Rain's EWA program allows employees to access a portion of their earned wages before their regular payday, providing them with financial flexibility and helping them avoid high-interest loans and overdraft fees.
Employees who used Rain in 2023 are estimated to have saved a total of
As inflation continues to have a significant effect on the economy, fewer middle-income households are confident about their ability to make payments, save, or plan large purchases. Nearly half of Americans have
As a Workday Partner, Rain will leverage a direct API integration with Workday
Workday HCM is a unified system that helps enable organizations to make faster decisions, gain operational visibility, prepare for future talent shifts, and build effective teams.
“Our partnership with Workday allows us to support its customer base by providing their employees with tools and resources that will help them achieve financial well-being. As workers continue to face challenges posed by the limitations of traditional pay cycles, we are looking forward to providing them with much-needed flexibility and relief. Additionally, we look forward to our EWA solution making a positive impact on employers’ potential for attracting and retaining talent and building stronger workforces,” said
This partnership is the latest milestone in Rain’s expansion journey. Since its inception in 2019, Rain has onboarded over 2 million employees and distributed over
To learn more about Rain, visit www.rainapp.com.
About Rain
Rain is the trusted leader in employee-centric financial wellness solutions, serving middle-market and enterprise organizations nationwide. Through a comprehensive suite of offerings, including earned wage access and an array of financial wellness benefits, Rain seamlessly integrates into any organization’s existing infrastructure, providing the flexibility essential for effective financial management. Rain’s mission is to give employees greater control over their financial futures by eliminating the need for payday loans and other predatory financial products. Rain’s customers include global brands such as Hilton, McDonald’s, Marriott, and Subway and span various industries beyond restaurants and hospitality, including healthcare, retail, school systems, and non-profits. Visit www.rainapp.com to learn how to elevate your workforce’s financial wellbeing with Rain.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240916073493/en/
Source: Rain
