Special Report: COVID-19 and the Hourly Workforce

April 10, 2020 - 8:00AM CST

To better understand current circumstances and how to help hourly workers at this time, Branch surveyed 1000+ employees about how COVID-19 has affected their work.

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Presenter

Empower your workers with impactful financial wellness.

Branch offers a mobile digital wallet for working Americans. An on-demand hub that helps them meet their everyday financial needs, our app allows any employee to receive money, manage their cash flow, and spend anywhere – all from their smartphone.

Pay Your Employees Instantly
Make Tips & Mileage Reimbursement Easier
Provide a Risk-Free
Banking Experience
All for FREE with Branch!

Frequently Asked Questions

What can we expect for adoption percentages?
What can we expect for adoption percentages?
We typically see 15-20% of employees take advantage of the service each pay period. We see 30-50% adoption of earned wage access (EWA) and close to 90% in terms of activating the app itself.
How do you train our team for implementation? Is there physical collateral?
How do you train our team for implementation? Is there physical collateral?
We typically see 15-20% of employees take advantage of the service each pay period. We see 30-50% adoption of earned wage access (EWA) and close to 90% in terms of activating the app itself.
How long does it take to get started once we want to kickoff?
How long does it take to get started once we want to kickoff?
We typically see 15-20% of employees take advantage of the service each pay period. We see 30-50% adoption of earned wage access (EWA) and close to 90% in terms of activating the app itself.
How much work is it for our Payroll team?
How much work is it for our Payroll team?
We typically see 15-20% of employees take advantage of the service each pay period. We see 30-50% adoption of earned wage access (EWA) and close to 90% in terms of activating the app itself.
Isn't instant pay the same as a payday loan?
Isn't instant pay the same as a payday loan?
We typically see 15-20% of employees take advantage of the service each pay period. We see 30-50% adoption of earned wage access (EWA) and close to 90% in terms of activating the app itself.
Do employees tend to abuse EWA and get caught in similar traps as payday loans?
Do employees tend to abuse EWA and get caught in similar traps as payday loans?
We typically see 15-20% of employees take advantage of the service each pay period. We see 30-50% adoption of earned wage access (EWA) and close to 90% in terms of activating the app itself.

Join with companies that are going beyond the paycheck with Branch.

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Mary, Assistant Hiring Manager
The landscape of hourly work is changing fast, chat with us to see how Branch is helping companies keep up.
COVID-19

Special Report: COVID-19 and the Hourly Workforce

Branch surveyed 1000+ employees about how COVID-19 has affected their work.
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The coronavirus (COVID-19) is rapidly transforming workplaces, and we know that frontline employees are most affected. To better understand circumstances and how to help hourly workers at this time, Branch surveyed 1,000+ employees about how COVID-19 has affected their work.

Report Highlights
  • Hourly employees are experiencing greater job less, and reduction of hours
  • A majority of workers are unlikely to apply for new jobs over virus fears
  • 30% of employers were offering some form of support and/or financial assistance
  • Restaurants, Hospitality& Retail were the hardest hit areas of job and hours loss
  • Key Takeaway: Employees remain confident, undeterred – find out more inside the report.

These are just a few of the findings from our report. To learn more and download the full report below.

Download the Full Report

Special Report: To better understand current circumstances and how to help hourly workers at this time, Branch surveyed 1000+ employees about how COVID-19 has affected their work.