In this episode of the Meet The Caretech Suppliers podcast, Liam Palmer speaks with Katie Green from Level FT about the innovative Earned Wage Access service they provide for care workers.

The conversation explores how Level FT addresses significant challenges in staffing within the care sector, including hiring, retention, and shift uptake. Katie shares real-life examples of how their service has positively impacted care providers, particularly Aging Care, and discusses the feedback from users regarding their experiences.

The discussion also clarifies common misconceptions about Earned Wage Access, emphasizing its benefits without the pitfalls of traditional loans.

Finally, they touch on what success looks like for care providers using Level FT and hint at exciting future developments for the platform.

Takeaways

• Level FT provides Earned Wage Access for care workers.
• The service helps with hiring, retention, and shift uptake.
• 60% of employees logged in within the first month of launch.
• Level FT can reduce turnover by almost half.
• Accessing earned wages can incentivize staff to take on more shifts.
• The service is not a loan; it's a withdrawal of earned wages.
• Level FT integrates easily with existing payroll systems.
• Users report significant time savings in administrative tasks.
• Financial wellbeing is a crucial aspect of employee care.
• One in three care providers now offer Earned Wage Access.