Pay flexibility and earned wage access (EWA) are gaining momentum among employees and forward-thinking employers. The growing popularity of EWA requires every global payroll practitioner to understand the risks and benefits it can offer their organization and employees. Some practitioners may fear that EWA discourages financial prudence, exploits employees, and invites fraudulent money movement practices. Others see EWA as an opportunity to harmonize payroll cycles, improve employee engagement, and redefine payroll operations.
Payroll experts from CloudPay will address the risks and benefits of EWA for payroll practitioners in domestic and global territories. By attending this webinar you will learn:
- The three different models of EWA in today's market, along with the pros and cons of each model to your organization.
- The opportunities that EWA provides to payroll cycles, operations, and systems.
- Risks that the wrong selection or implementation of EWA can bring into your organization.
- How payroll practitioners can become the catalysts for introducing the appropriate EWA model into their company, and use it to drive better alignment between employee pay and business goals.
Earn 1.0 Recertification Credit Hours (RCHs) or 0.10 Continuing Education Units (CEUs) when attending this webinar.