A dedication to financial wellness for employees is central to Rain’s product, decision making, and strategy. With a mission to regrow individual financial freedom by giving people control over their income and finances, Rain promotes financial wellness through Earned Wage Access.
For Employees: The Solution to Overdraft Fees and High-Interest Loans
Instant Access to Earnings: Rain offers up to 50% of earned wages, ensuring that employees aren’t put in a situation where they receive a zero paycheck. Employees with access to their earned wages can cover their expenses and avoid getting caught in a debt cycle.
Financial Education: Rain provides a suite of financial wellness tips, guides and more to help users make informed financial decisions. Employees are always given the option to access their earned wages with a free ACH option.
Ability to Meet Goals: It's often difficult for someone to think about financial goals when they are unable to cover day-to-day expenses and are stuck in a debt cycle. With Rain, employees can establish financial security and begin to meet their financial goals.
Ability to Absorb Financial Shock: In emergencies, access to earned wages can eliminate the need to scramble for a loan, helping create financial security for the future.
Flexibility to Make Choices: Financial freedom in the present allows someone to make enjoyable choices and live in a state of financial wellness.
For Employers: A Simple Way to Increase Workforce Retention
The Rain platform provides employers with a responsible solution that prioritizes their employees’ financial wellness.
Rain conducted a study of one of our large clients in the Quick Service Restaurant industry. After one year with Rain, employees who used Rain were 10 times more likely to still be with the company than those who did not use Rain. 71% of the employees that actively used Rain stayed with the company, while only 7% of employees not using Rain remained.
Promoting financial wellness among employees could improve the productivity of your workforce, saving you money and motivating your employees.
Give your employees the financial independence they deserve. Book a demo with our Rain EWA experts today. Your employees will thank you!