Thursday, October 21, 2021

It even launches a new employer-sponsored financial benefits platform.

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In the US today, 60% of employees are living paycheck to paycheck and over 80M are paid hourly without visibility, access, and flexibility over their pay, highlighting the need for employers to do more to support the financial health of their staff, especially in the current economic climate. With Even, employees gain a clear and accurate understanding of how much they are able to save and spend during any given week despite their changing schedule and hours. And when needed, can access their pay early. “In 2019, we began instituting a number of changes to improve the financial health of our entry-level and hourly employees, including lowering healthcare costs, making every employee a shareholder, raising wages and providing financial education,” said Traci Memmott, Senior Director of Global Payroll at PayPal. “We’re proud to partner with Even to provide additional means for our employees to manage their financial health, from early wage access to budgeting and saving.”

Even’s easy-to-implement platform enables employers to launch within 30 days; pre-built integrations with Workday and Kronos further streamline the process. Even’s integrations with HRIS, payroll, time and attendance, and consumer banking systems, provide unprecedented financial visibility to employees. This data empowers them to make informed decisions, like accessing their wages early to cover a bill before payday, picking up an extra shift to earn more after viewing their projected earnings, or budgeting to build emergency savings. With this launch and beyond, Even looks forward to continuing to work with forward-thinking employers to create a more financially resilient workforce in the US.

“Employers across the country are struggling to rehire today, especially in the market for hourly workers. Today’s labor market is forcing employers who rely on front line workers to reevaluate their benefits and adapt them to be more competitive,” said David Baga, CEO of Even. “Forward thinking companies are recognizing that traditional benefits like 401Ks, and two week pay cycles are not meeting their needs. We’re incredibly proud to work with innovative companies like PayPal, Noodles and Mattress Firm who are answering that call.”

About Even

Even is on a mission to help hourly workers get out of the red.  Even’s employer-sponsored financial benefits platform integrates with HRIS, payroll, and time and attendance, and consumer banking systems to pair earned wage access with powerful tools for budgeting, emergency savings, and visibility into projected net earnings so employees can safely resolve cashflow emergencies today while building financial resilience for the future. Leading employers like Walmart, PayPal, Noodles, Humana, and Mattress Firm partner with Even to invest in the financial health of their workforce. With Even you can provide your hourly employees with the financial tools they actually need, on a flexible, configurable, mobile-first platform, helping you build a more resilient, reliable workforce. To learn more, visit www.even.com

Even is headquartered in Oakland, California and has additional offices in Raleigh, NC.

North 6th Agency for EvenShayla Ridore 401-464-1772

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www.even.com

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