--- title: "Earned Wage Access: Revolutionize Your Payroll" description: Explore the benefits of earned wage access for employees and businesses, enhancing financial wellness and workplace satisfaction. image: https://blog.axcethr.com/hubfs/earned-wage-access-EWA-_1200-x-628-px_%20(1).webp --- - [Client Portal](https://www.axcethr.com/client-services/) - [Employee Login](https://www.axcethr.com/client-services/) [![AxcetHR Solutions Blog](https://blog.axcethr.com/hubfs/AxcetHR2021%20Blog/axcethr_logo_white%20(1).png)](https://www.axcethr.com/) - [About Us](https://www.axcethr.com/about-us/) - [Corporate Philantropy](https://www.axcethr.com/about-us/corporate-philanthropy/) - [Meet the Team](https://www.axcethr.com/about-us/meet-the-team/) - [Values and Culture](https://www.axcethr.com/about-us/values-and-culture/) - [Kansas PEO](https://www.axcethr.com/about-us/kansas-peo/) - [Missouri PEO](https://www.axcethr.com/about-us/missouri-peo/) - [Careers](https://axcethrsolutions.prismhr-hire.com/) - 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[Human Resources](https://blog.axcethr.com/topic/human-resources) - [Payroll Administration](https://blog.axcethr.com/topic/payroll-administration) - [Employee Safety & Risk Management](https://blog.axcethr.com/topic/employee-safety-risk-management) - [Employee Benefits](https://blog.axcethr.com/topic/employee-benefits) - [All about COVID-19 in the Workplace](https://blog.axcethr.com/topic/covid19) - [Kansas & Missouri HR News](https://blog.axcethr.com/topic/kansas-and-missouri-hr-news) - [Kansas City Interest News](https://blog.axcethr.com/topic/kansas-city-interest-news) - [PEO/HRO](https://blog.axcethr.com/topic/peo) - Choose Topic: - [Human Resources](https://blog.axcethr.com/topic/human-resources) - Payroll Administrations - [Employee Safety & Risk Management](https://blog.axcethr.com/topic/employee-safety-risk-management) - [Employee Benefits](https://blog.axcethr.com/topic/employee-benefits) - [PEO](https://blog.axcethr.com/topic/peo) Play Audio Earned Wage Access: Revolutionize Your Payroll 10:04 # Earned Wage Access: Transforming the Way We Think About Paydays By [Jo McClure, CPP](https://blog.axcethr.com/author/jo-mcclure) on [Feb 01, 2024](https://blog.axcethr.com/earned-wage-access-revolutionize-your-payroll) 7 min read [0 comment(s)](https://blog.axcethr.com/earned-wage-access-revolutionize-your-payroll#comments-listing) Share this: - - - - [whatsapp://send?text=https://blog.axcethr.com/earned-wage-access-revolutionize-your-payroll](whatsapp://send?text=https://blog.axcethr.com/earned-wage-access-revolutionize-your-payroll) - [mailto:?subject=Earned%20Wage%20Access:%20Revolutionize%20Your%20Payroll&body=https://blog.axcethr.com/earned-wage-access-revolutionize-your-payroll](mailto:?subject=Earned%20Wage%20Access:%20Revolutionize%20Your%20Payroll&body=https://blog.axcethr.com/earned-wage-access-revolutionize-your-payroll) ![earned-wage-access-EWA (1)](https://blog.axcethr.com/hs-fs/hubfs/earned-wage-access-EWA%20(1).webp?width=1200&height=800&name=earned-wage-access-EWA%20(1).webp) We're excited to announce a game-changing benefit for our clients and their employees! Axcet has partnered with [ZayZoon](https://www.zayzoon.com/) to introduce earned wage access (EWA), a revolutionary service that allows employees to access their earned wages before payday. This groundbreaking collaboration promises to provide financial flexibility and peace of mind to countless workers.  Through this partnership, Axcet demonstrates its continued commitment to employee welfare and financial well-being, ensuring that the hard-earned money is available when it's most needed. Stay tuned as we take a deeper look into how this innovative service can transform your employees' financial planning and provide immediate relief in times of need. [![key benefits of outsourcing your businesses payroll kansas city peo](https://no-cache.hubspot.com/cta/default/2652187/25f9edc2-369c-4607-b59f-84253b191b7a.png)](https://cta-redirect.hubspot.com/cta/redirect/2652187/25f9edc2-369c-4607-b59f-84253b191b7a) ## How Many Americans Live Paycheck to Paycheck? In today's fast-paced world, financial challenges are a reality for many employees. It's a significant concern, with [two in five](https://www.wtwco.com/en-us/insights/2022/07/2-in-5-us-employees-struggle-to-meet-basic-needs-as-financial-wellbeing-deteriorates) employees living paycheck to