The Earned Wage Access ROI Calculator: See Your Savings

Employee turnover is a significant expense for any business. The costs of replacing a single employee – from recruiting and training to lost productivity – can quickly add up. But what if you could significantly reduce that turnover with a simple, no-cost benefit like earned wage access (EWA)?

Our earned wage access calculator, powered by DailyPay, helps you quantify the potential savings from offering EWA through the WinTeam ERP. It shows you a clear return on investment by focusing on what matters most to your business: your bottom line.

How Our Employee Turnover Calculator Works

The calculator’s logic is based on real-world data and demonstrates the financial benefits of EWA, including that employees who use earned wage access have a lower turnover rate than those who don’t.*

By inputting a few key figures, the calculator will show you:

• Improved Employee Retention: It highlights the difference in annual turnover rates between employees who are enrolled in EWA and those who are not. This key metric translates directly into a higher retention rate for your workforce.
• Reduced Turnover Costs: The calculator multiplies this improved retention rate by your average cost to replace an employee. The result is a clear, annualized cost savings figure, demonstrating how fewer employees leaving your company directly impacts your profitability. 

By using this calculator, you can see exactly how utilizing EWA – which is a standard feature of TEAM Software’s WinTeam ERP – can be a powerful tool for improving employee retention and delivering significant cost savings. This is a crucial step toward building a more financially resilient workforce.

*Calculations are based on assumptions and annualized averages and are provided for informational purposes only. Actual results and savings may vary.