The concept of EWA is simple—giving employees immediate access to a portion of their salaries as soon as they have earned them, rather than having them wait till their next scheduled salary day. Companies that provide these on-demand pay services to employees are solving real-world problems with innovative solutions.

The onslaught of the covid pandemic has sent a stronger message to all that it is crucial to have a financial safety net at all times as many have been hard hit. On this note, IFS Capital envisions EWA could yet be another financial tool to help local employees.

By 2025, millennials will make up 75% of the global workforce while Gen Zers will account for 27%- based on Deloitte estimates. According to Aon Hewitt, millennials are currently the largest generation in the Singapore workforce. Therefore, it is crucial that organisations take concrete actions to meet the expectations and preferences of these millennials and Gen Zs. But what will they want from their workplace – and what won’t they accept?

It all begins with an idea.

It all begins with an idea.

It all begins with an idea.