The digital age has brought with it a slew of new technologies and advances. From cryptocurrency to digital wallets to blockchain, people are experiencing newer and faster ways of living than ever before. Another advance employers should keep an eye on is earned wage access. Keep reading to get the scoop on what earned wage access is, how it works, and more.

An overview of earned wage access

什么是赚取的工资访问，究竟是什么？赢得工资访问（EWA）是雇主员工的员工，雇主向员工获得其净赚取的薪酬，因为员工赚取它。基本上，员工可以在雇主指定的发薪日之前获得他们所赚的工资。

EWA也称为早期工资访问，即时支付，赚取的收入或按需支付，员工员工提前获得净支付收益。

当员工在常规薪酬日期之前访问他们的净支付时，他们访问的工资将从他们收到的薪酬日收到的总收益中扣除。说一名员工通常每两周收到1,000美元，而是选择在下一个发薪日之前获得200美元。在他们的典型发薪日，他们将获得800美元（1,000美元 - 200美元）。

目前没有关于获得工资的联邦法律。一些州（例如，新泽西州) have proposed or passed EWA laws. Check with your state for more information on EWA laws for employers.

How does earned wage access work?

获得的工资访问通常通过配对具有公司人力资源技术的金融技术提供商配对。在许多情况下，人力资源和工资单位使用与工资单软件集成的应用程序。该应用程序然后将员工自动使用员工净工资。

By integrating with payroll software, the financial app for EWA lets employers make any and all necessary payroll deductions before sending the funds to employees. By deducting taxes before funds are available to employees, employers can ensure that they have the funds they need to remit to the proper tax authorities.

Earned wage access providers use specific software that is tailored to the process. If you decide to offer EWA to your employees, check with your currentpayroll softwareprovider to see if you can integrate. Don’t use payroll software? Check with EWA providers to determine if your payroll process is suitable for EWA.

请记住，一些早期工资接入提供商限制员工可以在标准发薪日之间收到的金额。例如，一些提供商可能将可用资金限制为员工总薪水的50％（0.50）。每两周赚取1000美元的员工只能在发薪日之间获得500美元（1,000美元x 0.5）。

Pros and cons of early access to earned wages

Before you sign up to give employees access to earned wages early, learn the benefits and drawbacks of EWA.

Benefits of EWA

和......一样多54％的美国人现场薪水到薪水。EWA允许雇主访问赚取的工资，减轻了一部分生活薪水的薪酬。向员工提供工资的好处与改善员工生计有关。

Pros to earned pay include:

• 员工保留更高
• 减少一些员工的财政压力*
• 增加员工满意度
• Higher attendance rates among employees

*Employees may face financial stress because they must make a paycheck last between paydays. They may seek a second job or payday loans with high interest rates.

当员工more satisfied with their jobs and less stressed with their finances, they perform better. On-demand pay aims to achieve those goals. As a result, employers benefit from giving employees early access to their wages. How? Better performance, higher retention, and employee satisfaction keep businesses running and save employers money by reducing employee churn. And, employers save money by not having to hire and train new employees.

EWA的缺点

不幸的是，早期工资仍然是一个新的概念。因此，许多有益的声称向EWA提供了统计学意义。在不了解EWA的长期福利，拟议的福利可能是在线下的缺点。

Other cons of on-demand pay include:

• 早期工资接入技术提供有限的提供者
• Laws and regulations may limit or change how employees can receive early pay
• EWA providers may charge employees to access funds
• Potential data leaks in wage access software can compromise employee information
• Employer fees for using the program may be high

Essentially, finding the right provider that won’t cost your employees money and safeguards their personal information can be a time-consuming process. Weigh the pros and cons carefully before making early pay available to your employees.

如何创建早期工资访问策略

If you decide to offer early pay to your employees, you must do your due diligence first. Research providers thoroughly. Ask questions like:

• What are the employer fees for using early wage access software?
• Does the software integrate with your current payroll system?
• How much will employees be charged to use EWA?
• What are the state laws regarding EWA?

当您了解这些问题的答案时，编制员工的信息。考虑为按需支付员工文书工作添加员工福利表格。为员工提供注册或拒绝利益的选项。

Here are some sections you may add to benefits enrollment paperwork for early pay:

• 提供者的名称
• Instructions for enrolling, if applicable
• Fees for using early pay
• 如果适用，员工的限制可以获得
• Opt-in or out process

Keep signed paperwork in eachemployee file备查。

This is not intended as legal advice; for more information, please点击这里。