HotSchedules Partners with Instant Financial to Offer Real-Time Pay to Hourly Employees
The company’s solution aims to eliminate the two-week pay schedule, giving HotSchedules’ nearly 3 million hourly workers immediate access to their pay
AUSTIN, Texas, Sept. 19, 2018 (GLOBE NEWSWIRE) — HotSchedules®, the leading provider of workforce and back office solutions for the restaurant, retail and hospitality industries, today announced that Instant Financial (Instant) has joined the company’s Partner Marketplace. The strategic partnership and integration immediately give HotSchedules’ customers the ability to offer Instant’s product to their employees. Instant offers employees real-time, on-demand access to earned wages at the end of each shift. Instant is the only instant pay solution that truly benefits both employees and employers; the solution is free to employees and improves business operations by decreasing employee turnover, reducing absenteeism and increasing job applicants.
“The partnership is a natural fit for us. HotSchedules shares our passion for service industry employees and for finding innovative ways to make them and their employers more successful,” said Alaa Pasha, Chief Revenue Officer at Instant Financial. “We look forward to working with the HotSchedules team to deliver the benefits of Instant Pay to their 33,000 customers across the restaurant and service industry.”
Instant’s solution is rooted in promoting financial health for hourly employees by giving them instant access to their pay at the end of each shift—eliminating the stress of the two-week pay schedule, leading to improved employee retention as a result of this unique employee benefit. The strategic partnership will allow HotSchedules’ customers to seamlessly offer the Instant Financial technology to their employees, without any additional operational efforts.
Customers leveraging an integration between their HotSchedules labor and point-of-sale (POS) solution will be able to use time-clock punches from the POS to kick-off the instant pay process.
“Immediately after rolling it out we’ve decreased absenteeism and have seen more employees willing to pick up shifts,” said Scott Stinson, VP of HR at Newk’s Eatery. “We’re absolutely thrilled with Instant.”
“HotSchedules is proud to welcome Instant Financials as a strategic partner. This is an important partnership because it simplifies the payment process for the manager, the operator and most importantly, the hourly employee who may be struggling to meet their financial obligations on the standard two-week pay schedule,” said David Cantu, Co-Founder and Chief Customer Officer at HotSchedules. “We look forward to helping other brands offer instant pay to their hourly employees.”
To learn more about HotSchedules’ Partner Marketplace, visit, www.hotschedules.com/partners/
To learn more about Instant Financial, visit, www.instant.co.
HotSchedules works with over 33,000 customers – from large international chains to some of the hottest new concepts. With a continual focus on innovation, HotSchedules provides innovative technology, services and user experiences for the restaurant, retail and hospitality industries, including Clarifi, the first cloud-based intelligent operating platform. Designed for independents, multi-unit franchise operators, and international enterprise brands, HotSchedules serves nearly 3 million users across 160,000 locations in 56 countries helping them control costs, maintain compliance, improve visibility, increase profitability and drive operational consistency. For more information visit: www.hotschedules.com
About Instant Financial
Instant Financial is the leading instant pay platform that is changing the way millions of Americans get paid. With Instant, employers significantly boost job applicants, cut turnover and reduce absenteeism by giving employees access to their earned pay minutes after each shift. Designed for industries with hourly-wage and shift workers, Instant’s solution is the only instant pay platform that truly benefits both you and your employees.
To request a trial and learn more, visit www.instant.co.