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Rain Launches Embedded Earned Wage Access Solution Within Workday
The Rain Earned Wage Access solution has officially launched as an embedded integration within Workday, allowing employees to see their earned wages in real time. This built-in payroll feature gives you more financial freedom and is in line with a larger trend towards making employees happier and healthier.
This integration allows Workday customers to enable Rain directly within the Workday platform, eliminating the need for third-party implementations, system changes, or data handoffs. Employers can activate Rain in minutes, providing their employees immediate access to earned wages through a native Workday experience. With financial stresses at the top of mind for many employees and turnover rates soaring, employers are seeking new benefits to boost retention; EWA benefits help address both.
Key features of the integration include:
- Direct Enablement in Workday: Employers can activate Rain’s EWA solution with a simple configuration, with no disruption to existing payroll systems
- Frictionless Employee Access: Employees access Rain’s functionality directly within Workday, with no separate login, app, or enrollment process
- Enterprise-Grade Security and Support: The solution maintains enterprise-level controls, with 24/7 U.S.-based support provided by Rain
“This is a significant milestone for on-demand pay,” said Fred Choquette, Chief Operating Officer at Rain. “Through our integration with Workday, employers can now offer earned wage access to their employees directly through their HCM platform, without any additional operational burden. This sets a new standard for how financial wellness benefits should be deployed at scale.”
Rain’s solution is used by over 3.5 million employees and has facilitated more than $3 billion in early wage access. Employers leveraging the solution have seen measurable improvements in workforce productivity and retention. Rain users average a 46% reduction in six-month attrition and work 20 hours more per month than non-Rain users.
This partnership follows Rain’s $75 million Series B financing and marks a strategic expansion of its embedded finance capabilities, including its recently announced collaboration with Marqeta.
With the launch of Rain Earned Wage Access inside Workday, the company is working towards its goal of providing embedded payroll solutions that improve financial health and give today’s workers more power.
For more information, visit www.rainapp.com.
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