Staffing agencies, security agencies, and facility management companies play a key role in providing the required workforce to many companies across various industries. However, they face a number of specific challenges, such as matching supply with demand or diversifying their workforce, which affect their efficiency and competitiveness. Withstanding challenges in a turbulent environment requires strategic planning, flexibility, the ability to innovate, and strong relationships with both customers and workers. One of the innovative options that can bring positive change to agencies is offering Earned Wage Access.
Earned Wage Access is a modern solution for paying out earned money that helps staffing agencies, among others, improve their competitive position on the labor market. Using a simple mobile or web app, workers can see how much money they can send to their bank account at any given time.
Increased interest from foreign workers is one of the current topics staffing agencies are dealing with. Gaining access to earned wage access, as opposed to being paid a wage typically only after 30 days, represents a big difference that can be decisive when choosing an employer. At the same time, it is a motivator for more efficient work and loyalty toward the agency.
Some staffing agencies are responding to the turbulent changes of this era by paying their workers several times a month. This is often a competitive advantage compared to working directly for the end company. However, it also represents a significant administrative, cash, and time burden that holds companies back from further development. Advanto offers a simple and fast solution in the form of its eponymous digital platform.
Reducing cash transactions, administrative and time burden, and increasing employee loyalty are just some of the positive aspects that Earned Wage Access from Advanto brings. These advantages contribute to the efficiency and competitiveness of agencies, ensure higher employee satisfaction, and can lead to improvements in their long-term performance, all without any impact on the agency's company cash flow.
Earned Wage Access brings benefits to both agencies and workers themselves. Employees have the option to pay themselves out instantly and gain access to funds whenever they need them. This increases their financial stability at a time when more than 59% of Czechs are not able to cover an unexpected expense of CZK 13,600 without difficulty¹. The app also includes an attendance overview and financial education through fun quizzes.
Advanto provides a modern and secure solution that is easy to integrate with existing attendance and payroll systems. Thanks to its smart app, the company currently gives more than 50,000 employees access to their money at any time, both in the Czech Republic and abroad. Thanks to Advanto, agencies save time and resources, allowing them to focus on growing their business. Companies such as Centra or ManpowerGroup know this well, having given their employees access to the benefit since the first half of this year.
