Fill jobs faster with employees who want to stay

It's no secret that companies are struggling with retention. A record 50.6 million U.S. workers quit their jobs in 2022 alone. Labor shortages and mass employer turnover are unfortunately becoming a norm. 

Evidence suggests that modern payroll benefits can be a part of the solution. In particular, on-demand pay is tied to a positive impact on retention rate. Businesses that offer this benefit report they are able to fill jobs in half the time and reduce employee turnover by 29%. As a Thread HCM client, this benefit is available to you at no cost through our partner vendor, ZayZoon. .

Watch this short video to learn more about ZayZoon and how their financial solution helps you attract and retain talent.

"ZayZoon has been so helpful to me. It came in a time of need. Thank you so much."
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April White
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Reducing Employee Absenteeism

The impact of employee absenteeism can weight heavily on team performance, productivity and even profits. 

Flexible payroll benefits can be a part of the solution. In particular, on-demand pay is tied to a positive impact productivity. Businesses that offer this benefit report they see up to 8 hour reduction in absenteeism per employee each month. As a Thread HCM client, this benefit is available to you at no cost through our partner vendor, ZayZoon. 

Quick statistics

29%

Data shows that providing an earned wage access solution for employees improves turnover by this much.

79%

Amount of workers are willing to switch to an employer who offers Earned Wage Access.

35%

Number of employees say that apart from an increased salary, improving their benefits package is the number one thing their employer can do to keep them in their jobs.

Watch a five-minute demo here

See how ZayZoon integrates with your isolved platform though Thread in this quick overview video!

ZayZoon Perks: Help employees save where they are already spending

Frequently asked questions

Employee Questions

What if I’m receiving a 401 error or can’t sign up?

If you are having difficulty signing up, or receiving a 401 error a couple things could be going on. A 401 error typically means that you are not entering the information (into the sign up form) that matches what we have received from your payroll provider. Reach out to our customer support team, they will be able to guide you. Please make sure you have your most recent paystub handy.

If you are having other issues while signing up, please contact our Customer Success team. They will be happy to guide you further.

How do I know if my employer offers Wages on Demand?

Your best bet is to check with your HR representative, direct manager, or in your employee portal under the ‘Employee Benefits’ section. If you are still having a difficult time determining if you are eligible for ZayZoon, please reach out to our Customer Success team and they may be able to assist you further.

Can I recommend this to a co-worker or friend?

With the ZayZoon referral program you can access your earned but unpaid wages for free!

Simply send your referral link to friends or co-workers. Once they sign up they can save the $5 fee using your referral code.

Once they’ve made their first advance using your code, you will also get a credit on your account for a fee free payout. You can save up to $50 in fees by referring co-workers to access their pay on demand!

For more information and to access your referral code head here: ZayZoon Referrals

Will I be charged interest if I’m overdue?

No. We do not charge interest. ZayZoon is committed to helping employees access their wages, when they need it. We want to help our customers break free from predatory, high interest lending products like payday loans, overdraft fees and high interest credit cards.

How can I get my employer to offer ZayZoon?

You can let your employer know that ZayZoon is a free-to-offer benefit. It costs them nothing to offer and can be integrated with their current payroll system.

ZayZoon is a free financial wellness tool that benefits the entire company, not just employees

Send them here ZayZoon FAQ to view the benefits ZayZoon provides and let your employer know how access to earned wages would impact you personally.

How much of my wages can I access today?

ZayZoon encourages employee financial health by recommending that you wait until you’ve reached the $200 daily maximum before requesting a payout. This way you pay less fees and get the most out of each dollar. This is also why you must have a minimum of $20 available to request a payout. Our flat fee of $5.00 per transaction is a simple way to track how much you’re spending on fees.

For a detailed review of how much you can access today, please check your ZayZoon dashboard under ‘Wages Available’. There you will see the amount you are able to access today.

If you would like to know more best practices, reach out to our Customer Success Team and ask for their advisory opinion on any topic! We are happy to help!

Where can I sign up?

Sign up is fast and easy! Click "Create My Account", enter your information and follow the on screen instructions. You may want to have your ID and your most recent paystub handy. If you get stuck, please reach out to our Customer Success Team on web chat.

Employer Questions
How will offering Earned Wage Access affect my payroll?

It won’t! Just run payroll as you normally do. The only thing you may notice is a new deduction field for ZayZoon that shows up on employees’ paystub.  

Does my business provide the funds for the wages advance?

ZayZoon provides the funds for advances from our own reserve, minimizing the risk to you as the employer.

What industries use ZayZoon the most?

ZayZoon is most commonly used in the following industries:  Healthcare, Senior Living, Medical, Dental, Restaurant/QSR, Manufacturing, Grocery, Retail, Hospitality, Gig Economy, Call Centers.

How can employees access their ZayZoon account?

Employees just need to follow the sign up instructions provided from their employer. Once they have created their account, they can access their account through the ZayZoon website or mobile app!

Will offering Earned Wage Access cost our business anything to enable?

No. There are no costs to you as an employer.

Does it cost money for employees to use ZayU?

ZayU is free to any employee, regardless of if they take an advance from ZayZoon or not!

How do you ensure employees do not access their entire paycheck before payday?

ZayZoon is there to support employees access their earned wages before payday, but is not meant to be a substitute to their entire paycheck. They can access up to 50% of their net earnings during the pay period, or up to $1000.

Where can employees deposit their money?

Either to a bank account or debit card.

Is there a limit on how often employees use ZayZoon?

Employees are able to access up to $200 per day. They can access up to 50% of their net earnings during the pay period, or up to $1000.

Can ZayZoon be used as a recruitment tool?

Absolutely! In fact, employers who offered ZayZoon saw a 29% reduction in turnover, and 79% of employees would switch to an employer who offered Earned Wage Access!

How can employees get support for the service?

ZayZoon is equipped with live agents that can respond within minutes to any employee inquiry! 

Did You Know?

78% of Americans Live Paycheck to Paycheck
ZayZoon’s Wages On-Demand is a real solution for real problems. Lasheika uses the service to help her buy groceries, purchase personal items, and address unexpected emergencies.