Earned Wage Access: A Powerful, Cost-Effective Financial Wellness Tool
The 2023 study by Arizent and Employee Benefit News commissioned by DailyPay of over 10,000 earned wage access (EWA) users revealed the employer-sponsored benefit gives employees unprecedented control over their financial wellness.
EWA provides employees peace of mind, which can improve job satisfaction and engagement. For employers, this means lower turnover and greater productivity, reducing recruitment and onboarding costs and fueling business growth.
The survey was conducted among DailyPay users and clients to understand the impact of EWA on both employers and employees.
Findings from the study include: