EWA stands for earned wage access. It is a way for employees to receive their earned wages before their regular pay day. Basically, a third party provider is given information about time worked by the employee and pays them the amount earned right away rather than the employee having to wait for payday. While EWA programs are gaining in popularity, they raise a host of compliance and administrative issues for employers who use them. Potential issues arise from laws governing:
Employers using or considering EWA programs need to carefully consider all applicable laws and determine if their program is in compliance.
Listen in to find out how your business can avoid problems with EWA programs.
Comments or questions: Contact Mark Chumley at firstname.lastname@example.org or visit www.kmklaw.com
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