paycheck and facing the stress of financial planning. This stress often extends into the workplace, where worrying about personal finances can impact professional performance. In fact, a staggering [84%](https://usa.visa.com/dam/VCOM/global/run-your-business/documents/visa-earned-wage-access-insights-report.pdf) of individuals surveyed indicated they worry about finances while at work ## What Is Earned Wage Access? Earned wage access offers a modern solution to employee financial challenges. It reimagines the traditional payroll system by providing employees with the flexibility to access a portion of their earned wages on demand, rather than waiting for the standard pay cycle. This approach can be particularly beneficial for those facing unexpected expenses or short-term financial shortfalls. EWA can be seen as a form of interest-free wage advance. It's increasingly being recognized as a valuable addition to employee benefits packages, helping to alleviate short-term financial pressures. Implementing earned wage access demonstrates a commitment to supporting employees' financial well-being, which can translate into enhanced workplace productivity and satisfaction. Jorge Giraldo, CEO of Senior Helpers in Polk County, highlights the growing importance of EWA: "It seems like EWA is just that one benefit that should be standard across the board. Everyone should be offering it, so that employees, whether they're mine or someone else's, can have access to their funds." **RELATED: **[Top 3 Security Measures That Ensure Your Payroll Partner Treats Your Data Like It's Their Own >>](https://blog.axcethr.com/top-3-security-measures-that-ensure-your-payroll-partner-treats-your-data-like-its-theirs) ## **Employer Benefits of Offering Earned Wage Access** - ### **Enhancing employee motivation & financial well-being** Financial concerns can significantly distract employees from their work. Earned wage access offers a practical solution by providing employees with the option to access a portion of their wages before the scheduled payday. This flexibility can be crucial in managing unforeseen expenses and avoiding high-interest loans. The impact of EWA on employee well-being is noteworthy: - - 77% of employees using EWA report reduced financial stress - [79%](https://usa.visa.com/dam/VCOM/global/run-your-business/documents/visa-earned-wage-access-insights-report.pdf) of candidates would switch to an employer offering EWA - ### **Reducing employee turnover** Employers offering earned wage access often see a notable increase in job applicants, sometimes doubling the usual rate. Additionally, 80% of employees express a preference for working with employers who provide EWA. This benefit can foster a sense of support and empowerment among employees, potentially leading to higher retention rates. For example, a McDonald's franchise owner observed a 57% improvement in employee retention over 15 months after implementing EWA. - ### Improved recruiting Employers who provide on-demand access to earned wages experience up to 2x more job applicants. - ### **Lowering hiring & operational costs** Introducing EWA can lead to significant cost savings for businesses. Companies that offer loan programs to employees have reported savings of up to $8,000 per year by switching to earned wage access. Additionally, a reduction in hiring costs by about 5% has been observed, translating to an average saving of around $19,000 per year for a company with 200 full-time employees. - ### **Streamlining financial assistance for employees** Traditionally, employees facing financial difficulties might request pay advances from their employers, a process that can be time-consuming and costly for the company. EWA offers a discreet and efficient alternative, allowing employees to access their earnings on demand without the need to involve their employer directly. This autonomy not only reduces the administrative burden on the company but also spares employees the discomfort of having to explain their financial needs. - ### Transitioning from paper checks to digital payments The move away from paper checks in favor of digital payments is becoming increasingly prevalent due to cost-effectiveness and convenience. Digital payments are significantly cheaper than paper checks – often by a factor of ten. One method HR professionals are using to encourage this transition is the introduction of earned wage access. EWA not