The pandemic’s toll on frontline healthcare workers is almost unfathomable. It’s been a two-year barrage of patients, stress and fatigue that’s contributed to staffing shortages at a time when the need is greatest. Employers are responding by reevaluating every aspect of their offers to new workers, including the way they receive their salaries.
IntelyCare, a Boston-based placement service for nursing professionals, has begun offering earned wage access, a benefit that enables employees to receive the earned portion of their paychecks ahead of the regular biweekly schedule. “Nurses have more control over whether they want to work and how. Having control over when they get paid contributes to work-life balance,” John Shagoury, president and chief operating officer of IntelyCare, tells John Adams, executive editor of payments for American Banker.