BURTONSVILLE, MD – The Wall Street Journal reported that 70% of Americans are living paycheck to paycheck with no savings. When an unexpected emergency hits those individuals, pay checks may not be enough to carry them through the month. Because the demand for emergency credit is staggering, Infiniti HR, a leading payroll and benefits company, has partnered with Elastic to do something about it.
An Infiniti HR employee’s paycheck now has the flexibility to carry them through these unexpected life events and relieve that unrelenting financial stress.
Did you know that 83% of HR professionals in the US have stated that employee’s personal financial problems are one of the most significant issues negatively impacting their company work performance? This partnership helps eliminate the financial stress from hardworking employees so they can stay productive at work.
How it Works
Elastic is an emergency line of credit offered to Infiniti HR employees and clients that is managed automatically via Infiniti HR’s payroll system. Elastic’s fees are offered at a fraction of the cost when compared to other alternative financial products, such as payday loans and bank deposit advances. Employees simply login and apply for the advance they need. Elastic processes the request and issues the emergency credit needed, when employees need it most.
Because Elastic is integrated with Infiniti HR’s payroll system, payments may be made automatically through a portion of that employee’s paycheck. It’s a private, secure and safe system that gives employees the flexibility to pay it off very quickly or spread it out across up to five payments.
For the latest in human resources outsourcing, check out infinitihr.com. To learn more about how your business can save time and money, call the office at 866-552-6360.