only incentivizes employees to switch to digital payments but also offers them the flexibility to receive their pay in a way that suits their needs. This approach is particularly effective in encouraging employees who already have bank accounts to opt for direct deposit. As previously mentioned, implementing EWA typically involves no direct costs to employers. However, it's important to note that there may be fees for employees, usually capped at a maximum of $5 per transaction, which is comparable to the cost of using an ATM. Despite this, there are some free options available through EWA services, enhancing its appeal and flexibility. - ### **Flexible & fee-free payout options** Several innovative payout options are available under EWA, providing employees with more control over their finances: - - #### **Budgeting tools** Resources like [paycheck budgeting guides](https://www.zayzoon.com/blog/christmas-shopping-on-a-budget) can help employees plan their finances more effectively, especially during high-expenditure periods like holidays. - - #### **Access to earned wages**  EWA allows employees to access their earnings instantly, reducing the need to rely on credit for urgent expenses. - - #### **Instant gift cards**  EWA partnerships with major retailers (such as Amazon, Instacart, and Walmart) offer the option to receive pay through [Instant Gift Cards](https://www.zayzoon.com/blog/instant-gift-cards), often with significant savings of 25%. - - #### **Gas card**  A [Gas Card](https://www.zayzoon.com/blog/the-zayzoon-gas-card) program can provide additional value, offering a 5% bonus on fuel purchases and turning each refill into an opportunity for savings. - - #### **Venmo integration** For those who frequently use Venmo, EWA can facilitate direct deposits to Venmo accounts, providing a hassle-free way to manage shared expenses, especially during gift-giving seasons. **[![Stress-Free Payroll Processing](https://no-cache.hubspot.com/cta/default/2652187/interactive-189805175855.png)](https://blog.axcethr.com/hs/cta/wi/redirect?encryptedPayload=AVxigLLnd5KqjOzEWYT9aTGa77Ofe06dYjYmWDGy2Sc%2FUsh6l08oOVRt9CNmYqkpNVSWmVxm8HbvSL7PUzBjHWwjdIHQCjUYBImmm%2FgkF5cZqeHc8YYK%2BKl4L5%2FxH0YZiZaNGNDM15jZnMSSLdELhMa4H73hoohdnX0ZM%2B1rLLdljDk5aRLhZiYJbMzs0yJpJyYwe%2FWYqBI0Jh5HxuprtzGtTV60Sno8Fpo4H2weiUQ5B6g%2BK8EauiHOscvxOrQcvARtMMhspp9n69Qf%2BxCjmTEzFkNUbGrZw7yTfdYTKScbRlamCo83jVBzGhK9&webInteractiveContentId=189805175855&portalId=2652187)** ## **The Benefits of Earned Wage Access (EWA) for Employees** EWA offers a significant benefit to employees by providing them with more control over their finances. One of the key advantages is the ability to access wages before the regular payday, which can be particularly helpful in managing unexpected expenses. This flexibility reduces the need for employees to rely on high-interest loans or face overdraft fees. To understand the real-world impact of EWA, let's look at some data. Analysis shows that employees using ZayZoon's EWA service could save up to $727 annually. This figure highlights the potential of EWA to alleviate financial burdens. Further emphasizing the effectiveness of EWA, a comprehensive survey involving over 5,000 employees who utilize ZayZoon revealed that: - 89% of these workers reported experiencing less financial stress as a result of using EWA. These findings suggest that EWA programs not only provide immediate financial benefits but also contribute to overall employee well-being by reducing stress related to financial concerns. RELATED: [Unique Employee Benefits - The New Norm for Attracting Top Talent? >>](https://blog.axcethr.com/progressive-organizations-are-stealing-your-employees-with-these-emerging-benefits) ## **Enhancing Financial Wellness & Education** Through Axcet, employees using ZayZoon's earned wage access services benefit beyond immediate financial relief. It is part of a comprehensive employee financial empowerment platform, which encompasses a range of financial literacy and wellness tools. These resources are designed to support employees in building a more secure financial future: - ### **Financial education resources**  Employees have access to user-friendly tools for budgeting, evaluating home affordability, and analyzing retirement plans, helping them make informed financial decisions. - ### **Smart financial insights**  The platform offers personalized insights based on individual