END WORKPLACE DEBT
GetVanced is a financial wellness platform that allows employees to get immediate access to a percentage of their earned wages, which allows them to cover unexpected expenses and avoid expensive credit products.
POOR FINANCIAL WELLNESS COSTS EMPLOYERS
More than half of S.A employees have financial worries, which costs employers 11-14% of the annual payroll in lost productivity and increased employee turnover.
Those with financial worries are 2.2 times more likely to be looking for another job. The cost of losing an employee is 16-20% of total salary cost.
Those with financial worries are 4.5 times more likely to have troubled relationships with their colleagues.
TROUBLED RELATIONSHIP WITH CO-WORKERS
Those with financial worries are 5.8 times more likely not to finish their daily tasks on time and 4.9 times more likely to experience diminished work quality. Combined, this equates to 25-31 lost work days annually.
Positive Results for Everyone
By giving employees the flexibility and power to access their earned wages whenever they need them, workforces are more productive, more motivated and stay loyal for longer.
Harvard Kennedy School working paper, The Power of the Salary Link, validates our model.
Increase in job applications
No loans, no credit, no interest charges, just improved financial wellness
Seamless integration; easy adoption
Our smart technology sits safely and securely between a company’s finance operations and employee bank accounts, with no set-up costs.
Better financial wellness, forever
We believe better financial wellness is a lifelong learning endeavour. That’s why, we’re creating a Just In Time financial education tool that provides an employee with a library of expert tools, tips, articles and advice.
Our 'help to save' technology will allow employees to provision and control a savings account in-app, setting goals and amounts they want to save from their earnings every month.