A large sign hangs on IBEX’s wall that reads, “Time to be Amazing.” The sign itself is bright white and its letters black and red and italicized, emphasizing that at IBEX, being amazing is a core value, even if unofficially. Hanging in clear sight of workers, this sign reminds employees without subtly why they’re there: to be amazing! To serve IBEX’s clients with presence, joy, and dedication, and to serve the company and each other through hard work, collaboration, and respect. The message is that right now is the moment to be amazing. Not this afternoon and not tomorrow. Today. In this moment. In this minute. This very second.
IBEX values TIME.
The time it takes to be amazing between minute one and minute sixty of an hour. The time it takes to be amazing from eight o’clock until noon and then again from one o’clock until five. The time it takes to be amazing from January 1st until December 31st.
With time on their side as they pursue amazing, IBEX employees earn a living. They turn time into money for themselves and for their company.
But IBEX has a secret when it comes to TIME.
The company knows how to free up more of that precious resource so that their employees can turn more time being amazing into more revenue and profit for the company.
What does IBEX do? It’s simple. At no cost to the company itself, IBEX offers its 3,000 US based employees the PayActiv Holistic Financial Wellness Benefit. Eighty-five percent of their employees use the benefit to access money they have earned but have yet to be paid between paychecks. It’s called Earned Wage Access (EWA) and PayActiv invented the technology that drives access like oxygen, giving those IBEX employees time to breathe.
Study after study shows that employees who experience financial stress are not as productive, not as engaged, and not as present as employees who feel financially secure. The 70 million workers in this country who are living paycheck to paycheck often feel distracted, preoccupied, anxious, scared, and frustrated. Do these sound like ingredients that lead to being Amazing?
Employees give their units of time to IBEX, and IBEX immediately makes employees’ earnings accessible to them, reducing their stress, and freeing them up to focus on their work.
Through the PayActiv benefit, IBEX employees have accessed more than $10 million between paychecks.
Now that’s AMAZING.
Eighty-five percent of IBEX employees use the PayAtciv benefit between paychecks to access money they have earned but have yet to be paid.
PayActiv is a holistic financial wellness benefit that provides Earned Wage Access (EWA) to one million workers every month. The PayActiv membership model comes at no cost to employers and a minor cost to workers. With a membership—$5 per two-week period (and only when they use it)—users can make unlimited draws on up to 50% of their earned wages; utilize the PayActiv bill pay service and automatic savings features; access financial counseling and resources; and order an Uber or purchase products through Amazon—all using their already-earned but yet-unpaid wages. Over 1,000 companies across 20,000 locations currently offer their employees the PayActiv benefit, which has moved more than $2.5B in 2019 and saved users an estimated $240M in late fees and interest.
Holistic Financial Wellness
Learn how PayActiv measurably reduces employee financial stress and employee turnover.