As the COVID-19 crisis continues, Americans are grappling with overwhelming uncertainty. You can help by providing employees with faster access to their own paychecks and to planning tools that build financial resilience over time.
Workers are dealing with reduced income or having to find new jobs altogether. Whatever savings they did have are likely being drained. Remove the barriers between employees and their money by giving them access to their earned wages. That way, they don’t have to wait until payday to take care of themselves or their families.
Jobs lost during first month
New jobs created
of Americans don’t have $400 for an emergency
You can help employees right now with immediate access to their own earned wages, bonuses, sick pay, wage increases, and emergency grants. Having access to enough money at a time like this is essential for survival. Learn more about on-demand pay.
Talk to your HR and PR teams. Be bold about amplifying and complementing the public safety net that is being created, and encourage others to do the same. Invest resources in making sure your employees understand what options are available to them. See what Walmart has done.
For most Americans, this is a marathon, not a sprint. Consider making your short-term measures permanent, to make your workforce feel safe and valued. Supporting your employees will help them build stronger lives, and a stronger bond with you as an employer. Learn why financial wellness matters.
Retirement plans and health benefits are just the start. If employees are struggling with finances, they’re also struggling to stay healthy and focused at work. Help employees build strong lives, and the ability to weather future crises, with tools to plan, budget, and spend — all while building critical short-term savings. Learn more about offering financial wellness benefits to employees.
Even can now be implemented in a matter of days, with minimal involvement from your busy teams.
Give employees access to earned wages, savings and budgeting without the requirement of technical integration into your HRIS systems to get up and running quickly.
Even will waive all membership fees for your employees for two months — free help when they need it, no matter how they’re accessing their wages. No commitments, no fine print, no catches.
To help more workers sooner, Even has enacted a simplified contracting process.
With Instapay, employees can access their money when they need it. It’s peace of mind during an uncertain time. Employers can also use Instapay to give bonuses and emergency grants to employees.
By accessing their own earned wages, employees can avoid the harmful fees associated with overdrafts, credit cards and payday loans. Even members have saved over $150M of such fees since 2018.
Even removes stressful ambiguity around managing busy family work schedules, timesheets, and paycheck amounts. Employees can see what their next paycheck will look like at any time, making it easy to build short-term plans. The app also provides a fast way for employees to check upcoming shifts, which over 50% of our members do each day.
Your employees will need a way to build financial stability — and that means building savings. With Even, your employees set a savings goal, and a percentage of each paycheck they’d like to save. As of March 2020, Even members have saved over $10M.
With all your employees are dealing with right now, tracking spending is harder than ever. The Even platform gives employees an “Okay to Spend” number that takes income, bills, and current bank balance into account. That means employees never have to guess, and never go into the red. Three quarters of our members say that using Even has had a positive effect on their financial health.
We will work together to understand your company and tailor a program built for your needs.
1st time using this app and it's pretty cool that I get my money same day. Pretty convenient cause of this whole virus situation
I'm in desperate need of help, not only myself but my kids and grandkids you are making that happen!!!! Thank you so very much!!!! So convenient to deposit into my acct or pick-up at Walmart but I work 3rd shift AND y'all are waving fees at the moment ...may God bless you all for making this possible!!!!
Awesome! Even is a wonderful thing. It allows you to get emergency funds from your already earned paycheck so that you don't have to take out a loan or use high interest rate credit cards. Thanks Even!