Easing employees financial strain with Real-Time Remuneration (RTR)
Empower your team with the financial flexibility to choose when they get paid.Are you noticing the strain of increasing living costs impacting your team? Energy bills, interest rates, and grocery prices seem to climb higher each day, leaving your team struggling to make ends meet. Waiting for payday can feel like an eternity when faced with urgent bills or unexpected expenses. But what if there was a way for your team to access the money they have already earned without waiting for their next paycheque?
What is Real-Time Remuneration?
Real-Time Remuneration (RTR) is a solution designed to ease the financial burden on your team and empower them to take control of their finances. With RTR, your employees can access a portion of their accrued pay as they earn it, without any waiting period or loan agreements. It is your employee’s money, available when they need it, without the stress of high-interest loans or hidden fees.
What are the benefits of Real-Time Remuneration?
RTR is a strong step towards financial autonomy, reducing stress and raising productivity and well-being for your team. Multiple research studies show that real-time wage access improves staff retention by up to 19%. RTR has numerous other benefits:
Financial Flexibility
Whether it is paying off overdue bills, handling unexpected expenses, or contributing to savings, RTR gives your team the flexibility to manage their finances on their terms. No more worrying about making ends meet between paycheques.
Increased job satisfaction and loyalty
Offering real-time remuneration demonstrates that employers understand and prioritise the financial needs of their employees. This can lead to increased job satisfaction and loyalty, as employees feel valued and supported by their employer.
Enhanced recruitment and retention
Real-time remuneration can be an attractive benefit for potential employees, especially for those who may be living paycheque to paycheque or have irregular income needs. Offering this financial flexibility can set your organisation apart from the competition when it comes to the employee experience and company culture.
Reduced Stress and Anxiety
Financial stress is a prevalent issue that can significantly impact employee well-being and productivity. RTR alleviates employee anxiety about meeting financial obligations so that they can focus more on their work. This leads to improved mental health and job satisfaction, as well as productivity and efficiency which benefits both employees and employers alike.
Low risk for employers
RTR incurs no additional risk for employers. Your team is accessing their already accrued funds, they are not getting ahead of what they are due. This is not the same as if an employee goes into a negative leave balance, or uses pay-day lenders. Third-party RTR providers also reduce the administration work required, handling the payment and supporting your payroll team with the information they need to maintain accuracy and accountability.
About CashD
CashD is an Australian business with a mission to revolutionise the way people get paid. With their support for real-time remuneration, CashD enable businesses to empower their teams to choose how and when they get paid. CashD integrates with MYOB Advanced Payroll directly, removing any administration requirements and making the process seamless.
Accessing earned wages through CashD is quick, easy, and secure. There are no background checks, no impact on the employee’s credit score, and no loan agreements to worry about. Just a straightforward process to access the money a team member has already earned.
CashD Offer Real Time Remuneration in your business eBook
Download nowTransparent Costs
With CashD, transaction fees are transparent and clearly outlined for employees. They know exactly what they are paying for: the convenience of accessing their earned wages early. No surprises, just straightforward wage access.
To explore real-time remuneration and decide if it is right for your organisation, contact an expert. Email sales@kilimanjaro-consulting.com or call 1300 857 464 (AU) or 0800 436 774 (NZ).
