Earned Wage Access

Employees can access 50% of their earned wages, up to a maximum of $1000 each week through Employment Hero. The system calculates how much they’ve earned up until that point, allowing them to withdraw funds as needed, typically instantly.

Offering EWA improves employee satisfaction, reduces financial stress, and improves retention. Think of it like a flexible alternative to traditional pay cycles, allowing employees to access their earned wages when needed, leading to higher productivity and engagement.

EWA integrates seamlessly with Employment Hero payroll, with deductions added automatically to your next payrun. It doesn’t disrupt your payroll cycle but allows employees to access wages early, reducing the need for paycheck advances or payday loans.

Users pay a 1.3% per transaction into a Swag Spend account and 1.5% per transaction into an external bank account.

Employees can access their wages via Employment Hero Work, requesting the amount they’ve earned up to that point. Funds are typically transferred quickly, sometimes instantly, to their bank account or payment card.

EWA helps reduce financial stress by giving employees quicker access to earned wages, helping them save more effectively and impactfully, and manage unexpected expenses without turning to high-interest loans. This can improve financial stability, leading to greater overall wellbeing and job satisfaction.

You can monitor employee usage of EWA through the platform’s dashboard, which provides real-time data on withdrawals. This allows you to track utilisation and assess the impact on employee financial wellbeing.