Press release
Next Generation of Wisely® by ADP Offers Workers Enhanced Digital Financial Wellness Options
New Features – Including Earned Wage Access1 – Help Workers Better Manage Their Financial Lives and Give Employers a Hiring and Retention Advantage ROSELAND,
About this update from Automatic Data Processing, Inc.
[{"type":"text","content":"New Features – Including Earned Wage Access1 – Help Workers Better Manage Their Financial Lives and Give Employers a Hiring and Retention Advantage\nROSELAND, N.J., Nov. 17, 2022 /PRNewswire/ -- ADP, a leading global technology company providing human capital management (HCM) solutions, today announced enhancements to its award-winning Wisely® by ADP payment platform with advanced capabilities and innovative features like Earned Wage Access (EWA), designed to give employees more control of their finances, and help employers better attract and retain talent.\n\n \n \n \n \n \n \n\n \nThe data-driven design of the Wisely platform provides an all-in-one solution for financial wellnessMany workers today do not have a relationship with a bank or prefer not to rely on traditional banks. As the next generation of employees enters the workforce, they bring with them digital-driven preferences – including increasing dependence on mobile money management tools. Wisely by ADP provides workers with a secure, digital account2 that helps them access their money, spend, plan and save with fewer fees and headaches. Their Wisely digital account2 allows them to put all their sources of income in one place –creating a frictionless user experience for employees even when they change jobs. Wisely by ADP is accessible to all workers, whether they are W-2 or 1099. It's a compliant, unified payments solution that enhances efficiency – saving employers time and money.\nThe addition of the EWA feature, offered in partnership with DailyPay, gives employees access to wages they've earned before payday at no cost3 right from myWisely.com or the free myWisely® app4. Earned wage access is becoming a key benefit differentiator. According to ADP research5, 91% of millennial workers and 82% of Generation Z workers said it is important for their employer to offer earned wage access. Over half (57%) of Generation X and baby boomer workers said it is important to them as well. \n\"The Wisely platform solves problems ADP understands better than anyone else,\" said Gautam Sukumar, SVP and general manager, Employee Financial Solutions at ADP. \"The data-driven design of the Wisely platform provides an all-in-one solution and enhanced user experience that puts financial wellness, money management and spending flexibility into every employee's hands. It's the future of ...