Time and attendance technology has transformed the traditional punch time clock into an all-in-one business solution. With biometric technology to curb buddy punching and cloud software that automates labor intensive timekeeping and employee management tasks, time clocks now do so much more than just track time.
“We’ve seen that technology has the ability to democratize access to information, products, and services, making systems more efficient while removing friction. With this partnership, we aim to do the same for the HR tech industry so that both businesses and employees benefit”
Today Clair, a New York-based financial technology company, announced a partnership with Workwell Technologies™ to offer employees on-demand access to their pay through uAttend, Workwell’s cloud-connected time and attendance system.
The integration with Clair’s Payday Wallet changes the game for time systems, and soon any employee will be able to access their day’s wages right from the digital time clock where they punch in and out of work.
“We are proud to be one of the first partners to integrate Clair’s technology directly into our time clocks,” Cristal Redman, Vice President of Product Development at Workwell Technologies said. “We are constantly evolving our services to offer our customers the most advanced employee management capabilities available. This partnership with Clair allows us to extend a much-needed perk and value add to small businesses and their employees who are seeking greater financial stability.”
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The industry shift to on-demand pay is accelerating. Within five years, it’s predicted on-demand pay will become the norm. Research from Ernst and Young reveals that globally 80% of workers have an appetite to use solutions that give them access to already-earned wages before their traditional payday.
Nico Simko, Co-Founder & CEO of Clair stated, “when workers get on-demand access to their earnings, critical employer KPIs increase. We’re seeing 34% reduction in absenteeism, 40% reduction in turnover and 86% increase in job performance, not to mention an increase in financial wellness, which is something we at Clair believe everyone deserves.”
After a year of COVID-19 disrupting people’s lives, it’s not surprising that finances are the top cause of employee stress. Almost three-quarters of workers suggest they would be attracted to employers who cared more about their financial well-being. By partnering with Clair, Workwell Technologies aims to support their employers to deliver on this need.
Workwell™ Technologies will embed Clair’s Payday Wallet across their uAttend cloud-based time and attendance system, which includes time clocks, cloud accounts and mobile apps to provide employees access to on-demand paydays.
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“This is an exciting time for uAttend customers. Our customers tell us that employee wellbeing is one of their top priorities, and this new feature is just one more step in our commitment to providing the best in time and attendance management capabilities to businesses”, Redman added.
When employees access their Payday Wallet via Workwell’s integration, they will immediately receive a number of other financial tools and services from Clair. Employees who set up their Payday Wallet will receive a Clair Debit Mastercard® with free withdrawals at over 40,000 U.S. ATMs. Employees will also gain access to virtual payment options like Google Pay, Apple Pay, and Samsung Pay, as well as free domestic ACH transfers.
“We’ve seen that technology has the ability to democratize access to information, products, and services, making systems more efficient while removing friction. With this partnership, we aim to do the same for the HR tech industry so that both businesses and employees benefit”, Simko shared.
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