Earned wages before payday, with no change to your payroll.
Optional earned wage access through a partner integrated with Worklio payroll. Employees request a portion of wages already earned before payday in the partner's app; the partner funds every request, and the amount drawn is deducted automatically through the payroll integration.
- DELIVERED BY
- A partner integrated with Worklio payroll
- FUNDING
- The partner funds every request
- SETTLEMENT
- Deducted through payroll
- COST
- Free for employers
WHAT'S INCLUDED
- 01
Requests in the partner's app
Employees request a portion of wages already earned before payday.
- 02
Partner funding
The partner funds every request, so your funds flow is not interrupted.
- 03
Automatic settlement
The amount drawn is deducted automatically through the payroll integration.
- 04
Your payroll process
No change to how you run payroll.
- 05
With or without time tracking
Works with or without Worklio time and attendance.
- 06
Employee choice
Employees choose when, and whether, to use it.
WHERE IT GOES WRONG
Early pay from company cash.
Paying wages before payday out of your own funds ties up cash between pay dates.
How Worklio handles itThe partner funds every request, so your funds flow is not interrupted.
More work every payroll.
An early pay option run on manual requests and adjustments adds steps to every pay run.
How Worklio handles itEmployees request in the partner's app, and the amount drawn is deducted automatically through the payroll integration, with no change to your payroll process.
Another vendor to connect.
A new employee benefit usually means another vendor to set up and connect to payroll.
How Worklio handles itThe partner is already integrated with Worklio payroll, so earned wage access is switched on in one step, with or without Worklio time and attendance.
QUESTIONS
Switched on in one step.
- 01Switch it on. The partner is already integrated with Worklio payroll.
- 02Employees choose. Each employee decides when, and whether, to request wages already earned, in the partner's app.
- 03The partner funds it. Every request, so your funds flow is not interrupted.
- 04Payroll settles it. The amount drawn is deducted automatically through the payroll integration, with no change to your payroll process.
KEY TERMS · FROM THE GLOSSARY
Browse the glossary- Earned wage accessEarned wage access, also called on-demand pay, lets an employee draw part of the wages already earned before the scheduled pay date.
- Net payNet pay is the amount an employee receives by paycheck or direct deposit after every tax and deduction is subtracted from gross pay.
- Final paycheckA final paycheck is the last wage payment an employer owes a departing employee, covering wages and earned variable pay through the last day.
- PAYROLL AND TAXES PAID
- $35+ Billion
- ACH TRANSACTIONS
- 23+ Million
- W-2S / 1099S PROCESSED
- 4.3+ Million
- EMPLOYEES PAID
- 2.8+ Million
