Empoyer your Employees to do their Best Work
Foster a sustainable, engaged and productive workforce by providing on-demand pay or early wage access or salary advances to employees with Airlipay.
Empower your employees with access to their earned pay when they need it. Make your employees feel in control, valued and capable of handling their financial situation, employees become happier at work, miss fewer shifts and gain increased interest picking up additional shifts.
The Airlipay financial wellness benefit will build stronger relationships with your employees activating them to be more engaged, work harder and stay longer.
What is Earned Wage Access
Earned Wage Access (EWA) also called On-Demand Pay is a financial technology solution that provides employees access to their earned wages or salary advances outside of their traditional pay cycle. EWA is also referred to as “early wage access,” “on-demand pay,” or “pay on demand.”
Many employees often have unexpected expenses and need quick cash but have unfavorable terms for loans so they fall into predatory high interest payday(or salary day which is mostly at the end of the month or week) loans or other financial products. This can lead to a debt cycle that is difficult to break causing financial stress
Airlipay on demand pay allows employees to access a portoin of their earned wages or salary advances without incurring debt, hidden fees, or interest associated with accessing them early
Airlipay is Simple and Secure for Employers
- No change to payroll processes — Airlipay compliantly handles it all.
- Seamless integration with your payroll system, processing employee payroll adjustments is easy to do
- Data-Minimalistic Model – Airlipay upholds the fundamental principles of trust and privacy, only collecting limited employer and employee data necessary to power our platform
- Enterprise-grade platform that keeps data private and the service running so it’s always there when your employees need it.
How does Airlipay Work
STEP
01
Airlipay conducts Earned Wage Access via an Employer Payroll Model, meaning Airlipay partners directly with employers to offer their employees access to earned wages.
STEP
02
By integrating with employers’ payroll and timekeeping providers, Airlipay captures the hours worked, wages earned or salaries for employees in real time.
STEP
03
When employees download the Airlipay app to access a portion of their gross earned wages, or salary advances they can access them instantly to their Mobile Money or Bank accounts for a small fee or wait a few days for a free transfer.
STEP
04
After the pay period ends, an Adjustment File is delivered to the employer to process. This file allows the employer to pay Airlipay back via a simple and direct process.
Frequently asked questions
Should I be concerned about cash flow if we pay employees throughout the month?
There is no need for any concern. Airlipay funds the advances to employees on behalf of the employer, ensuring no cashflow impact on the employer.
Will will Airlipay cost me?
As an employer, there is zero cost involved.
Why offer early wage access to your employees?
Life happens. Unexpected expenses will inevitably come up in between paydays. A worker’s ability to access their earned wages while in a “cash crunch” like paying an unexpected medical bill helps mitigate stress and has proven to keep them more productive at work, instead of worrying about their finances. Airlipay helps ease the burden of workers’ unplanned cash flow issues.