Earned Wage Access

Wagefit is defining the future of work

Meniru
January 31, 2024
3 min read

In today's world where employees seek more control over their finances, Earned Wage Access (EWA) becomes a powerful enabling tool.

It is not some workplace trend that will fizzle out but a paradigm shift in providing a more equitable compensation and labour practice experience for all.

Employee empowerment.

Is giving your employees the ability to make choices and take action that is beneficial to themselves and the organisation.

Wagefit provides a major shift in how your employees are paid for the work they do. Empowering your employees has never been so easy by allowing them to make independent decisions and to feel empowered to take action on their financial challenges as they see fit.

Expense yesterday, today but income tomorrow.

One of the underlying issues driving these short-term liquidity challenges is a timing mismatch between when people must pay for expenses and when they receive their income. This is particularly acute for people whose regular expenses exceed their regular income or for people who have limited ways to pay for a financial shock. Among the products and services that have sought to solve these challenges, EWA is the solution of choice for a growing number of Nigerian employers.

In an almost "always-on" society our financial needs are evolving.

Breaking up the weekly, biweekly or monthly pay cycles to one that is on-demand so workers can receive a portion of the money that they have already earned, and is rightfully theirs, before payday is a simple and effortless thing to do.

Empowering businesses to remain competitive, decreasing financial stress and improving employee morale indicates EWA has gone beyond being merely a solution to becoming a strategic investment in wellbeing of your workforce. This is an investment that ultimately affects your bottom line by lowering absenteeism, improving employee engagement & productivity amongst others.

Join the Nigerian employers that are providing their employees with an ethical & responsible way to access earned unpaid wages before payday, if needed. Contact us to learn more.

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Contact:
hello@getwagefit.com
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