Employees are your greatest asset. Today, they have more choices than ever. Company’s that put their employees first recognize same-day-pay as a key to employee happiness. In addition, employers are recognizing that same-day-pay will immediately improve shift coverage and employee retention.
Same-Day-Pay is a company-sponsored third-party employee benefit program designed specifically for the hourly worker resulting in significant cost savings by reducing both turnover and absenteeism. Employers also see a significant increase in number of job applicants when referenced in their hiring campaigns.
AVERAGE COST TO HIRE A NEW QUICK SERVE RESTAURANT EMPLOYEE
AVERAGE COST TO HIRE A NEW RETAIL
AVERAGE COST TO HIRE A NEW SENIOR LIVING
AVERAGE COST TO HIRE A NEW HOSPITALITY
Why do hourly employees need same-day-pay? It may surprise you to learn that the number one reason is to put food on the table, for themselves and their families. Medical bills and transportation costs are also high on the list. The reality is workers live paycheck to paycheck, and the two-week payroll cycle can seem like an eternity to someone facing financial stress. Worse yet, they are destroying their financial future by seeking predatory loans and taking early advances on retirement savings.
At no cost to you and no integration to payroll, there is an easy solution that will build loyalty, redude turnover, attract employees and keep employees in your company.
PAY/ACCESS: Same-Day-Pay allowing instant access to earned wages helping employees avoid predatory lenders and other bad money choices when in a pinch
BUDGET: Free in-app budgeting and financial wellness tools to make your employees better stewards of their money
ENGAGE:Free in-app communication tools allowing employers to engage their hourly workers as they do their corporate workers
Your ideal candidate is considering your company and one of your close competitors for the exact same position. You and your competitor are both reputable companies competing for this coveted candidate. Whoever offers same-day-pay wins. Worse yet, a company could risk losing current employees to another company offering same-day-pay as employees will follow the money.