Open enrollment season is an exciting time for both employers and employees. It's the period when employees can make important decisions about their healthcare and other benefits for the upcoming year. But what if we told you that open enrollment can be even more beneficial for your workforce and your business? By launching Rain as your Earned Wage Access (EWA) provider during open enrollment, you can provide your employees with a responsible financial tool that is sure to be their new favorite benefit.
Here's why launching Rain during open enrollment makes perfect sense:
Holiday Season is Approaching:
As we approach the holiday season, financial stress can really take a toll on your employees. Between gift shopping, travel expenses and regular bills, the pressure to make ends meet can decrease productivity while on the job. Rain can help bridge the financial gap between paydays for employees, offering peace of mind around the holidays.
A Desired Benefit:
Open enrollment is a crucial period for both employers and employees as it is the time when individuals can review, change, or enroll in benefit plans. Employees look forward to choosing benefits that will cater to their personal and family needs.Employees prefer companies that provide Earned Wage Access as it proves an employer’s commitment to their financial well-being.A company utilizing Rain surveyed its distribution center employees and learned that they would rather have Earned Wage Access as a benefit than a pay increase of 25 cents per hour.
Make Your Company Stand Out:
Today’s job market is competitive. One of the best ways to stand out as a leading employer is by utilizing Rain as an Earned Wage Access provider. By launching Rain as your EWA provider during open enrollment, you can address employees' immediate financial needs, attract and retain top talent, boost employee engagement, and demonstrate your commitment to their financial well-being. Improve your employee retention numbers, and ultimately your company’s bottom line, by offering Earned Wage Access through Rain.
Taking action now will help your company before the year-end rush. Don’t wait until the new year to start evaluating Earned Wage Access - let’s set a meeting today!