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Description
Flexpay has introduced a program for Canadian companies that allows workers to access their earned wages before the scheduled payday. This initiative grants employees the ability to retrieve up to 90% of their accrued earnings whenever needed, without imposing any monthly fees on them, and it remains free of charge for the businesses that partner with Flexpay.
The primary aim of this wage access initiative is to enhance employees' cash flow management, enabling them to effectively handle their expenses and address unexpected financial challenges with greater confidence.
By simplifying the process of financial planning and budgeting, Flexpay empowers individuals to meet their immediate needs while also laying the groundwork for a more secure financial future. This innovative service ultimately contributes to fostering a sense of dignity in daily living.
Description
India boasts its first and largest platform for earned wage access, designed to provide both full-time and contracted employees immediate access to their earnings. Many human resource professionals face significant financial anxiety, which can lead to decreased focus, carelessness, and unsatisfactory job performance. As the burden of financial stress grows over time, employees often find it challenging to juggle personal challenges alongside their work responsibilities, ultimately affecting their productivity. The increasing obligations of debt and cash flow issues among workers may escalate the demand for salary advances, thereby influencing the working capital of employers. Additionally, a rise in financial stress among the Indian workforce can lead to higher rates of absenteeism and increased turnover costs for companies. This financial strain can hinder even top performers, who may be reliant on performance-based rewards. To combat these challenges, organizations need to implement effective long-term wellness programs that not only tackle these financial issues but also foster financial resilience within their employees, ensuring a more stable and productive work environment for all.
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Free Trial
Free Version
Pricing Details
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Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
Librent Investments Inc.
Founded
2023
Country
Canada
Website
www.librentinvestments.com
Vendor Details
Company Name
Refyne
Founded
2020
Country
India
Website
refyne.co.in/