WorkJam ExpressPay Offers Faster Access to Earned Income

Author

Reads 1K

Concentrated young female freelancer embracing newborn while sitting at table and working remotely on laptop at home
Credit: pexels.com, Concentrated young female freelancer embracing newborn while sitting at table and working remotely on laptop at home

WorkJam ExpressPay is a game-changer for employees who need quick access to their earned income. With ExpressPay, employees can receive their pay as soon as they clock out, with no need to wait for the next pay cycle.

This feature is especially helpful for employees who are living paycheck to paycheck or have unexpected expenses that arise between pay periods. By providing faster access to earned income, WorkJam ExpressPay helps employees manage their finances more effectively and reduce financial stress.

ExpressPay is a secure and convenient way for employees to access their pay, with the ability to transfer funds directly to their bank account or debit card. This feature is designed to provide employees with more control over their finances and help them make the most of their hard-earned money.

Readers also liked: Samsung Wallet Nfc Access Card

What is WorkJam ExpressPay

WorkJam ExpressPay is a game-changer for frontline employees who struggle with financial stress due to traditional payroll cycles.

Credit: youtube.com, Introducing ExpressPay - New to the WorkJam Digital Workplace

It allows employees to access a portion of their earned income ahead of their established payday with no transaction charges.

This means employees can get paid as early as the same day of work, fee-free, deposited directly into their bank account or onto a WorkJam debit card.

ExpressPay solves the problem of employees having to wait up to two weeks to access their pay, which puts acute financial pressure on frontline hourly workers.

This stress impacts customer service and availability due to working multiple jobs and attrition.

By offering ExpressPay, employers can show value-recognition to their frontline workforce and empower them to assume more financial control.

With ExpressJam's ExpressPay, employees can access this employer-sponsored benefit fee-free, taking control of their economic well-being.

Research shows that even one missed shift can mean late payments on rent, utilities, and other basic necessities for nearly half of hourly employees.

Having access to income already earned can break the cycle of financial hardship.

Benefits of WorkJam ExpressPay

Top view of a payroll document on a desk with pencils and folders, ideal for finance themes.
Credit: pexels.com, Top view of a payroll document on a desk with pencils and folders, ideal for finance themes.

WorkJam ExpressPay allows employees to instantly access a portion of their earned income ahead of their established payday with no transaction charges.

Traditional payroll cycles require employees to wait up to two weeks to access their pay, putting acute financial pressure on frontline hourly workers.

Financial stress impacts retention, productivity, and customer service levels, with nearly half of hourly employees experiencing late payments on rent, utilities, and other basic necessities after just one missed shift.

WorkJam's ExpressPay solves this by allowing employees to obtain a portion of earnings as early as the same day of work, fee-free, deposited directly into their bank account or onto a WorkJam debit card.

This empowers employees to assume more financial control, break the cycle of financial hardship, and take control of their economic well-being.

By offering ExpressPay, employers can show value-recognition to their frontline workforce, drive customer coverage and experience, and position themselves as the employer of choice.

Reduced attrition and improved open shift coverage are just a few benefits of offering ExpressPay to employees, who will return the favor with improved job satisfaction and reduced absenteeism.

Frequently Asked Questions

How does ExpressPay work?

Here's a concise FAQ answer: "ExpressPay securely processes payments by verifying authorization with your bank and submitting it to the biller, with most payments reflected instantly on your account

Wilbur Huels

Senior Writer

Here is a 100-word author bio for Wilbur Huels: Wilbur Huels is a seasoned writer with a keen interest in finance and investing. With a strong background in research and analysis, he brings a unique perspective to his writing, making complex topics accessible to a wide range of readers. His articles have been featured in various publications, covering topics such as investment funds and their role in shaping the global financial landscape.

Love What You Read? Stay Updated!

Join our community for insights, tips, and more.