rapid! OnDemand

5 reviews

rapid! OnDemand is a financial service that enables employees to access their earned wages in near real-time, offering flexible delivery options ranging from immediate transfers to two-day processing. This solution empowers employers to provide timely compensation, enhancing employee satisfaction and financial well-being. Key Features and Functionality: - Immediate Wage Access: Employees can retrieve their accrued earnings almost instantly, aligning with company policies. - Flexible Delivery Options: Funds can be credited instantly or via ACH to an existing account of the employee, a rapid! PayCard account, or cash pickup at retail locations. - Per Transaction Fees: Employees are only charged for services used, with fee caps to keep costs low. - Seamless Integration: The system interfaces with payroll and time/labor systems to track and value accrued labor, eliminating risk. - Policy Governance: Employers can set policies to govern access amounts and frequency, ensuring control over wage disbursement. Primary Value and Solutions Provided: rapid! OnDemand addresses the growing need for financial flexibility among employees by providing immediate access to earned wages. This service not only enhances employee satisfaction but also offers significant benefits to employers, including: - Increased Job Applicants: Offering on-demand pay can attract a larger pool of candidates. - Improved Employee Retention: Financial flexibility contributes to higher employee loyalty and reduced turnover. - Reduced Absenteeism: Timely access to wages can alleviate financial stress, leading to a more engaged and present workforce. By implementing rapid! OnDemand, companies can provide a valuable financial benefit, fostering a more satisfied and productive workforce.