Earned wage access solution to attract top talent

Here is an explanation of how EWA works:

With EWA, employees can access and use their earned wages before their scheduled payday. This is in contrast to traditional payroll, which requires employees to wait until a certain date to receive their wages.

Earned wage access or accessible income programs are best run on cloud-based technology, so that employees and HR can track the wages that can already be taken by the employee in detail.

The benefits of EWA can be felt by both employees and companies. Here are some benefits you need to know:

1. Makes it easier to recruit employees because today employees are more interested if the company has additional selling points with flexible salary withdrawal.

2. Employees become more financially well-off, because employees can manage their finances more easily.

3. Makes employees more motivated to work every day. Because with the EWA program, employees can see how much their salary is every day and this will make employees not want their salary to be deducted for absence.

4. Avoids employees from borrowing too much with high interest rates.

To use this module, companies using Mekari Flex must have enabled the Payroll Disbursement or Payroll Payment feature in Mekari Talenta. In addition, the company must also approve the Mekari Flex application usage policy.

However, if you are not using Mekari Talenta and only want to use the EWA application, you can contact our sales team.

Please schedule a meeting with our team for a consultation on the use and pricing of Mekari Flex.

Earned Wage Access (EWA) allows employees to access their earnings before their scheduled payday, while online lending is a type of loan that must be repaid with interest.

Unlike online lending, which requires users to submit an application and wait for approval, EWA allows employees to access their earnings quickly and easily.

In online lending, users must repay the amount borrowed plus interest, while in EWA, users only pay a lower administrative fee to access their salary earlier.

The difference between Earned Wage Access (EWA) and kasbon is that EWA gives employees access to their earned wages, while kasbon is a form of cash advance that is given upfront.

Kasbon generally have strict payment deadlines and must be repaid within a certain period of time, while EWA allows employees to withdraw their money flexibly without any payment pressure.

EWA is considered a better alternative for employees who need cash, because they can withdraw their money as needed, while kasbon may only be available in a fixed amount.

Kasbon often involves complex approval processes, while EWA can be accessed easily and quickly.

In kasbon, employees must repay the amount borrowed plus interest, while EWA only charges a small administrative fee to access earned wages.