Make Wealth Possible For Your Employees
Cashless Participation empowers your employees to invest in their future—without upfront paycheck deductions. Boost participation, retention, and engagement effortlessly.
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Help Employees Build Wealth While Staying Within Budget
On average, 70% of eligible employees don’t participate in ESPPs due to financial constraints
Employees Struggle With Affordability
Make expenses a breeze for every employee with a beautiful mobile app powered by Brex AI.
Underutilization Limits Impact
Keep spend in policy and keep everyone on budget automatically, at every swipe.
Administrative Complexity
Book business travel, submit reimbursements, and track all spend from one dashboard in real time.
What Is Cashless Participation?
Cashless Participation is an employer sponsored financial benefit that is proven to help employers attract, retention and engage talent. Cashless Participation enhances your ESPP by letting employees buy more stock without extra payroll deductions. Carver Edison covers the additional contributions which are repaid by automatically selling a portion of the extra shares purchased.
How To Get Started
The Results
Cashless Participation is proven to enhance employee satisfaction, improve employee retention and drive employee engagement
Superior Perceived Value
87% of employees value Cashless Participation above other offered benefits. Learn More
Enhanced Employer Reputation
81% agree that Cashless Participation improves their perception of their employer.
Improved Employee Retention
Employees that use Cashless Participation have a 52% higher 18 month retention rate. Learn more
Better Financial Outcomes
Employees realize a 122% higher return per dollar invested, amplifying financial resilience and stability.
Higher Employee Engagement
Participants using Cashless Participation are 501% more engaged with plan educational material
Reduced Market Risk
Up to 78% more protection for employees against declining stock prices
Securely Integrates With Existing Infrastructure
Available in 60+ countries with enterprise ready security and compliance across HRIS, Payroll and Stock Plan Administration Platforms
Trusted by finance teams across every industry.
FAQ
How does Cashless Participation® work?
Cashless Participation enhances your ESPP by letting employees buy more stock without extra payroll deductions. Carver Edison covers the additional contributions which are repaid by automatically selling a portion of the extra shares purchased.
How does this platform benefit lower earning employees?
Lower earning employees often face affordability barriers with employee stock purchase plans. Carver Edison eliminates these barriers, allowing employees to participate in stock ownership without upfront costs. This means everyone, regardless of level, has the opportunity to build wealth and benefit from your stock plan. In fact, employees earning less than $100k / yr. are 11.4x as likely to use Cashless Participation.
How does Carver Edison help companies solve the affordability crisis?
Carver Edison's Cashless Participation® removes affordability barriers, allowing employees worldwide to participate in employee stock purchase plans without reducing their take-home pay. Our solution integrates seamlessly with global payroll systems, ensuring consistent and accessible equity ownership opportunities for all employees. By enabling equity ownership, Carver Edison helps employees increase disposable income today while building wealth for tomorrow.
What impact does Carver Edison have on employee retention?
Employees who feel financially empowered and are included in equity programs are proven to be more engaged and stay with their employer longer. Companies using our platform report significantly higher retention rates, particularly among top performers and lower-level employees who previously struggled to participate.
How does Cashless Participation® reduce compensation expense?
Compared to other Cash and equity based programs like RSUs, Cashless Participation can be up to 70% more cost effective without limiting value delivered to employees.
Can Carver Edison integrate with our existing benefits stack?
Yes - Carver Edison's platform integrates with your existing HRIS, payroll and recordkeeping systems. Our implementation team will ensure a seamless rollout with minimal administrative effort.
How long does implementation take?
Implementation timelines vary based on the complexity of your equity plan, but most companies go live in 30 days. Our team will guide you through the process to ensure a smooth launch and incredible results
Is this solution scalable for large, global companies?
Absolutely. Carver Edison partners with some of the world's largest employers and is built to scale with organizations of any size. Whether you have hundreds or millions of employees, our platform is designed to meet your needs in over 60 countries that we support.
Ready To Help Your Workforce Build Wealth?
See how we can transform your workforce’s financial future, increase retention and drive engagement today.
