Press release on our own behalf - HR Improvement launches the paygood app

German startup makes salary payment on demand possible

Around 44 million people work in dependent employment in Germany, but are only paid once a month for their daily work. This means they are constantly granting their employers interest-free loans for work they have already done. It would therefore be fairer if employees could flexibly dispose of salary entitlements that have already accrued. An HR tech start-up is now making precisely this technically possible, creating a real revolution in Germany.

Salaries are the most important source of income for most people; they use this money to secure their livelihood. Unfortunately, however, wages are usually only paid once a month. This leads to regular financial problems for many employees because short-term liabilities cannot be bridged or the household budget is simply empty. What's more, according to a recent study by Stiftung Warentest, overdraft facilities have become considerably more expensive since 2022. This means that anyone who slips into an overdraft on their account, even for just a few days, must now expect to pay steep interest rates.

Financial stress worsens health and performance, and employers notice this in the form of rising sickness rates and weaker work results. If you also consider the difficult current economic situation with high inflation, a salary payment on demand brings very valuable added value.

Companies in other countries, such as the United Kingdom, are already using this earned wage access model - with astonishing success: Absenteeism and staff turnover fall sharply, and work motivation increases considerably.

Innovation "Made in Germany"

The young German HR tech company "HR Improvement GmbH" has now launched paygood, the first digital solution for flexible salary payments on the German market. The product gives employees flexible access to the salary they have already earned - free of charge, without fees and without interest. At any time and simply via app.

paygood automates the process for salary deductions and offers employees smart and free support in the event of financial bottlenecks. Companies can look forward to greater employee satisfaction and motivation and become more attractive to sought-after talent on the job market.

paygood is the first German HR tech service with a strong social component, benefiting employees and employers alike. The founders have invested their many years of HR expertise and put their heart and soul into developing the first digital Earned Wage Access model for Germany. This is a great opportunity for companies and employees in our country - the era of fairer salary payments has begun.

"We want to help companies improve the financial well-being of their employees - especially in these difficult economic times! Our solution will improve financial conditions for many people."

Kurt Beckers, co-founder and managing director of HR Improvement GmbH

"Germany needed a real alternative to expensive micro and small loans for employees. We have now created this with paygood - employees and their employers can finally benefit."

Sonja Bell, Managing Director of HR Improvement GmbH

About paygood

paygood was created with the aim of contributing to the financial well-being of all employees and achieving added social value. The innovative APP enables employees to react flexibly to shortages and remain financially stable. Employers thereby help to reduce the financial stress of their employees and strengthen employee loyalty. Employees can securely and discreetly request a portion of their wages or salary at any time via the app. The portion of salary paid out is then automatically deducted from the next payroll. These "Earned Wage Access (EWA)" offers are already available in many countries within and outside Europe. paygood also provides information on the topic of financial stability and thus supports employees with budgeting and financial planning. This makes paygood unique and creates a social benefit.

About HR Improvement

HR Improvement GmbH is an innovative HR tech company founded in early 2023 by experienced HR experts. The aim is to support companies in making their HR departments more effective and promoting the financial stability of their employees. To this end, HR Improvement has developed the first "Earned Wage Access (EWA)" app for the German-speaking market with paygood. The innovative service solution contributes to the financial well-being of all employees and achieves added social value. With paygood, employees have access to a portion of their earned wages at any time. HR Improvement thus helps employees to reduce financial and psychological stress and increase their well-being and commitment.

More information on paygood and HR Improvement is available at https://paygood.app or https://hr-improvement.de.