Consumer reports show that 60% of Americans are living paycheck-to-paycheck with the top third of those people making between $55,000 - $100,000 per year. An equal amount of people say they have no savings and wouldn't be able to cover an emergency over four hundred dollars. Financial insecurity is a real thing many employees face today. We offer payroll solutions that are good for the employer while adding greater flexibility for their employees to access earned wages.
Help your employees address their paycheck-to-paycheck cash flow challenges.
It can get expensive to attract, hire, and train hourly talent.
The first step to address employee turnover is to slow down the revolving door in which employees enter in and exit out of. We can't stop the door from revolving but we can slow it down enough to allow time for you to reinvest the costs normally associated with recruitment and hiring new employees into increasing hourly wages or other strategies to improve employee retention.
$2,500
AVERAGE COST TO HIRE A NEW QUICK SERVE RESTAURANT EMPLOYEE
$3,328
AVERAGE COST TO HIRE A NEW RETAIL
EMPLOYEE
$4,250
AVERAGE COST TO HIRE A NEW SENIOR LIVING
EMPLOYEE
$5,864
AVERAGE COST TO HIRE A NEW HOSPITALITY
EMPLOYEE
Digital Banking & Payment Services
Employees are your greatest asset. Today, with the stronger labor market employees have more employment opportunities then in recent history. Companies that put their employees first recognize they can help provide financial security for emplyees by offering a payroll solution that offers instant access to earned wages.
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.
Attract and Retain Top Talent by Offering Same Day Pay.
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.
What hourly workers use a paycheck advance for.
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