income, spending habits and expenses, aiding employees in better managing their finances. - ### **Customized alerts**  To further assist in financial management, employees can set up alerts that notify them of potential minimum balance or overdraft fees, helping them avoid unnecessary charges. These tools collectively aim to enhance employees' financial literacy and wellness, contributing to their overall financial health and stability. RELATED: [Should You Switch Employees from Salary to Hourly Pay? >>](https://blog.axcethr.com/when-hourly-met-salary-should-you-switch-salaried-exempt-employees-to-hourly-pay) ## Get Started with Axcet's Innovative HR Solutions Today Are you a business owner looking to enhance your [HR services](https://www.axcethr.com/services/human-resources/) and support your employees' financial well-being? Reach out to an Axcet representative today to learn more about how earned wage access can benefit your organization. As Kansas City's premier professional employer organization (PEO), Axcet is committed to revolutionizing HR services for small businesses. We're here to help you navigate the complexities of employee benefits and financial wellness solutions. [Contact Axcet](https://www.axcethr.com/schedule-consultation/) to discover how our innovative services can empower your business and your workforce. [![PEO Payroll Services](https://no-cache.hubspot.com/cta/default/2652187/e1855a1e-6f81-48cb-b4a1-2c8a96b0f7c4.png)](https://cta-redirect.hubspot.com/cta/redirect/2652187/e1855a1e-6f81-48cb-b4a1-2c8a96b0f7c4) [![Jo McClure, CPP](https://blog.axcethr.com/hs-fs/hubfs/Jo-24.jpg?width=80&height=80&name=Jo-24.jpg)](https://blog.axcethr.com/author/jo-mcclure) Written by #### [Jo McClure, CPP](https://blog.axcethr.com/author/jo-mcclure) Jo McClure, CPP, is the Director of Payroll Administration at Axcet HR Solutions, where she has been a pivotal leader for over 20 years. With more than two decades of experience in payroll outsourcing and professional employer organizations (PEOs), Jo specializes in helping small to mid-sized businesses navigate payroll administration, employee benefits, and compliance. Her strategic leadership at Axcet focuses on implementing best practices in payroll management, compliance auditing, and risk mitigation. Jo obtained her Certified Payroll Professional (CPP) designation in 2006 and has held numerous leadership roles in the Greater Kansas City Chapter of the American Payroll Association, including President, Vice President, and Chapter Coordinator. A frequent speaker at the Midwest Regional Payroll Conference, she has also contributed articles to publications such as *Thinking Bigger Business* and *Kansas City Small Business Monthly*. Jo’s expertise has been recognized through industry publications. She co-authored the article *“High-Touch in the Age of High-Tech: How PEOs Can Embrace AI Without Losing Their Humanity”* https://peoinsider.org/articles/high-touch-in-the-age-of-high-tech-how-peos-can-embrace-ai-without-losing-their-humanity/ for PEO Insider (March 2026), alongside Jeanette Coleman, SPHR, SHRM-SCP, and authored *“PEOs in the Community: Axcet Making Philanthropy Part of the Company’s Culture”* https://peoinsider.org/articles/peos-in-the-community-axcet-making-philanthropy-part-of-the-companys-culture/ (November 2025). These contributions reflect her perspective on balancing technology-driven payroll and HR processes with the human experience, as well as the role of community engagement in building strong organizational cultures. Jo's specialties include payroll implementation, compliance auditing, and crafting best-practice payroll solutions that ensure businesses stay compliant while optimizing their processes. Published in: PEO Insider Read more [View all posts →](https://blog.axcethr.com/author/jo-mcclure) ### Get HR Updates ### Table of Contents #### [Applicable Large Employer: Laws Affecting Businesses with 50 Employees ![applicable large employer](https://blog.axcethr.com/hubfs/50-employee-HR-compliance-_1200-%C3%97-628-px_%20(1).webp)](https://blog.axcethr.com/hr-compliance-what-changes-when-your-business-reaches-50-employees) #### [![attendance at work](https://blog.axcethr.com/hubfs/attendance-incentives-_1200-x-628-px_%20(1).webp) Boosting Attendance at Work: Innovative Strategies for Employers](https://blog.axcethr.com/boosting-attendance-at-work-innovative-strategies-for-employers) ## Let