As businesses brace for a mild recession, U.S. companies wary about their economic prospects have taken to labor hoarding
“Some industries are still trying to catch up on their labor needs from pandemic losses; and then you have a whole number of businesses that are just holding on to people, waiting for the bad things to happen and then go away so they could get back to business. So, if you think there is going to be a recession and if is not going to be too bad, you end up spending a lot of money trying to attract and retain labor, and you’re less likely to let those people go.”
A New Way To Succeed In This Hoarding Environment
Earned Wage Access (where employees can now get paid any day) is one of the fastest growing employee benefits in the U.S. with millions of employee accounts and billions in pay day volume
EWA is proven to help retain employees by as much as 36% and attract new employees by as much as 75%
3 Reasons To Consider Rellevate:
1. Rellevate’s Pay Any-Day (EWA) is a simple and easy way to pay your employees whenever they want
2. Pay Any-Day is a zero-cost/no-fee (ACH) benefit for you and your employees
3. Triple Lock Security, Visa Zero Liability and FDIC-Insured accounts means your employees’ money is safe
Rellevate is one of the most trusted and rapidly growing Fintech companies in the payments industry ($1 billion+ in volume and 3 million+ accounts in the last 12 months)
