Wageflo
Wageflo
Provide flexible earned wage access and financial wellbeing tools for your employees.
Switch on earned wage access for your employees
Facilitate pay on demand via your payroll platform with no cost to your business and without the debt, interest, or overdraw risk for your employees.
Immediate earned wage access
Life doesn’t always go to plan. Relieve financial pressure on your team and provide immediate access to earned wages when the unexpected arises.
Employee budgeting tools
Help your employees create a budget, make plans based on their future earnings, and improve their financial wellbeing.
Leverage real-time wage data
Use continuous award interpretation and approved shift data to automatically calculate net entitlements.
Access earned wages with just a few clicks
Rather than having to wait for their scheduled pay day, your employees can request immediate access to a percentage of their pay after their hours have been worked and approved. We fund the early access, automatically apply a deduction with a flat $5 transaction fee from their next pay slip, and recoup the amount when you process pay.
Complement earned wage access with employee budgeting tools
Our self-serve employee app also has budgeting tools built in. Your employees can create their own budget, project their wage earnings based on their rostered shifts, view real-time earned wage calculations based on their approved hours, and set up payments into multiple bank accounts. With continuous award interpretation automatically applied, you ensure their pay is right and they get a true view of their financial position 24/7.
Let your employees access their earnings immediately
Your employees can immediately withdraw their available earned wages from anywhere at any time via their self-serve employee app. All they need to do is open and log into the app, tap on ‘Withdraw Now’ from the home screen, enter the amount they want to withdraw and follow the prompts. We also highlight the flat $5 transaction fee for transparency.
Improve employee wellbeing and improve your workforce
Talking about money can be hard and you can relieve financial pressure that you might not be able to see – simply by making cash flow sooner. Earned wage access can attract and retain staff, speed up the time to hire, and help you fill additional shifts – all the while providing a healthy alternative to expensive credit products and payday loans.
The impact of Wageflo
The results from a Wageflo survey conducted by foundU are in.
Frequently asked questions
Does Wageflo cost our business anything?
No. Wageflo is a financial health and wellbeing offering that you can provide your employees at no additional cost. We fund each early wage access withdrawal and then automatically apply the deduction and $5 transaction fee for the employee from their next pay slip.
Do I need to add tasks to payroll processing to facilitate Wageflo?
No. foundU automates everything Wageflo delivers from start to finish, leveraging the real time approved hours data and award interpretation automations that flow through the system. Simply turn the feature on and we take care of the rest.
Can I restrict earned wage access to specific employees?
Absolutely. You can select which employees are able to access their earned wages in case of emergencies.
Can I control the amount of earned wages that are accessible?
Yes, you can set a percentage of earned wages that will be available in each pay period.
Can I control the frequency of earned wage transactions?
Yes, you can set limits on the amount of withdrawals an employee can make in each pay period.
What happens if an employee overdraws wages from their next pay slip?
We have guardrails in place to stop this from happening. You can set a percentage of earned wages that are available each period. Your employees can also see their available wages balance, projected earnings, and budget so they can withdraw their earnings appropriately.
"Many of our guards know and use the earned wage access feature to draw down on their wages before payday. Giving staff the ability to manage their own finances is the future of payroll, and I think, one of the great features of foundU."
- National Protective Services
Popular features
Employee Management
One record, one source of truth, for life. No more data sync issues across multiple systems. Update it once, move on to the next
Self Service App
Manage employment info, availability, leave, time and attendance, qualifications, view upcoming shifts, see real time wage earnings, create personal budgets.
Time and Attendance
Clock apps, Geo-Location check ins, QR code scanning or simple in app shift submissions. When it comes to T&A we have a little something for everyone. Pick one or use them all, the choice is yours.