us know what you think... ![AxcetHR Blog](https://blog.axcethr.com/hubfs/AxcetHR2021%20Blog/axcethr_logo_white%20(1).png) - [Why Axcet](https://www.axcethr.com/why-axcet/) - [What We Stand For](https://www.axcethr.com/about-us/what-we-stand-for/) - [Expertise](https://www.axcethr.com/expertise/) - [Employee Benefits](https://www.axcethr.com/services/employee-benefits/) - [Human Resources](https://www.axcethr.com/services/human-resources/) - [Payroll Services](https://www.axcethr.com/services/payroll-and-tax-administration-services/) - [Risk Management](https://www.axcethr.com/services/workers-comp-and-employee-safety-risk-management/) - [Meet the Team](https://www.axcethr.com/about-us/meet-the-team/) - [Subscribe to Latest Resources](https://www.axcethr.com/subscribe-to-the-latest-resources/) - [Resource Library](https://www.axcethr.com/expertise/resource-library/) - [\[ Client Portal \]](https://www.axcethr.com/client-services/) - - - - - Search for: Copyright © 2023 Axcet HR Solutions – Kansas City's PEO Since 1988 | [Privacy Policy](https://www.axcethr.com/privacy-policy/) | [Terms and Conditions](https://www.axcethr.com/terms-conditions/) | [**Join our Team – Careers »**](https://axcethrsolutions.prismhr-hire.com/) 10975 Grandview Drive Suite 200, Corporate Woods Building 27, Overland Park, KS 66210 | Call us: 913-383-2999 *The IRS does not endorse any particular For more information on [certified professional employer organizations](https://www.axcethr.com/why-axcet/certified-peo/), go to [www.irs.gov](https://www.irs.gov).* Remove cookies ![](https://dc.ads.linkedin.com/collect/?pid=43031&fmt=gif) ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Jo McClure, CPP", "url" : "https://blog.axcethr.com/author/jo-mcclure" }, "dateModified" : "2025-08-12T21:12:31.749Z", "datePublished" : "2024-02-01T14:24:00.000Z", "headline" : "Earned Wage Access: Revolutionize Your Payroll", "image" : [ "https://blog.axcethr.com/hubfs/earned-wage-access-EWA-_1200-x-628-px_%20(1).webp" ], "mainEntityOfPage" : { "@id" : "https://blog.axcethr.com/earned-wage-access-revolutionize-your-payroll", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://blog.axcethr.com/hubfs/_logo_axcethr_primary.png" }, "name" : "Axcet HR Solutions" } } ``` ```json { "@context" : "https://schema.org", "@id" : "https://www.axcethr.com/#organization", "@type" : "Organization", "address" : { "@type" : "PostalAddress", "addressCountry" : "US", "addressLocality" : "Kansas City", "addressRegion" : "MO" }, "aggregateRating" : { "@type" : "AggregateRating", "bestRating" : "5", "ratingValue" : "5", "reviewCount" : "100" }, "areaServed" : { "@type" : "Country", "name" : "United States" }, "award" : [ "IRS Certified Professional Employer Organization (CPEO)", "Award-Winning HR Solutions Provider", "SHRM Certified HR Professionals", "HRCI Certified HR Professionals" ], "contactPoint" : { "@type" : "ContactPoint", "areaServed" : "US", "availableLanguage" : "English", "contactType" : "Customer Service" }, "description" : "Award-winning Professional Employer Organization (PEO) providing comprehensive HR solutions, payroll services, employee benefits, and risk management to small and mid-sized businesses. 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Axcet has partnered with ZayZoon to introduce earned wage access (EWA), a revolutionary service that allows employees to access their earned wages before payday. This groundbreaking collaboration promises to provide financial flexibility and peace of mind to countless workers. Through this partnership, Axcet demonstrates its continued commitment to employee welfare and financial well-being, ensuring that the hard-earned money is available when it's most needed. Stay tuned as we take a deeper look into how this innovative service can transform your employees' financial planning and provide immediate relief in times of need. How Many Americans Live Paycheck to Paycheck? In today's fast-paced world, financial challenges are a reality for many employees. It's a significant concern, with two in five employees living paycheck to paycheck and facing the stress of financial planning. This stress often extends into the workplace, where worrying about personal finances can impact professional performance. In fact, a staggering 84% of individuals surveyed indicated they worry about finances while at work What Is Earned Wage Access? Earned wage access offers a modern