ONE@Work (formerly Even): An Employee Financial Wellness App
Overview and Basic Information to ONE@Work (formerly Even)
ONE@Work, previously known as Even, is a financial wellness application designed as an employer-provided benefit. This unique platform empowers employees by offering tools for greater control over their earnings, budgeting, and savings directly from their smartphone. The primary appeal of ONE@Work lies in its ability to provide financial flexibility and stability, making it a valuable resource for workers seeking to better manage their cash flow between paychecks.
Key Features and Highlights of ONE@Work (formerly Even)
Early Wage Access (Instapay): A standout feature of ONE@Work is Instapay, which allows users to access a portion of their earned wages before the official payday, often without fees.
Earnings and Schedule Tracking: ONE@Work provides clear visibility into work schedules and calculates estimated earnings per shift, helping with financial planning.
Automated Savings: Users can set a specific savings percentage, and the ONE@Work app will automatically deduct and set aside that amount from each paycheck.
Integrated Budgeting Tools: By connecting an external bank account, the platform helps users understand their safe-to-spend amount, simplifying budget management.
Employer-Integrated Platform: As a benefit provided through your workplace, signing up for ONE@Work is typically seamless and secure.
Advantages
The core Instapay feature from ONE@Work offers a crucial safety net for covering unexpected expenses without resorting to high-interest loans.
The automated savings function promotes consistent financial health by making saving effortless.
Integration with major employers like Walmart means the service is often free or low-cost for eligible employees.
The entire suite of tools within the ONE@Work app is designed for simplicity, making financial management accessible to everyone.
Disadvantages
Accessibility is the main drawback; ONE@Work is exclusively available through participating employers, so not everyone can use it.
Certain features, such as Instapay, may be subject to regional or employer-specific restrictions and limitations.
The budgeting tool requires linking an external bank account, which may raise privacy concerns for some users.
As ONE@Work recently transitioned from Even to ONE@Work, some users might experience a brief period of adjustment to the updated interface.
Tips for Using ONE@Work (formerly Even)
Confirm with your HR department that your company has partnered with ONE@Work and that you are eligible for the benefit.
Start by using the earnings tracker in ONE@Work to get a precise understanding of your income before utilizing Instapay.
Configure the automated savings feature with a small, manageable percentage to build your savings habit gradually without straining your budget.
Regularly review the spending insights provided by the ONE@Work app to refine your monthly budgeting strategy.
More Similar Apps
DailyPay: Another prominent earned wage access platform offered through employers.
Branch: Provides similar early wage access and financial wellness tools for hourly workers.
Dave: A direct-to-consumer app offering small cash advances and budgeting help, though it often charges monthly fees.
Chime: A neobank that offers a "SpotMe" feature for overdraft protection and early direct deposit.
Conclusion and Personal Opinion
ONE@Work (formerly Even) is a highly practical and beneficial application for those who have access to it through their employment. It effectively addresses common financial pain points for hourly and salaried workers by providing control and visibility over earnings. The ability to access earned wages early without high fees is a genuinely valuable feature that can reduce financial stress. However, its employer-dependent model is a significant limitation. If your workplace offers ONE@Work, it is undoubtedly worth exploring for its powerful financial tools. If not, the similar apps listed provide alternative avenues to explore for financial flexibility.
