Feeling Burnt Out? EWA May Help
Burnout is unfortunately common among today’s workforce. A whopping 77% of employees reported feeling burnt out in a Deloitte survey, and 70% feel that employers aren’t doing enough to help. So, what’s the solution?
While burnout is a complex response to a number of employment factors—including unfair treatment at work, unmanageable workload, unclear manager communication, and lack of manager support—EWA may actually aid with employee burnout. Let’s take a closer look at three reasons this might be the case.
More Perceived Support from Employers
First, EWA is a benefit that you actually want. A 2019 Visa report found that 95% of employees want to work for an employer that offers EWA, and 79% would switch to an employer that offers it. Many organizations are trying to solve burnout by offering surface-level perks like happy hours or company events, but EWA is a welcome addition to a benefits package.
What’s more, EWA has a direct correlation to overall health and wellness. The Visa report also found that 68% of employees felt that financial issues were impacting their health, and 84% of employees worried about finances while at work. We know that one angle of combatting burnout is supporting employees’ physical and mental health, so it’s no surprise that easing financial concerns has that effect.
Our internal data at Keeper indicates that 88% of employees are happier with their employer after Keeper than they were before EWA was implemented, which is a major positive development toward improving burnout.
Clear Connection to Pay After Working a Shift
Another underexplored connection between EWA and burnout is the innate satisfaction that EWA users feel after working a shift.
In some burnout cases, part of the problem is that the concept of payday has disconnected the work itself from the earned wages. Employees show up and work in grueling conditions for multiple shifts, and by the time they receive their pay, it’s hard to feel like the paycheck justifies the work.
With EWA, you have the option to withdraw your earned wages right after your shift is completed. There’s a more direct link between the challenges you just faced on the clock and the money you’ll receive for your services, and having that clear link can make the job feel more worthwhile.
Employees Take Back Control
Finally, EWA puts the control back into your hands as the employee, which can be another opportunity to reclaim your own perspective on the work itself. The reality is that after a shift is complete, employees have already earned their wage funds.
Employers benefit from the simplicity of providing paychecks every two weeks (or on their own schedule), but employees deserve the control to choose when they access their funds. EWA makes that possible without adding any complexity back to the employer’s process.
The Big Picture
Ultimately, EWA is unlikely to instantly solve burnout on its own. But, it has been proven to boost employee satisfaction and make employees happier on the job. If you’ve been struggling with burnout, it may be worth exploring how EWA may affect your experience. We hope it helps!
For more research on how EWA affects the employee experience, check out the rest of our Resources page. And if your organization already offers EWA with Keeper, download our app today in the App Store or Google Play Store.