For Employees
"Sometimes life gets in the way." - The wage payment comes in the same rhythm, but the expenses don't. Overdrafts, microloans and credit card payments are expensive. Your boss and the paygood.app can help you. Save money and stay financially stable.
A last-minute getaway, new tires for your car, your children's school trip, a one-off offer or the deposit for a new apartment. Solve such challenges out of your own pocket. With paygood.app, you can sleep soundly.
From a tax and social security perspective, the use of paygood does not have any additional effects. The integration of paygood into the HR department's processes also does not create any additional work or control effort.
Through automated processes, paygood ensures that the amounts paid out are withheld from the net wage and booked during the next payroll run. In this way, paygood supports compliance regulations and can even promote the quality of payroll accounting. paygood disbursements of earned wages are not loans but payments on account, as they are already made manually in many industries.
They are therefore not subject to the same legal regulations as loans or other forms of credit. Manual payments on account and advance payments, which are currently common in companies, are cumbersome and time-consuming for the HR department. With paygood, these activities are no longer necessary.
paygood is a valuable financial benefit that can help improve employees wellbeing. It can even reduce employees financial stress, leading to higher productivity, greater job satisfaction and lower turnover. This in turn means that companies find it easier to attract and retain employees. Studies by Harvard University and PwC on the benefits of solutions that give employees access to their earned wages show:
By offering paygood to their employees, companies show that they care about the financial well-being of their employees, which in turn increases employee engagement and satisfaction with the company. Higher employee engagement leads to lower turnover and lower costs for recruitment, induction, and training.
Financial wellness is the confidence and strength of knowing that bills can be paid at any time. Employees who enjoy financial wellness have fewer money worries and know how to deal with them. Financial wellness ensures that employees don't bring money stress and worries to work. Instead, they can concentrate fully on their job.