What is a salary advance ?
A salary advance is a payment from the employer to the employee of a portion of the employee's monthly salary. The amount released corresponds to hours already worked. Article L.3242-1 of the French Labor Code stipulates that if the employee is normally paid monthly, he or she may request an advance payment corresponding to the fortnight (i.e. half of his or her monthly salary).
Is the salary advance a healthy solution ?
The advance payment is an excellent way for the employee to deal with a budgetary contingency. The employer, legally obliged to grant the request, must do so with good grace.
When and how to ask for a salary advance ?
The Labor Code allows an employee to request an advance payment once a month. In order to obtain 50% of his or her salary, the employee must therefore make his or her request after the 15th of the month. The employee wishing to obtain an advance on salary must formalize his request by post (preferable) or by e-mail. This procedure is greatly facilitated by Rosaly, as it is automated and instantaneous.
What are the two types of salary advance ?
The first salary advance, the one that is available through Rosaly, represents the hours already worked and earned by the employee. Another type of salary advance is regarded as a loan, in which the employee asks his company for a part of his futur salary. That request can be refused by the company.