Features
Zero Integration Cost for the company
A company-friendly platform with easy steps for onboarding that takes care of the financial burden of employees.
Risk Free Solution for the Employers
Without disturbing the working capital requirements of the companies, it caters to the Advance Salary needs of its employees.
Easy to Use
Insanely Simple User Interface makes it easy for both the employers and the employees to leverage full potential without any hassle . Causes no modification to existing payroll systems.
Empowered Employees
Rather than turning to the unregulated markets which provide high interest rates, TimePe enables the employees to maintain their liquidity via Earned Advance Salary.
Seamless Integration
TimePe eliminates the need to spend time on integrating software with the existing systems. Employers can easily integrate the software at zero cost and help employees earn their salaries.
The best asset of any company is its people
The HR Department, while dealing with the compensation & employee benefits on the front foot is responsible to maintain the financial well-being of an employee.
- HR’s role of building the Company Culture.
Having the privilege to address monetary issues along with any other qualitative concerns, it is the foundational role of HR to actively build company culture and ethos. Early Advance Salary is a tool that can be extended by the company to show faith and intention of wellbeing for their employees.
- Selective Approvals for Advance on Salaries.
Employees feel hesitant to come to the office of HR for disbursement of advance salary. Moreover, it can prove to be a challenging task to manage cash flow and accommodate every request generated by the workforce! Introducing the concept of EAS, without disturbing the working capital needs of the company, TimePe lifts the burden off the shoulders of HRs to issue advances to the employees for their needs.
- Hire the Best
For any organization to flourish, attracting fresh talent is an ongoing process. It is this display of the company’s intent to take care of the wellbeing of the employees, will attract talent and help retain them. The company now ensures improved quality of life for its people.
How is EAS safer than loans from an unregulated credit market?
- EAS does not enable the habit of borrowing
Budget Forecasting & Financial Planning are the two by-products of EAS. The employee receives the amount during the month that he has earned by working “n” number of work days & prevents dependency on month-end paychecks.
- EAS doesn’t tamper with the financial stability of an employee.
Employees get their earned salary which lifts the burden to pay back the amount whereas a loan will put you inside the vicious cycle of repayments & high interest.
- Traps employees under hidden/multiple types of processing charges
Loans from the unregulated credit market are a clear trap for employees to get into debt trap. For instance, higher interest rates, hidden fees, etc. However, TimePe charges minimal fees for each withdrawal. In addition, the employees will not be bombarded with hidden charges for their earned salary.