This enables employees to access their wages whenever they want. AnyDay has built its own payments infrastructure, it delivers on-demand pay, and will be able to deliver other financial wellness solutions, such as cashback on purchases, budgeting and savings accounts.
Employers want to help employees improve their finances, both to meet the needs of their workforce, and to facilitate their bottom line. Even before COVID-19 struck, more than 70% of Americans were living paycheck-to-paycheck. A Harvard Kennedy School study has found that the provision of financial wellness services such as on-demand pay of accrued wages benefits not only employees, but also employers through lower recruiting costs, greater retention, and enhanced employee productivity.
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