Why Earned Wage Access Is the Perfect Gift For Employees

2 Min Read By Tal Clark

With the holidays upon us, restaurants and hospitality organizations are jumping on earned wage access (EWA) as a fee-free way to combat the labor shortage we've seen organizations face in 2022. EWA allows employees to receive a portion of their earned wages the same day they work at no cost to the worker or employer and helps close the gap during financially tight times between traditional paydays.

In 2022, our Wages and Wellbeing study found that 79 percent of working Americans would be more interested in applying for a job that pays them the same day they work – 30 percent higher than in 2018. And more than half (56 percent) of working Americans would stay a month to over a year longer at a job if they could get immediate access to their earned pay after each day’s work at no cost, ultimately saving organizations thousands of dollars annually.

Eighty-seven percent of Gen Z have reported that they would be more interested in applying for a job that pays them the same day…