Frontline healthcare workers are the backbone of care delivery, but also the most financially vulnerable. Many live paycheck to paycheck while performing essential, high-stress roles. Helping to reduce their financial strain outside of work can have an outsized impact on improving their focus and morale while on the job.
But how do you deliver the type of support they need in a way that is instant, simple, and effective? The answer is to offer earned wage access (EWA) as an employee benefit. EWA allows them to tap into their earned wages after they complete a shift instead of having to wait until payday. By giving your workers immediate, flexible access to the money they’ve already earned, you can help them meet their day-to-day financial obligations without stress. Let’s dive into how this works in practice.
EWA’s Impact on Engagement
Earned wage access gives employees control, and they’re more likely to stay with their employer when they are engaged and feel trusted and empowered. That’s because the message you’re sending to your staff is, “We trust you, and we’ve got your back,” which creates independence and respect — two key drivers of retention.
The best part of EWA through Keeper is that it’s zero-cost for your business, and the implementation period can be as quick as two weeks. Keeper supports employee activation and engagement with marketing materials and a thorough onboarding process to ensure they understand this high-value benefit and use it regularly.
If you want to learn more about adding a financial wellness tool to your benefits package, schedule a demo to see how EWA with Keeper works and start empowering your workforce today.