Early Wage Access Update: How Has the Pandemic Changed Your Ideas

Duration 60 Mins
Level Basic & Intermediate & Advanced
Webinar ID IQW21A0132

  • Assessing the need for EWA-is it a fit for my company
  • How will it help or hurt my employer to offer EWA
  • Available methods of providing EWA
  • Questions to be asked prior to deployment of an EWA program
  • Looking at voluntary deductions-how are did they handle them
  • Legislative actions – Federal and State updates
  • What is a constructive receipt and how does it affect EWA

Overview of the webinar

Early wage access is a 21st-century phenomenon.  Allowing employees to receive a portion of their earned wages in advance, as opposed to receiving the entire amount on a designated payday, is changing payroll practice all over the country.  What is the payroll’s role in defining and creating best practices in this new area?  What are the challenges of meeting a demand that mirrors our “instant gratification” society?  Order an item online?  Has it delivered by tomorrow?  Order food from a local restaurant?  It will be delivered within an hour.  Want to be paid?  That should be available on-demand too, right?  We’ll look at current practice as well as questions for the future of Early Wage Access/ Earned Wage Access and its usefulness in a time when wages and work are not as predictable as is the norm. The webinar will help attendees determine if the process is appropriate for their company and examine ways to determine their best path towards deployment.

Who should attend?

  • Payroll Associate
  • Payroll Analyst
  • Payroll Supervisor
  • Finance Manager
  • Shared Services Manager

Why should you attend?

Early Wage Access/Earned Wage Access is becoming a progressively more important issue for many employers. Employees request that a portion of their pay be paid to them as soon as it is earned, as opposed to receiving 100% of their pay due on payday. During this time of pandemic business closings and modifications, employees may exhibit more anxiety about lowered or adjusted wages. An economic strain may force employees towards an EWA solution. Employers who are attuned to this trend should be ready to pivot towards making this adjustment. Attending this webinar will give the attendees information about the types of EWA, which is most advantageous for their company, and raise some of the questions that will need to be legislated or otherwise answered in order to process the administration of EWA. Regardless of the size of your company, you’ll be able to learn something about this new trend by taking this webinar!

Faculty - Ms.Merle Capello CPP

Merle Capello, CPP has been a payroll manager and educator for more than 30 years. She has held the CPP designation for more than 20 years and has worked in industries ranging from advertising to brokerage, from food production to data analysis. Merle has taught payroll administration in both college and corporate classrooms and has also assisted with local CPP and FPC Study Groups, helping payroll workers to gain and maintain certification. She has also consulted with payroll processing startups and established clients as payroll and payroll tax subject matter expert.

Credits

HR (General) recertification credit hours toward aPHR™, PHR®, PHRca®, SPHR®, GPHR®, PHRi™ and SPHRi™ recertification through HR Certification Institute® (HRCI®). Please make note of the activity ID number on your recertification application form. For more information about certification or recertification, please visit the HR Certification Institute website at www.hrci.org

ComplianceIQ is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CPSM or SHRM-SCPSM. This program is valid for [1] PDCs for the SHRM-CPSM or SHRM-SCPSM. For more information about certification or recertification, please visit www.shrmcertification.org.

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