How Furloughed Staff Payment Works for Employees [When Opted into the Program]
Employees enrolled in Wagestream can immediately access 50% of their ‘furloughed’ income through the Wagestream app if their employer has opted into Wagestream's FSP program.
Employers will calculate a weekly furloughed amount for employees and send that data to Wagestream on the same day each week. Wagestream will then allow employees to access 50% of their weekly furlough amount rather than waiting until the end of the month for payment.
At the end of the month, employees will receive their furlough payment from their employer less any streams/convenience fees made during that month.