Wagefix

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    • About us

Wagefix

WagefixWagefixWagefix
  • Start
  • For employers
  • for employed
  • About us

on New pay, war for talent, financial wellness and EWA

Why employers need us

In today’s world, financial stress is a silent burden carried by millions. When an unexpected bill arrives or a family emergency strikes, waiting for the next payday can turn a manageable situation into a crisis.


Earned Wage Access (EWA) changes that. By offering your team the ability to access their earned wages in real-time, you empower them with financial flexibility and peace of mind. This isn’t just a perk — it’s a lifeline that helps employees navigate life’s uncertainties without resorting to high-interest loans or credit cards. 

When your people know they can handle emergencies, cover bills on time, or simply manage their cash flow better, their stress decreases, they call in sick less often and their loyalty to your company as well as their productivity grows.


But beyond the numbers, offering Earned Wage Access is about compassion. It’s about recognizing the human side of your workforce and giving them the tools to thrive — at work and at home. 

When you support your employees’ financial wellness, you’re not just building a better business. You’re building a stronger, more resilient community — one paycheck at a time.


Make the choice to lead with empathy. Offer Earned Wage Access — and show your team that their well-being is at the heart of your company’s success.

Additional info on legality

From our experience, legality is the biggest fear when it comes to EWA. 

Even though the majority of employers today understand and value EWA for what it offers and how they directly benefit from it, they fear legal problems. This is why we cooperate with specialized attorneys to make sure we're good here and now and in the future.


What we do is legal, we do not loan out money, we do not need a banking license, and most importantly - you don't need to worry.

Further info

Numbers

Market Growth and Penetration

•⁠⁠ The entire world uses and depends on EWA, with only the DACHLI region still being in an early development stage

•⁠  ⁠The global EWA market tripled between 2018 and 2020, reaching $9.5 billion in 2020 with over 55 million transactions. [1] [2]

Employee Demand

  •⁠  ⁠76% of employees across all age groups consider it important for their employer to offer EWA. [4] 

•⁠  ⁠66% of employees in companies without EWA wish their employer would introduce it. [4] [8]


Usage Frequency

  •⁠  ⁠62% of employees with EWA access use it every or every other pay period — much more frequently than they initially expected. [4] [8]


Motivation and Productivity

•⁠  ⁠59% of users say access to their earned wages motivates them to come to work. [1]

•⁠  ⁠Companies report an average productivity increase of 15% after implementing EWA. [3]


Retention and Recruitment

•⁠  ⁠93% of employers offering EWA see improved employee retention.  [16]

•⁠  ⁠In some cases, retention rates increased by up to 63%.  [16]

•⁠  ⁠75% of millennials say EWA availability influences their job choice. [4]

Competitive Edge in the Labor Market

•⁠  ⁠79% of employees would consider switching to an employer that offers EWA. [15]


Reduction in Salary Advance Requests

 •⁠  ⁠Traditional salary advance requests drop by 31% after EWA implementation. [3]


Avoidance of Financial Hardship

•⁠  ⁠57% of users say EWA helped them avoid borrowing from friends or family, and 40% avoided late payment fees. [13]



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