- Employee Engagement.
- Competitive Compensation Package.
- Enhanced Corporate Social Responsibility.
Key Features
- Timely Access: Facilitates employees in accessing a portion of their earned wages before the regular payday, ensuring timely financial support.
- Flexibility: Offers employees flexibility in managing their cash flow and addressing immediate financial needs.
- Digital Platforms: Accessible through a user-friendly mobile app, providing convenience for employees to request and receive funds seamlessly.
- No Interest: Differs significantly from traditional loans, as employees are utilising their own earned wages, thereby eliminating the usual interest charges.
- Automatic Deductions: The amount accessed is systematically deducted from the employee’s upcoming paycheck, streamlining the repayment process for enhanced transparency.
- Financial Wellness: Designed to bolster financial wellness by creating a financial buffer against unforeseen expenses or emergencies.
- Not a Payday Loan: In contrast to payday loans, which involve borrowing against future earnings with associated interest, EWA allows access to already earned money without incurring debt.
Get in touch with us
For inquiries and to explore the integration of this remarkable earned wage access feature for your employees, we invite you to contact us at +94117731800. Our team is ready to discuss how this innovative solution can be tailored to meet the specific needs and objectives of your company, providing a valuable benefit for both your organization and employees.
