Scarlet Pearl tackles high-interest loans by giving associates early access to earned wages
“Despite offering the highest casino salaries on the market, we found that several Scarlet Pearl associates were using predatory lenders to bridge the gap between paychecks, forcing some into deeper debt,” says LuAnn Pappas, CEO of Scarlet Pearl.
D’IBERVILLE, Miss. (PRWEB)
April 19, 2022
Scarlet Pearl Casino Resort struggles with the exorbitant rates associates experience when dealing with area “payday loan” providers. While reviewing applications for the property’s Sunshine Fund, a service intended to help employees in times of financial or personal need, Scarlet Pearl executives realized that several employees were being targeted by high-interest lenders. To combat these heavy debts, the Mississippi casino is implementing UKG Wallet, a financial wellness mobile app from UKG, to provide employees with immediate access to a portion of their already earned but unpaid wages.
“Despite offering the highest casino salaries on the market, we found that several Scarlet Pearl associates were using predatory lenders to bridge the gap between paychecks, forcing some into deeper debt,” says LuAnn Pappas, CEO of Scarlet Pearl. “This service allows our employees to recover the money they have earned and regain greater financial freedom.”
UKG Wallet is a financial wellness and earned income access tool that organizations can offer their employees when using UKG’s flagship solutions including UKG Pro, UKG Dimensions or UKG Ready (used by Scarlet Pearl ).
As well as accessing a portion of employees’ wages before payday to cover unexpected or emergency expenses, through UKG Wallet Scarlet Pearl will also give people budgeting tools, educational resources and financial advice.
By complementing traditional earned wage access with a focus on financial literacy and planning, employers can offer an innovative financial wellness benefit that can help alleviate financial stress.
“Our Scarlet Pearl Associates are the cornerstone of delivering the excellent service our customers have come to expect,” Pappas says. “By ensuring our team keeps their money in their pocket, we ensure happier employees who create happier customers.”
UKG is a leading provider of human resources, payroll and workforce management solutions for everyone.
About Scarlet Pearl Casino Resort: Scarlet Pearl Casino Resort (scarletpearlcasino.com) is located on the Mississippi Gulf Coast in D’Iberville, MS. The award-winning resort features a 300-room hotel and games room with over 800 slot and video poker machines, 36 table games and Scarlet Pearl Sportsbook. Recently the property opened Orchid Room, Elevated Gaming, a VIP experience for high limit players. The resort has several restaurants, a 36-hole miniature golf course, an events center and a luxurious swimming pool. The casino opened in D’Iberville, MS on December 9, 2015.
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