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Fourth offers employee-friendly wage access with tip payout

By Delisha Fernandes

May 17, 2023

  • B2B Insurance
  • Cash
  • Customers
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FourthFourth, workforce and inventory management solutions, announced that its Fuego on-demand pay solution has added automated tip payout functionality.

Integrated seamlessly with Fourth’s scheduling platform, HotSchedules, Fuego allows employees to access their tips electronically and draw a portion of their earned pay before payday.

“We are excited to expand our earned wage access offering with tip payout,” said Clinton Anderson, CEO Fourth. “Businesses today face unprecedented challenges attracting and retaining employees. As the only on-demand pay app fully integrated with the industry’s scheduling app, HotSchedules, customers experience more than 20% employee adoption, making it the best choice for retention.”

Fuego’s new tip payout functionality automates the entire process and removes the tip cash-out process from the manager’s daily responsibilities, all at no cost to the business or employees with a Fuego Visa Card. The enhanced on-demand pay solution gives employers and employees choices and flexible overpayments.

By eliminating the need for excess cash in stores to pay out tips, employers can reduce their dependency on cash and the costs associated with cash collection, delivery, and insurance, while lowering security costs and the chances of theft or fraud. In addition, cash pickups are minimised, and employees benefit from safer commutes after shifts.

“One of the most surprising benefits customers realise is how seamlessly it integrates into existing systems,” said Christian Berthelsen, CTO Fourth. “Fuego is a cost-free benefit that helps customers reduce turnover and stand out in the competition for labour.”

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