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Rain Launches Embedded Earned Wage Access Solution Within Workday

1. Rain integrates earned wage access with Workday's platform for easy employer activation. 2. Over 3.5 million employees benefit from Rain’s services, enhancing retention and productivity. 3. Rain’s solution boasts a 46% reduction in attrition rates for involved employees. 4. The integration addresses employee financial stress and turnover challenges in workplaces. 5. This move sets a new standard for financial wellness benefits in HCM systems.

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FAQ

Why Bullish?

The integration enhances Workday's service offerings, appealing to clients seeking employee retention solutions.

How important is it?

The article highlights a key partnership that positions Workday favorably in the competitive HR technology space.

Why Short Term?

Expect immediate client interest and uptake due to current high employee turnover rates.

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-Rain’s pay-on-demand services will now be seamlessly integrated and accessible for its customers already on Workday LOS ANGELES--(BUSINESS WIRE)--Rain, a leading provider of earned wage access (EWA) solutions, today announced the launch of the first fully embedded on-demand pay integration within Workday. 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. For more information, visit www.rainapp.com. About Rain Rain is the trusted leader in employee-centric financial wellness solutions, serving middle-market and enterprise organizations nationwide. Through a comprehensive suite of offerings, including earned wage access and an array of financial wellness benefits, Rain seamlessly integrates into any organization's existing infrastructure, providing the flexibility essential for effective financial management. And, with a steadfast mission to eliminate payday loans and predatory financial products, Rain champions individual empowerment, giving employees control over their income and financial futures. Visit www.rainapp.com to learn how to elevate your workforce's financial well-being with Rain. More News From Rain

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