ONTARIO, Calif., Sept. 07, 2022 (GLOBE NEWSWIRE) — ZayZoon, the earned wage access provider for small and medium businesses, today announced the launch of “Payday – Are We There Yet!?”, their US tour in VR. Led by ZayZoon Co-Founder and President Tate Hackert, the grassroots initiative will give employers and employees a chance to have their say and help shape the future of work. With 61% of Americans living paycheck to paycheck, there’s never been a better time to help improve employee financial health.
“We have made it a priority to connect with the people we exist to empower. It is their stories and experiences that guide the direction of ZayZoon. We will continue to shape ZayZoon based on the changing needs of business owners and consumers. This tour is yet another example of ZayZoon bringing our core value of ‘People Driven’ to the fore.” -Tate Hackert, President, ZayZoon
In its recent Financial Wellness Report, ZayZoon surveyed 2,000 employees of small and medium-sized businesses to understand their relationship with finances. The results highlight a growing need for solutions that can help individuals achieve good financial health.
- 65% had an estimated net worth of $5,000 or less
- 60% had assets totaling $5,000 or less
- 19% had $500 or more in credit card debt month over month
- 18% had liabilities of $5,000 or more
- 40% had some form of payday loan debt (with an average interest rate of 391%)
Fortunately, there is something employers can do to help. In the same survey cited above, 89% of respondents said that adopting an earned wage access solution reduced their financial stress. ZayZoon offers small and medium-sized businesses an innovative employee benefits solution that fills positions up to 2x faster, reduces employee turnover and increases retention. ZayZoon’s convenience, accessibility, and low customer cost protect employees from costly alternatives, including payday lenders or overdraft penalties.
For a detailed overview of ZayZoon’s tour across America, please visit www.zayzoon.com/rv-road-show.
About ZayZoon
ZayZoon’s mission is to materially improve the financial well-being of employees with effective and attractive financial products that create a business advantage for employers. By leveraging ZayZoon’s extensive and robust integrated payroll technology, companies are equipped with tools to empower their staff to access a program that includes: on-demand salaries, financial wellness, and a prepaid expenses. Workers around the world rely on predatory products like payday loans and overdraft fees to bridge the gap between paychecks created by predetermined pay cycles. ZayZoon aims to break this cycle. ZayZoon’s on-demand access to salaries helps reduce financial stress for employees and improves retention, resourcing and productivity in the workplace.
Media Contact:
Shannon Dougall
Senior Vice President, Marketing
ZayZoon
[email protected]
Related images
Image 1: ZayZoon Employee Wagon
The ZayZoon Wage Wagon will be touring 17 states to accelerate financial wellness in the workplace.
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