In today’s dynamic business landscape, employers are constantly seeking innovative ways to support their employees’ financial well-being. One such solution gaining popularity is earned wage access—an arrangement that allows employees to access a portion of their earned wages before the traditional payday.
Among the various earned wage access vendors available, ZayZoon stands out as a leading provider, offering a hassle-free and cost-effective solution for businesses.
Asure explored opportunities with many different earned wage access companies. We chose to partner with ZayZoon to provide employers with an on-demand pay option for their employees. There is no cost to the employer. Learn more here.
Key Advantages to Earned Wage Access
One of the key advantages of earned wage access, particularly when partnering with ZayZoon, is that it doesn’t cost anything for the employer. ZayZoon’s service is designed to be employer-friendly, with no financial burden or ongoing administration required. Employers can onboard their organization with ZayZoon within minutes, making it a seamless process that minimizes disruptions to their operations. By eliminating costs and administrative efforts, ZayZoon enables employers to focus on their core business while providing a valuable benefit to their workforce.
How to Select an Earned Wage Access Provider
When considering earned wage access providers, businesses should conduct a thorough evaluation. ZayZoon’s platform, technology, and people have undergone extensive scrutiny and have been chosen by numerous businesses for their earned wage access needs. However, regardless of the provider chosen, the key consideration for employers is the opportunity to add value to their employees’ lives.
It is crucial not to underestimate the potential need for this benefit among employees, as financial challenges can affect anyone at various points in their lives. By offering earned wage access, employers demonstrate their commitment to supporting their employees’ financial well-being and enhancing their overall job satisfaction.
The implementation of earned wage access through a reputable provider like ZayZoon offers several advantages. First, it requires minimal effort from the employer’s side. The straightforward onboarding process ensures a smooth integration with existing payroll systems, allowing employees to access their earned wages effortlessly. Second, this benefit comes at no additional cost to the employer.
ZayZoon’s model ensures that the service is utilized and paid for by the employee, making it a financially sustainable solution for businesses of all sizes.
How ZayZoon Works
Integration
Data is exchanged with your payroll platform to allow employees to securely create an account and access earned pay.
Funding
ZayZoon funds all early wage requests. There is no risk or liability to the employer. Funds are recovered automatically on the next pay run.
Support
ZayZoon does all employee support. There is no additional overhead for the employer to manage the program.
Pricing
The service is employee paid, or employers can choose to help subsidize the benefit.
See our deep-dive video about On Demand Pay here.
Be Proactive
Adding earned wage access as an employee benefit is a proactive step that showcases an employer’s commitment to their workforce. By recognizing the importance of financial stability and providing a means for employees to bridge cash flow gaps, businesses can foster a positive work environment and strengthen employee loyalty.
The opportunity to enhance employees’ financial well-being without incurring any costs is a rare and valuable proposition for employers. Seizing such opportunities allows businesses to differentiate themselves, attract top talent, and create a supportive and thriving workplace culture.
Conclusion
ZayZoon offers a compelling earned wage access solution that benefits both employers and employees. With its no-cost, low-effort implementation, businesses can empower their workforce, address immediate financial needs, and demonstrate their dedication to employee well-being.
Whether choosing ZayZoon or another earned wage access provider, employers should seize the opportunity to provide this valuable benefit, as it costs nothing and delivers significant advantages for all parties involved.
Asure has partnered with ZayZoon to provide employers with an on-demand pay option for their employees. There is no cost to the employer. Learn more here.