How Wonolo Facilitates Daily Pay for W-2 Workers with Zeal

The modern workforce has spoken: they want fair wages, good benefits, and fast payment. Traditionally, companies have faced a dilemma: classify workers as W-2 employees for benefits and compliance, or offer faster payments as 1099 contractors. Wonolo partnered with Zeal to eliminate this trade-off.

This webinar covers how Wonolo delivers daily pay for their W-2 workers using Zeal. Ivan Sathianathan, Product Manager at Wonolo and Kirti Shenoy, CEP at Zeal discuss how to build a daily pay solution and the positive impact it has on worker retention.

Watch the video to get insights on how to improve your worker experience with faster pay for your workers.

Key takeaways from the webinar:

• Wonolo does daily pay for W-2 workers, enabled by Zeal. Wonolo now offers its W-2 workers daily pay, accurately calculated, thanks to Zeal’s modern payroll platform. This is a game-changer for worker satisfaction and retention and here's how it works:
  • Wonolo uses Zeal to onboard their workers and collect the required tax documents
  • They send time and pay rate data for their workers to Zeal in real time
  • They use a payroll preview feature where Zeal gives Wonolo the net pay for a given worker
  • They provide 80% of the net pay to the worker the same day the work is completed
  • They provide the rest of the net pay at the end of the pay period when a reconciliation between what's been paid and what's owed can be done
• Wonolo's workers love getting paid daily. When one worker was asked "If we could do one thing to improve your experience with getting paid, what would it be?" They responded that nothing else needed to be done because:

"You're doing good with paying me everyday. That's actually the best. That weekly was not it."

• Wonolo's customers love daily pay as well. Faster pay also helps their clients who want quality worker experiences and better worker retention, with one client saying:

"The 80% early pay is a huge huge huge subsidy to workers."

• ‍While it is simple for Wonolo to implement this, it's not simple to enable. Zeal has built a modern payroll platform that handles dynamic work arrangements so that we can accurately calculate pay. When workers have complex pay situations such as working across tax jurisdictions, having garnishments, multiple deductions, overtime, minimum wage differences, 1099 and W-2 jobs, and other scenarios, Zeal works.

Beyond enabling daily pay through modern payroll Zeal also helps staffing companies:

• Stay compliant with onboarding that includes Remote I-9 with E-Verify and custom data collection, as well as healthcare insurance
• Deliver a better worker experience with no-code, custom branded, mobile apps
• Pay workers faster and generate revenue from worker payments with Instant Pay, Paycards, and Digital Wallets

Watch the webinar to learn more, and contact us if you're interesting in understanding how Zeal can help you deliver a better worker experience through faster payments.