FlexPay
Employers have more control over payroll and employees more control over their financial lives with FlexPay
FlexPay - a complete paycheck solution
5.4% of private employers pay their employees once a month according to the 2019 Current Employment Statistics. That’s not surprising — employees find budgeting and saving more difficult on monthly pay schedules, and waiting so long to get paid can be demoralizing for hard-working employees.
So why are so many companies still paying employees on a monthly basis?
The truth is, monthly pay periods are easier for employers because they don’t have to process payroll as frequently, even though monthly pay carries the cost of lower employee morale and higher turnover.
To give employers and employees a mutually beneficial pay system that offers both ease and more frequent pay periods, we created FlexPay. The FlexPay System is a seamless digital solution that provides easy, low-cost payroll advance options to employers and employees, with a focus on educators still dealing with once a month pay. FlexPay provides employers the option to increase their pay frequency to weekly or biweekly, thus reducing their own payroll stress and boosting their employees’ financial stability.
