# Earned Wage Access

Let employees access their wages early when they need it most.

## What is Earned Wage Access?
Earned Wage Access (EWA), also known as wage or salary on demand, is a scheme that allows employees to access a portion of their earned wages before their regular pay day. Unlike financing or traditional loans, EWA platforms are restricted to wages that an employee has already earned. This provides employees with flexibility to manage their finances across a month.

## Benefits to Employer
Offering EWA options can help alleviate financial stress among employees, resulting in improved productivity and focus at work. By giving employees access to earned wages when they need it, employers can reduce the strain caused by short-term financial challenges. This can mitigate issues such as absenteeism, decreased performance, and mental health concerns associated with debt-related stress.

## Benefits to Employee
EWA schemes provide employees with greater control over their finances by allowing them to access earned wages when needed. This flexibility helps employees manage unexpected expenses, avoid late payment fees, and reduce reliance on high-interest options like pay day loans. By creating financial flexibility and alleviating short-term financial stress, employees experience greater peace of mind and improved mental wellbeing.

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#### Ben is easily the most engaged initiative we’ve ever had. It gets everything to everyone in different locations, and I can’t even tell you how much time it’s saved us.

**Fraser Hopper,**
Head of Operations at Chattermill

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## FAQs
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