Earned Wage Access: The Benefits and What to Watch Out ForRead Time: 1 min
As gig work has grown in popularity, consumer expectations around getting paid have changed. In order to keep up with the draw of daily or instant payment schedules, more and more companies are leveraging EWAs, or Earned Wage Access companies, to get their workers paid sooner. It is not as simple as one might think, with complex regulatory requirements and the possibility of higher worker attrition.
On Wednesday, September 15, 2021, Robert Savoie (Cleveland) will join a panel discussion with Cristy Irvin Phillips, General Counsel and Chief Compliance Officer at Check, and Sangeetha Raghunathan, General Counsel and Chief Compliance Officer at Earnin, during the Marketplace Risk Management Conference in San Francisco, CA. The panelists will debate the good, the bad, and the ugly parts of EWAs, as well as how to determine if an EWA is right for you, the right ways to leverage EWAs, and some of the major pitfalls to consider.