Business software provider, the Access Group, has announced a new charitable partnership with The Care Workers’ Charity.
Access has pledged to donate 10% of all transaction fees generated from health and social care users of the EarlyPay app to the charity, which supports the welfare of current and retired care workers.
EarlyPay is an on-demand pay app which allows workers to access their pay before pay day, giving them more financial flexibility and reducing stress associated with unexpected expenses.
A recent survey of more than 1,400 care workers revealed that 90% of care workers with access to EarlyPay said it was the most important employee benefit available to them, and over 70% had used the app to withdraw money for essentials such as food and utility bills during COVID-19.
But on-demand pay is not always enough, according to Access. It says a combination of low pay combined with the COVID-19 crisis means that more care workers are in need of a financial safety net than ever before.
In a normal year, The Care Workers’ Charity receives around 1,000 applications for its grants; this year it received over 2,500 applications in the first six months.
Abhishek Agrawal, director of Access EarlyPay, commented: “Care workers have always been on the frontline of supporting those most in need in our society, and these past few months have been more challenging than ever. We’ve seen many care workers using the EarlyPay app during COVID-19 to access their pay as and when they need it, and so we’re delighted to be able to give back by regularly donating to a fund which support carers in their own time of need.”
To support the increased demand, The Care Workers’ Charity launched its Coronavirus Emergency Fund in March. It had set a £1 million target, which was reached in just six weeks, and now it is close to meeting its new £2 million target.
The charity has supported 1,135 workers thanks to donations, and it’s hoped that partnerships such as the one with Access will allow it to continue supporting even more care workers.
Karolina Gerlich, executive director of The Care Workers’ Charity, said: “The Access EarlyPay scheme enables care workers to receive their wages ahead of time which offers flexibility. The scheme reflects the values of CWC and will help to prevent care workers slipping into poverty.”