Workstream, a leading HR, payroll, and hiring platform for the restaurant industry, has announced a strategic partnership with Instant Financial to provide earned wage access, digital tip payouts, and paycard solutions for hourly employees. This integration enables businesses, including top quick-service restaurant brands like Burger King, Jimmy John’s, and Taco Bell, to offer flexible, faster pay options, improving employee satisfaction and retention while streamlining payroll operations.
Highlights of the Partnership:
Enhanced Payroll Flexibility:
-
Earned Wage Access (EWA): Employees can access up to 50% of their daily wages immediately after a shift, reducing financial stress.
-
Automated Tip Payouts: Managers can automate 100% of tip distribution after each shift, minimizing manual errors and improving transparency.
-
Secure Paycard Options: Employees without bank accounts can receive their wages through secure paycards, eliminating paper checks.
Operational Benefits for Businesses:
-
Integrated Solution: Instant Financial’s technology is seamlessly embedded into Workstream’s platform, requiring no additional setup.
-
Improved Recruitment and Retention: Offering faster pay options makes businesses more competitive in attracting and retaining hourly workers.
-
All-in-One Workforce Management: Workstream’s platform combines payroll, time tracking, HR, benefits, and real-time pay in one system.
Leadership Insights:
-
Desmond Lim, CEO and Co-Founder of Workstream:
“Our partnership with Instant Financial is a huge step toward our mission of supporting hourly workers. By enabling same-day pay, digital tipping, and modern pay options, we help our customers stay competitive while simplifying operations.” -
Tal Clark, CEO of Instant Financial:
“Today’s hourly workers want more than a paycheck—they want flexibility and financial security. This partnership delivers a better employee experience while driving operational efficiency for businesses.”
Why This Partnership Matters:
-
Addresses Employee Needs: Modern hourly workers prioritize financial flexibility and fast access to their earnings.
-
Reduces Administrative Burden: Automated tip payouts and digital pay options save time for managers.
-
Supports Unbanked Employees: Paycards provide a secure payment method for employees without traditional bank accounts.
About Instant Financial:
Instant Financial is a pioneer in modern payroll solutions, offering earned wage access, digital tipping, and paycard payments. With over $7.5 billion in payments and $4.5 billion in digital tips processed, Instant serves major brands like Church’s Chicken, Bloomin’ Brands, and Sun Holdings, helping them enhance employee experience and retention.
Workstream’s partnership with Instant Financial empowers restaurant businesses to offer faster, flexible pay solutions, meeting the expectations of today’s hourly workforce. By simplifying payroll processes and improving employee satisfaction, this integration positions Workstream as a leader in workforce management for the restaurant industry.