solution to employee financial challenges. It reimagines the traditional payroll system by providing employees with the flexibility to access a portion of their earned wages on demand, rather than waiting for the standard pay cycle. This approach can be particularly beneficial for those facing unexpected expenses or short-term financial shortfalls. EWA can be seen as a form of interest-free wage advance. It's increasingly being recognized as a valuable addition to employee benefits packages, helping to alleviate short-term financial pressures. Implementing earned wage access demonstrates a commitment to supporting employees' financial well-being, which can translate into enhanced workplace productivity and satisfaction. Jorge Giraldo, CEO of Senior Helpers in Polk County, highlights the growing importance of EWA: "It seems like EWA is just that one benefit that should be standard across the board. Everyone should be offering it, so that employees, whether they're mine or someone else's, can have access to their funds." RELATED: Top 3 Security Measures That Ensure Your Payroll Partner Treats Your Data Like It's Their Own >> Employer Benefits of Offering Earned Wage Access Enhancing employee motivation & financial well-being Financial concerns can significantly distract employees from their work. Earned wage access offers a practical solution by providing employees with the option to access a portion of their wages before the scheduled payday. This flexibility can be crucial in managing unforeseen expenses and avoiding high-interest loans. The impact of EWA on employee well-being is noteworthy: 77% of employees using EWA report reduced financial stress 79% of candidates would switch to an employer offering EWA Reducing employee turnover Employers offering earned wage access often see a notable increase in job applicants, sometimes doubling the usual rate. Additionally, 80% of employees express a preference for working with employers who provide EWA. This benefit can foster a sense of support and empowerment among employees, potentially leading to higher retention rates. For example, a McDonald's franchise owner observed a 57% improvement in employee retention over 15 months after implementing EWA. Improved recruiting Employers who provide on-demand access to earned wages experience up to 2x more job applicants. Lowering hiring & operational costs Introducing EWA can lead to significant cost savings for businesses. Companies that offer loan programs to employees have reported savings of up to $8,000 per year by switching to earned wage access. Additionally, a reduction in hiring costs by about 5% has been observed, translating to an average saving of around $19,000 per year for a company with 200 full-time employees. Streamlining financial assistance for employees Traditionally, employees facing financial difficulties might request pay advances from their employers, a process that can be time-consuming and costly for the company. EWA offers a discreet and efficient alternative, allowing employees to access their earnings on demand without the need to involve their employer directly. This autonomy not only reduces the administrative burden on the company but also spares employees the discomfort of having to explain their financial needs. Transitioning from paper checks to digital payments The move away from paper checks in favor of digital payments is becoming increasingly prevalent due to cost-effectiveness and convenience. Digital payments are significantly cheaper than paper checks – often by a factor of ten. One method HR professionals are using to encourage this transition is the introduction of earned wage access. EWA not only incentivizes employees to switch to digital payments but also offers them the flexibility to receive their pay in a way that suits their needs. This approach is particularly effective in encouraging employees who already have bank accounts to opt for direct deposit. As previously mentioned, implementing EWA typically involves no direct costs to employers. However, it's important to note that there may be fees for employees, usually capped at a maximum of $5 per transaction, which is comparable to the cost of using an ATM. Despite this, there are some free options available through EWA services, enhancing its appeal and flexibility. Flexible & fee-free payout options Several innovative payout options are available under EWA, providing