BURTONSVILLE, MD, July 11, 2014 /24-7PressRelease/ -- 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 and give employees access.
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 employees personal financial problems are one of the most significant issues negatively impacting their company work performance? This partnership eliminates 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. Employees can do credit card advances, bank deposit advances, payday loans and more. Employees and clients 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 back 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.
At Infiniti HR, we help companies reduce costs by effectively managing human resource (HR) functions while allowing businesses to focus on their core operations that impact profitability. We offer our expertise to effectively manage critical HR responsibilities and employer risks for clients of any size. We can help you navigate increasingly complex employee related matters including payroll, human resource compliance, employee benefits and risk management services, through professional employer organization (PEO) environments or administrative service organization (ASO) arrangements. We act as a single source provider of integrated services that ensure your company is operating in keeping with Fair Labor Standards Act, COBRA laws, handling payroll services and managing any workers' compensation issues.
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