Chronic absenteeism costs employers billions of dollars in lost productivity annually.
When an employee is absent from work, others may need to take on additional tasks. This can lead to a decrease in productivity for both coworkers and management, which may lead to a decrease in employee engagement.
Chronic absenteeism is an avoidable issue.
Businesses that offer ZayZoon’s Earned Wage Access saw absenteeism reduced by 8 hours - one full work day - per employee, per month!
Employees who use ZayZoon report that on-demand pay eases stress so they don’t have to miss work due to financial emergencies e.g. fuel in vehicle, childcare accommodations, etc.
In addition, our ZayZoon Wage Calculation is also based on historical averages based on previous paychecks. This helps ensure employees access only a portion of their estimated wages and deductions have a softer impact on pay day. Based on this historical average, fewer hours worked in a pay period impact the wages available in the next.
To learn more about absenteeism, please visit this page on Absenteeism