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DailyPay Overview
On-demand pay — also known as earned wage access — gives employees access to their earned pay before payday. DailyPay is your key to improving recruitment, retention, motivation and productivity.
Why DailyPay
DailyPay helps you deliver on-demand pay that gives your employees the financial control they need to be more engaged, motivated and happier at work.
Clients
DailyPay partners with industry leaders across HCM and payroll for a seamless experience.
Restaurants & QSR
Improve employee engagement and retention with on-demand pay.
Quick-service restaurants (QSRs) face numerous hurdles as they welcome customers back.
The ongoing labor shortage, supply chain issues, and inflation are all complicating matters as restaurants look to recoup their losses throughout the pandemic. To address these various challenges, restaurant owners must prioritize staff retention and satisfaction to improve customer service.
On-demand pay can improve employee satisfaction and engagement, resulting in reduced turnover and better hiring rates.
Advertising DailyPay in job listings fills positions in half the time.
144%
turnover rate in QSRs is one of the highest across all industries.1
73%
of employees have an improved opinion of their employer thanks to DailyPay's on-demand pay.2
Unsatisfied employees may lead to poor workplace morale and high turnover rates that result in poor customer service.
An investment in employee benefits such as on-demand pay improves employee morale and retention rates, resulting in better service and a high-quality customer experience.
21%
profit reduction in companies with unhappy employees.3
$550B
in potential costs associated with low-employee engagement.4
According to DailyPay research, 72% of U.S. employees want access to their wages before their scheduled payday.5 DailyPay empowers employees to access their earned pay whenever they need it, so they can pay bills, grow their savings, and improve their overall financial wellness.
QSR companies that partner with an industry-leading on-demand pay solution like DailyPay experience reduced turnover costs, increased staff productivity, and improved customer service and satisfaction.
Cost Savings
DailyPay improves company turnover by an average of 63%, saving QSR companies and restaurants millions of dollars in employee replacement costs.6Improved Productivity
56% of users say DailyPay motivates them to pick up more shifts and 59% of users say DailyPay motivates them to go to work.7Happier Customers
Happy employees are 20% more productive and provide better customer service, increasing customer loyalty.7Faster Hiring
Advertising DailyPay in job listings fills open positions in half the time. Beat the competition and avoid staff shortages.7Don’t just take our word for it. These leading restaurants trust DailyPay to deliver on-demand pay to their employees.
Partnering with DailyPay requires no additional work to implement and administer an on-demand pay program. Integrations are seamless and painless.
DailyPay can help you stand out among your competition in the restaurant and QSR industry. According to DailyPay research, job listings that mention on-demand pay through DailyPay fill open positions in half the time as those that don’t.
In addition to filling job listings in half the time with DailyPay, employee retention rates increase up to 72%, helping to reduce staffing shortages.
In order to use DailyPay and make transfers, users need to correctly clock their hours. DailyPay has seen that employees who use our products are much more diligent about inputting hours. This means that your payroll team will spend less time processing costly off-cycle payments.
Currently, DailyPay is only available to companies with 500 or more employees.
The estimated cost for replacing an employee is 1.5-2 times the employee’s salary.
The QSR and wider restaurant industry suffer from one of the highest turnover rates across industries at 144%.
Restaurants can improve employee retention through higher compensations and desirable benefits such as on-demand pay.
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