employees with more control over their finances: Budgeting tools Resources like paycheck budgeting guides can help employees plan their finances more effectively, especially during high-expenditure periods like holidays. Access to earned wages EWA allows employees to access their earnings instantly, reducing the need to rely on credit for urgent expenses. Instant gift cards EWA partnerships with major retailers (such as Amazon, Instacart, and Walmart) offer the option to receive pay through Instant Gift Cards, often with significant savings of 25%. Gas card A Gas Card program can provide additional value, offering a 5% bonus on fuel purchases and turning each refill into an opportunity for savings. Venmo integration For those who frequently use Venmo, EWA can facilitate direct deposits to Venmo accounts, providing a hassle-free way to manage shared expenses, especially during gift-giving seasons. The Benefits of Earned Wage Access (EWA) for Employees EWA offers a significant benefit to employees by providing them with more control over their finances. One of the key advantages is the ability to access wages before the regular payday, which can be particularly helpful in managing unexpected expenses. This flexibility reduces the need for employees to rely on high-interest loans or face overdraft fees. To understand the real-world impact of EWA, let's look at some data. Analysis shows that employees using ZayZoon's EWA service could save up to $727 annually. This figure highlights the potential of EWA to alleviate financial burdens. Further emphasizing the effectiveness of EWA, a comprehensive survey involving over 5,000 employees who utilize ZayZoon revealed that: 89% of these workers reported experiencing less financial stress as a result of using EWA. These findings suggest that EWA programs not only provide immediate financial benefits but also contribute to overall employee well-being by reducing stress related to financial concerns. RELATED: Unique Employee Benefits - The New Norm for Attracting Top Talent? >> Enhancing Financial Wellness & Education Through Axcet, employees using ZayZoon's earned wage access services benefit beyond immediate financial relief. It is part of a comprehensive employee financial empowerment platform, which encompasses a range of financial literacy and wellness tools. These resources are designed to support employees in building a more secure financial future: Financial education resources Employees have access to user-friendly tools for budgeting, evaluating home affordability, and analyzing retirement plans, helping them make informed financial decisions. Smart financial insights The platform offers personalized insights based on individual income, spending habits and expenses, aiding employees in better managing their finances. Customized alerts To further assist in financial management, employees can set up alerts that notify them of potential minimum balance or overdraft fees, helping them avoid unnecessary charges. These tools collectively aim to enhance employees' financial literacy and wellness, contributing to their overall financial health and stability. RELATED: Should You Switch Employees from Salary to Hourly Pay? >> Get Started with Axcet's Innovative HR Solutions Today Are you a business owner looking to enhance your HR services and support your employees' financial well-being? Reach out to an Axcet representative today to learn more about how earned wage access can benefit your organization. As Kansas City's premier professional employer organization (PEO), Axcet is committed to revolutionizing HR services for small businesses. We're here to help you navigate the complexities of employee benefits and financial wellness solutions. Contact Axcet to discover how our innovative services can empower your business and your workforce.", "author" : { "@id" : "https://blog.axcethr.com/author/jo-mcclure#author", "@type" : "Person", "name" : "Jo McClure, CPP", "url" : "https://blog.axcethr.com/author/jo-mcclure" }, "dateCreated" : "2024-02-01", "dateModified" : "2025-08-12", "datePublished" : "2024-02-01", "description" : "We're excited to announce a game-changing benefit for our clients and their employees! Axcet has partnered with ZayZoon to introduce earned wage access (EWA), a revolutionary service that allows employees to access their earned wages before payday. 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