Volante Labs, a software development and earned wage access (EWA) technology company, released the most extensive research report to date on the EWA market. The 35-page analysis, “The $1T Paycheck Problem: Monthly Salaries Are About to Change Forever,” synthesizes data from over 60 industry sources while examining EWA implementation across 600 companies with over 1,000 workers each.
The report, authored by former OpenAI AI specialist and current Volante Labs CEO Joey Bertschler, represents a significant expansion from the company’s previous 5-page market analysis. Drawing from his unique background in artificial intelligence and financial technology, Bertschler has created an unprecedented deep dive into the EWA ecosystem.
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“The traditional monthly paycheck is a relic of paper-based payroll systems,” said Bertschler. “Modern technology has eliminated any technical justification for withholding earned wages. Our research shows that companies implementing EWA solutions are seeing over 300% return on investment while significantly improving employee financial wellness.”
Key findings from the report include:
- 84% reduction in employee financial stress
- 19% reduction in employee turnover within the first year
- 93% of hourly workers find access to pay before payday helpful
- Over 300% ROI within 12 months for implementing companies
The research reveals that 52% of workers report experiencing financial stress, with 44% having less than $500 saved for unexpected expenses. The analysis identifies approximately $1 trillion in locked payroll funds across OECD countries.
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“This isn’t just about faster payments – it’s about fundamentally restructuring how we think about compensation,” Bertschler added. “When employees can access their earned wages as needed, they’re less likely to rely on predatory lending services that often charge up to 400% APR.”
The comprehensive report includes detailed case studies from major employers like Walmart, Uber, and McDonald’s, along with implementation guidelines and market projections indicating EWA adoption will become standard practice by 2025. The research builds upon Bertschler’s experience pioneering AI solutions at OpenAI, where he developed enterprise systems for Fortune 500 companies before founding Volante Labs to revolutionize payroll technology.
About Volante Labs
Volante Labs, established in November 2024, is primarily a software development and EWA technology company creating enterprise-grade solutions. The company focuses on eliminating artificial payment delays through advanced payroll technology.
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Source – Businesswire
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