Advance On Salary: The Spayr App Simplifies The Request Process.
If you are on a monthly salary, you have the right to request an advance on your wages from your employer in case of financial difficulties, for instance to cover significant expenses or to avoid bank overdrafts. An innovative mobile application simplifies this process and allows employees to request an advance in just a few clicks. Explanation.
What is a payroll advance?
An advance on wages refers to the payment of a portion of the salary at a date prior to the usual pay disbursement, for work that has already been performed.
Typically, this advance corresponds to the early payment of half the monthly remuneration in the first half of the month.
It should not be confused with a payroll advance, which is the payment of a sum in advance for work that has not yet been done.
Can the employer refuse to pay an advance?
Unlike a payroll advance, which is not a right for the employee, an advance on salary cannot be denied to a salaried employee who requests it, unless the employee has already received an advance within the month.
According to the Labor Code, any salaried employee, whether on a fixed-term or permanent contract, full-time or part-time, can benefit from this type of advance. Only home workers, seasonal workers, intermittent or temporary employees who are not salaried do not have this right.
In the current context of inflation, more and more employees are asking their employers for advances to avoid bank overdrafts or to cope with unexpected expenses. However, many French people are unaware that they have this right.
What is the advantage of using a mobile application?
While the right to an advance on wages is enshrined in the Labor Code, many employees are unaware that they have this option to avoid overdrafts and bank fees.
Generally, companies do not promote this because implementing these advances can be quite complicated and burdensome for employers. Or at least, that was the case until the Spayr mobile app came along.
The Spayr app makes this formerly tedious process much easier. Where it previously took 20 minutes to process each request and a 72-hour delay between the submission of the request and the actual disbursement of funds, it is now possible to request an advance 24 hours a day, 7 days a week, with just two clicks and a simple approval from one's manager.
How does the Spayr app work?
Spayr is a French start-up that has developed an on-demand salary payment solution. In companies that have adopted this mobile application, requests for salary advances have jumped by 30%. The amounts unlocked by employees have also increased, going from an average of €123 in 2022 to €205 in 2023.
With the Spayr application, companies have the ability to define their own triggering criteria and advance ceiling limits. Not only can the company configure this tool, but it can also choose the billing mode, whether pay-per-use or a monthly flat rate (€3 per employee). For the employer, the cost is similar to that of processing advance requests internally, but the use of this mobile application represents a significant time-saving on administrative work.
For employees, using this application is very simple. Each employee can check their salary balance and make an advance request in just a few clicks. Once the manager receives the notification and approves the request, the money is credited to the employee's bank account in seconds. The transfer is instant, which is of course a major advantage for employees in financial difficulty.
If you want to learn more about this on-demand salary solution, we invite you to visit the official website below.
