Instant Pay is focused on making life easier for your hourly workers. By offering this one employee benefit, companies have seen 13% less turnover, 15% less absenteeism, 60% better shift coverage and more applicants for open positions. At an average cost to replace an employee of $2500, it’s a great money saver for our clients.
With Instant Pay, your employees can immediately access wages earned BEFORE payday using their mobile phone and with no cost to you. Advances are funded by a third party and employees pay the equivalent of an ATM fee for each advance.
Other companies using this service include Target, Nordstrom, Walmart, Costco and Best Buy.