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Kronos has partnered with financial app Even, allowing employers using its platform to provide its employees early access to their pay, the companies said Thursday.
The new partnership will add Even’s financial wellness app to Kronos Workforce Dimensions Marketplace, enabling businesses that use the cloud-based workforce management tool to offer the Even app to their employees. HR software maker Kronos, which private equity firm Hellman & Friedman took private in 2007 for $1.8 billion, is based in Lowell, Massachusetts.
The partnership “will enable millions of people who work at companies that use Kronos for scheduling and payroll to better budget their earnings every pay period,” says Jon Schlossberg, Even’s CEO and co-founder.
Even, which connects to workers’ bank accounts, allows employees to access a portion of wages for hours they already have worked before their payday. It also helps employees create savings goals...