From Bandage to Blueprint: A New Vision for EWA and Employee Financial Resilience

Employees rarely share their financial struggles with employers. But that doesn’t mean they don’t exist. Besides causing distress for employees, financial anxiety also impacts productivity, turnover, and absenteeism. This makes addressing financial anxiety critical for employees and employers alike.

Earned wage access (EWA) provides immediate support but only addresses one need. With myFlexPay from OneSource Virtual (OSV), employees can also begin building savings. That brings two needs into the same tool: managing today’s expenses while preparing for tomorrow’s.

In this Workday Rising session, Wendy Whitehead, U.S. Venture’s VP of Total Rewards, joins OSV’s Becky Riley to discuss the company’s experience with myFlexPay. Their conversation follows the journey from consideration to understanding how the solution supports employees’ short- and long-term needs.

Put your people on the path to financial resilience

Not everyone at U.S. Venture initially saw a place for EWA in its benefits strategy. Some questioned whether early access to wages would undermine the goal of improving financial well-being by making it harder for employees to cover bills later. But since its rollout, myFlexPay has become a meaningful part of the company’s holistic benefits offerings. In her conversation with Becky, Wendy shares what the company learned along the way, including:

• How employees are using earned wage access responsibly
• How myFlexPay acts as a stepping stone for people who’ve never saved before
• How communication has helped new and existing employees adopt myFlexPay

Are you ready to prioritize financial well-being for your employees? Discover how one customer evaluated EWA and made flexible pay part of its broader benefits strategy.