Overview about Earned Salalry

Jisr launches "Earned Salary" feature in partnership with Qsalary

 

The Earned Salary feature was launched in the Jisr system in partnership with Qsalary, allowing employees to withdraw a portion of their earned salaries before the official payout date. This feature is an innovative solution aimed at enhancing financial flexibility for employees, especially those working on daily or hourly wages, while ensuring regulatory compliance and financial security.

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What is Earned Salary?

 

Earned Salary allows employees to access a portion of their already earned salary before the usual payout date. For example:

• If an employee works for 10 days and encounters an emergency, they can withdraw the equivalent of those days' pay directly through the Jasr platform.
   
• The withdrawn amount is automatically deducted from their salary in the next payroll cycle.

Why isn't Earned Salary considered a loan or advance?

• Because it's based on already earned pay (based on logged hours).
   
• It doesn't involve interest or hidden fees; it's a financial right for the employee.

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Is this a major transformation?

Yes, for several reasons, the most important of which are:

1. Solving common financial problems

73% of employees experience financial stress due to waiting for payday (Source: Bayt.com Study 2024).

Earned Salary allows employees to cover emergency expenses such as:

• Medical bills.
• Vehicle repairs.
• Urgent school fees.

2. Full automation with the Jasr system

Seamless integration with payroll systems:

• Automatic verification of employee eligibility.
• Identity authentication via the Absher API (for users in Saudi Arabia).
• Deducting the amount from the next payroll without manual intervention.

 

3. Saving time and effort for HR departments

No need for manual advance requests or paperwork.

Administrator dashboard displays all requests and their statuses.

Earned Wages Access feature Fees:

The total feature usage fee per transaction is SAR 46 (including tax). The maximum amount an employee can receive per transaction is SAR 1,000.

 

Practical example: If an employee wants SAR 1,000 from their salary and requests the amount, they will receive SAR 1,000, but SAR 1,046 will be deducted from their salary at the end of the month.