DailyPay: Enabling Hassle-free and Comprehensive On-demand Pay

Its easy interface gives employees the exact account of their daily pay and the work they’ve done, including metrics such as overtime that makes employees well informed about their pay while helping them make calculated decisions on working more. This eliminates the need for people to pick up a second job; instead, they can pick up more hours within the same company. Naturally, productivity and workforce output would be on the higher end. “DailyPay empowers employees to meet financial goals and pay bills on time,” mentions Jeanniey Walden, CIMO of DailyPay.

Through DailyPay’s partner portal, employers can see the frequency and amount of money being transferred by employees before payday. This helps them add additional benefits for their employees. For example, an employer partnering with DailyPay observed that a lot of money was transferred by employees to pay student loans. So, they implemented a student loan repayment program to benefit their employees, helping them reduce their financial and personal stress. A recent Harris poll data conducted by DailyPay indicates that 71% of working Americans are actually concerned about their finances during the holiday and almost half of them are going to be turning to their employer for advice, support, or access to tools that can help them manage their finances over the holidays. Employees’ expectations of employers to be leaders are growing. This proposes an opportunity for employers to display their leadership by offering a DailyPay benefit. DailyPay also provides an additional layer of insight and data for employers that allow them to make smarter decisions about managing their employees. This proved to be extremely beneficial during COVID-19, where DailyPay has helped almost 90 percent of the client’s employees reduce their financial stress.

Jeanniey recalls DailyPay’s success story with Captain D’s, a U.S.-based chain of fast-casual restaurants that witnessed challenges with productivity and wanted to promote a culture of employee engagement and retention. In beta test locations where Captain D’s deployed DailyPay to gauge its effectiveness, the company saw employee turnover to decrease by approximately 72 percent and witnessed increased business productivity up to 3 times.

Scripting several such success stories, DailyPay will continuously be reviewing its solution to make enhancements and offer seamless integration across different operating systems. With a focus on promoting a comprehensive, full-service, pay experience, DailyPay continues to help companies attract top talent and increase employee retention.