The Business Advantage with Paymenow
Over the past year, employee financial distress has intensified, which means it’s the perfect opportunity to bring financial wellness and education into your workplace. Gain the business advantage with Paymenow, now.
Benefits for Employers
Taking care of your employees well-being improves your business’ bottom line – happy employees want your business to succeed and will take a keen interest in your business goals
It’s the right thing to do for your people
Life happens. Unexpected expenses will inevitably come up in between paydays. A worker’s ability to access their earned wages while in a “cash crunch” like paying an unexpected medical bill helps mitigate stress and has proven to keep them more productive at work, instead of worrying about their finances. Paymenow helps ease the burden of workers’ unplanned cash flow issues.
Earned Wage Access is a fundamental key to Financial Wellness and represents a major shift in how employees are paid for the work they do. Instead of receiving their pay at pre-agreed, fixed intervals – normally the end of the month or the end of the week – employees accrue pay on a daily basis, in much the same way as they accrue paid leave entitlement. Then, at any time they wish, employees can withdraw a certain amount of the pay they have accrued, giving them unprecedented flexibility and control over their personal finances.
As an employer, there is zero cost involved.
Paymenow was founded to provide an alternative to exorbitant payday loans that would not only alleviate the debt burden but encourage responsible financial habits and instill a savings mindset.
There is no need for any concern. Paymenow funds the advances to employees on behalf of the employer, ensuring no cashflow impact on the employer.
Unlike a loan, Paymenow is inclusive, responsible access to your already hard-earned wages. Employees can access wages earned but not yet paid. Neither gross reportable wages or net received wages change. There is no interest or fee to the employer.
Our tech platform has undergone an information security and cyber risk assessment from F-Secure which guarantees bank grade security (report can be shared on request)