How to make a Salary Advance App the core of your financial well-being strategy
A Salary Advance app such as fastP.A.Y.E allows staff to access a proportion of their salary without having to wait until payday. One of the top 10 reasons employers offer their staff this facility is to improve financial well-being.
According to a fastP.A.Y.E survey, 46% of staff experience increased stress during the week before payday. Many employers are now building their financial well-being strategy for their colleagues around a Salary Advance App. Services such as fastP.A.Y.E can reduce stress even for people who may only need it twice a year and provides a useful flag for HR intervention amongst the 4% of the UK population who have “problem debt”.