A BENEFIT FOR YOUR EMPLOYEES.
AN ADVANTAGE FOR YOUR BUSINESS.
Empower your employees with the latest innovation for salary payments. Flexible, fast and fully automated.
What is Salarify?
Salarify is the first solution in continental Europe that lets the employees access their already earned but unpaid wages at any time.
It is a next-generation employee benefit that can help you make recruitment easier and retain your workforce.
What is Earned Wage Access?
The monthly pay-cycle cannot adapt to the monthly costs of employees because they often occur before payday: household expenditures and mortgage instalments are usually needed to be paid during the first days of the month.
By using Earned Wage Access, employees don’t get pain only once a month. Instead, they can access what they have already worked for. In this case, they are able to balance their incomes with the mentioned expenses and they can take care of unexpected expenses.
How it works?
- Evaluating our partner's needs
- Stakeholder interviews
- Customizing the available amount
- On-site help with the registration
- On-boarding day
- On-going support
- User interviews
- Measuring conversion
The "Salarify effect"
45% of workers in financial stress would switch to a more flexible pay-cycle *
* Salarify market research
The flexible pay-cycle can reduce the fluctuation by 40 % **
Frequently Asked Questions
Following the example of the Unites States and Great Britain, Salarify was the first in the continental Europe to set up a platform to access earned wage.
In the current uncertain situation, the financial stress on the employees is significantly intensifying. That is why their financial health and access to fair financial services has an increased importance.
Basically the required wage payments are ensured by the employer, but if for some reason the employer does not choose this solution, we can provide the necessary liquidity for a favorable availability fee through our banking partner.
The implementation of Salarify does not require any operational tasks on the part of our customers. We ensure that the processes are functioning fully automatically both during the implementation and the operation.
Salarify is fully automated and requires no further interaction after the implementation. In addition, it takes all administrative burdens related to advance payments off the shoulders of HR and payroll staff.
No, as the paid amount is automatically recorded as an advance payment thanks to the integration with payroll software. This amount can be managed in the usual way by the employer’s payroll at the end of the month, without any extra administrative burden.
The maximum amount that can be requested per month is freely determined by our partners (even to a different rates for different groups of employees).
Employees who register for Salarify can only request a proportionate portion of the maximum amount earned in a given month after activating their status.
Salarify’s product is fully compliant with GDPR regulations, and the data of the employees is only accessed with their consent. As a result, no contract amendment is required on the part of the employer.