
Fourth’s Earned Wage Access solution allows employees to access up to 50% of their earned wages after each shift. This boosts financial flexibility, reduces turnover, and enhances employee engagement without any cost to employers.
Vendor
Fourth
Company Website
On-demand pay for the hourly workforce
Boost your benefits package and grow retention with Earned Wage Access.
- Attract top talent
- Increase shift fill
- Improve retention
Empower your employees and reduce turnover
Fuego is the on-demand payment app that offers employees flexibility and choice in how they receive their wages. With Fuego’s earned wage access solution, employees can draw up to 50% of their earned pay after completing a shift at no cost to the employers. Fuego provides the money at the time of withdrawal and the money is deducted from net pay like other post-tax calculations. Fuego is designed to help workers meet their financial goals and develop a more optimistic, engaged, and productive workforce.
No lift for payroll
Fuego’s earned wage access is an easy implementation and comes at no cost to an employer. It only adds one simple step to your payroll process. When an employee requests to draw wages, Fuego provides the funds upfront and automatically generates the deduction file at the end of your payroll period. Reimbursement occurs during the payroll cycle, with no interest charged to the employee.
Attract top talent
The market for high-quality candidates is tough. Stand out from the competition with a better benefits package by offering EWA. 95% of employees prefer an employer that offers EWA, and 79% of workers would be willing to switch employers for on-demand pay.
Reduce scheduling strain
On-demand pay supports your schedule by increasing shift pickups and reducing missed shifts. 74% of workers reported fewer unplanned absences due to on-demand pay. Combined with Fuego’s integration with HotSchedules, employees gain visibility into the earning potential of every shift, incentivizing them to pick up more shifts.
Lock in your dream team
Employers that offer on-demand pay experienced a 40% drop in turnover. The financial flexibility and access to personal financial management tools from the Fuego app decreases an employee’s financial stress. Employees using Fuego are 50% more likely to stay after two months compared to those without it. These benefits contribute to a more productive, and loyal team, which benefits your business.