Wages On-Demand

Wages On Demand

CBIZ Human Capital Management recently partnered with ZayZoon to provide our clients with the option to offer their employees’ Wages On-Demand. At a time when seventy-eight percent of American workers are living paycheck to paycheck, earned wage access gives workers more freedom over their paydays by offering an advance on their paycheck. 

Wages On-Demand

Wages On-Demand is also known as Earned Wage Access or Pay On-Demand. With ZayZoon, employees can access wages they have already earned, with no cost or administration needed from the employer. This feature allows employees to tap into their earned wages before payday for a five-dollar fee and could help them pay for last-minute expenses while avoiding late payments and unnecessary predatory financial products.

Financial Education

Alongside the Wages On-Demand feature, employees will also have access to financial education. With ZayU, employers have a trusted financial health platform that gives employees a deeper understanding of their finances through tools such as Overdraft Prediction, Spend Behavior, Banking Insights, and Interactive Financial Education.

Activating the ZayZoon Benefit

ZayZoon, a leader in earned wage access, uses its patent-pending technology to seamlessly administer wages to employees in seconds without impacting the current payroll processes of the employer. CBIZ clients can have the service activated for staff within minutes. 

About ZayZoon

ZayZoon's mission is to improve employee health through the use of responsible financial products. They partner with payroll companies in Canada and the US to provide employees with access to their Wages On-Demand feature along with financial education and overdraft prediction. ZayZoon's on-demand access to wages gives employees control over their paycheck, reduces financial stress, and prevents the debt spiral caused by predatory products. Workplace financial wellness helps with recruitment, employee retention, and productivity.