Unlock ‘Instant Access to Money Earned’ with Floatpays, a partner of HRMASTER
Now more than ever, financial challenges are a huge concern for employees. Floatpays, a partner of Hrmaster, is the perfect solution for employers looking to support their employees’ financial wellbeing without increasing their business costs. Floatpays offers a range of features and is integrated with Paymaster’s payroll software. This offering allows employees to take charge of their financial health, and avoid feeling overwhelmed by current economic conditions.
Access to earned wages has become an important employee benefit
Floatpays partners with employers so that their employees can access a portion of their earned wages when they need it, instead of waiting for the traditional pay cycle. This helps employees meet unexpected expenses and manage their cash flow.
Floatpays is integrated into Paymaster’s payroll system. So employees can access a portion of their earned wages directly. And it is straight-forward and simple for employers to offer this benefit to their workforce.
Improve retention and engagement
Floatpays not only provides financial flexibility for employees, it can also improve employee engagement and retention. By providing this financial wellness assistance, employers show their commitment to their employees’ overall well-being and help them gain a sense of control over their finances.
It is important to emphasize how Floatpays can positively impact the employer-employee relationship. Studies show that offering financial wellness benefits can increase productivity, reduce absenteeism, and improve employee satisfaction. And since happy and engaged employees make for a thriving work environment, Floatpays is a win-win for both employees and employers!
Other positive features connected to Floatpays financial benefit package:
- It helps reduce financial stress and anxiety among employees.
- It can help employees avoid high-interest payday loans and other predatory lending options.
- It can help employees build better budgeting habits and improve their financial literacy.
- The integration with Paymaster’s payroll system ensures that Floatpays is easy for both employers and employees to access.
Employers save money
Another positive is that Floatpays not only benefits employees, it can also help employers save money. Appreciated and engaged employees are less likely to leave a company. Since the expense of hiring and training new employees is significant, this is a way employers can prevent high staff turnover and reduce costs. Retaining employees through financial wellness benefits is a cost-effective strategy in the long run.
The employer has the flexibility to choose from 4 features that will best suit their employees:
Earned wage access:
Employees can access a portion of their earned wages between pay periods, which helps them avoid high-interest payday loans and other predatory lending options.
Paycheck linked savings:
Employees can set aside a portion of their paycheck for savings, which helps them build a financial safety net and work towards financial goals.
Standard Bank Flexi-Funeral insurance:
Helps employees access affordable funeral insurance, which provides financial protection for their families in the event of their death.
Financial education & budgeting App:
Employees can access financial education and budgeting tools through the Floatpays app, which helps them grow their financial literacy and to make better financial decisions.
Employers can customize the benefits they offer to meet the unique needs of their workforce. This flexibility enables employers to tailor their benefits package to attract and retain top-skilled staff. Because it allows employees to access the benefits they need most, when they need it, they feel empowered by taking control of their financial wellbeing. With Floatpays, everyone wins. This boost to financial wellbeing creates a positive work environment where employees feel supported and valued.
The self-service employer portal is another excellent feature of Floatpays. Employers can access a centralized hub to manage their employee benefits and track employee engagement. And it’s totally free to integrate, including custom integrations. Plus, it doesn’t require any changes to the existing payroll system, making it a breeze to implement.
Financial freedom is calling – are you ready?
Hrmaster’s partner, Floatpays, is the ultimate employee financial wellbeing solution. It offers instant access to earned wages, smart savings options, insurance protection and a hassle-free management platform. This innovation is what employers and employees have been waiting for. It’s aimed at any business that wants to support their employees’ financial health and well-being. Hrmaster is changing the game when it comes to employee engagement and self-service. With Floatpays, they’re not only giving employees a great financial benefit – they’re also providing a glimpse into the future of employee engagement. Floatpays is a symbol of Hrmaster’s commitment to innovation by providing employees with the best tools to support their financial well-being. This forward-thinking approach is shaping the future of the workplace.
Take charge of your financial well-being with Hrmaster’s Floatpays offering. Contact Ian Hurst today at 082 898 5006 or email@example.com to learn more.