With the Salarium app, employees have instant access, whenever they want, to the amounts of money already earned, before standard pay days. The Salarium platform was launched in 2021 and is currently used by employees of 50 companies in Romania. In September 2022, active users accessed the platform 3.7 times and transferred on average RON1,120, up 50% compared to the same period of 2021.
Through the Salarium integration, over 750 companies that already use colorful.hr will be able to offer their employees instant access to salary advances (on-demand salary), automating the management of a benefit which is highly valued by employees, but time-consuming for HR departments. Via the Salarium app, salary advances are recorded in the payroll application on the colorful.hr platform, and the remaining due amounts are calculated automatically.
“For employers, instant access to on-demand salary is an important tactic to support their business strategies on flexibility, retention and motivation. For employees, this benefit reduces financial stress related to inflation and economic volatility. We are excited to announce this partnership which enables us to reach many more employees and employers, so we can support their needs and strategies”, said Adrian Sarbu, Managing Director of Salarium Fintech.
colorful.hr is a complete digital platform for human resources management. For over 21 years, colorful.hr has been digitizing HR processes, giving HR professionals the tools they need to be efficient. The platform’s payroll module processes over 250.000 employees monthly, in 750 companies in Romania.