Early Earned Wage Access

Overview

Using an estimation of the amount earned during the current pay cycle, Worker's can access up to 50% of the wages early. The current pay cycle is set by uploading a payroll calendar. This estimation can use an hourly or salary rate for the Worker, fallback to an Organization-defined rate, or even upload shifts for detailed time and attendance tracking.

After an Advance is given to a Worker, the corresponding amount should be deducted from the Worker's wages during this pay cycle. Doing this will ensure your Organization pays the correct amount when disbursements are invoiced. This will also resolve the outstanding status for the Worker's Advance and allow them to take more in the future.

Implementation

• Coordinate with Branch team members to enable the Earned Wage Access setting for your Organization and set a default pay rate
• Upload a Payroll Calendar from your Organization's payroll system
• When using Create Employee or Create Wallet, enter a value for pay_rate and type
• Optionally, upload Shifts from your Organization's time tracking system for more accurate estimation. This allows Workers to Advance more funds, due to a decreased risk of overpayment in the case of inconsistent scheduling.