Tosca is now offering an innovative way for its employees to receive their earned but unpaid wages, before payday
NEW YORK (August 21, 2019) – DailyPay, the leading provider of the daily pay benefit — a benefit offered through employers that allows employees to receive instant access to their earned pay, today announced a partnership with Tosca, a leading provider of reusable plastic containers and supply chain solutions. Through this partnership, Tosca has made DailyPay available to more than 550 team members across the United States. Tosca team members now have the flexibility to make secure, instant transfers of earned but unpaid wages any day of the year.
By offering DailyPay, Tosca is demonstrating the company’s willingness to take an innovative and forward-looking approach to improve team member engagement and reduce turnover. With DailyPay, Tosca is committed to providing employee-focused benefits that empower and provide greater financial freedom to their team members.
“At Tosca, we are laser-focused on ensuring that we provide the highest level of food safety to our customers all along the supply chain,” Tosca’s Chief Operating Officer, Mike Wasson, said. “In order to do that effectively, we need to start by taking care of our own team members, since they are the ones who carry out this mission. By offering DailyPay, we are providing access to their earned pay when needed, allowing them to avoid late fees and overdraft charges, or worse, resort to payday loans. We are proud to partner with DailyPay who has been there to support us every step of the way.”
With DailyPay, employees can transfer their accrued but unpaid wages to any bank account, pay card, or debit card prior to their next payday. Employees can also keep track of their accumulated earnings each pay period using the available balance feature. In this way, DailyPay provides Tosca team members with a safeguard against unexpected expenses, and an incentive to work scheduled or even additional shifts to increase their available earned balance.
“Tosca is innovating the way perishable foods are shipped with reusable plastic containers that reduce waste and reduce costs,” DailyPay Chief Executive Officer, Jason Lee, said. “By offering DailyPay, Tosca is also proving to be innovative in the way it responds to paycheck-to-paycheck employee financial stress because team members now have a way to instantly access their earned pay, ahead of their next payday. That’s a benefit that helps Tosca and its employees.”
DailyPay is the only instant pay technology that is fully compliant in all 50 states and can be implemented at no cost to businesses that choose to offer it.
To learn more about offering a daily pay benefit to your employees, schedule a time to talk about how DailyPay can help your business.
DailyPay, the leading provider of the daily pay benefit — a benefit offered through employers that allows employees to receive instant access to their earned pay, works across a wide range of industries, including quick service restaurants, hospitality, retail, healthcare and other services. One in six Americans now has access to DailyPay through our trusted payroll service partners like Paycor, ADP, SmartLinx, Netspend and other HR and payroll technology providers who offer the daily pay product to their customers. With DailyPay, employees can pay bills on time and avoid late fees, helping them to reach their financial goals. Companies have reported that DailyPay increases employee engagement and retention and helps to support recruitment. DailyPay is backed by leading venture capital firms and world-class strategic investors. The company is headquartered in New York.
Tosca is a leading provider of reusable packaging and supply chain solutions across a diverse range of markets including eggs, case-ready meat, poultry, produce, and cheese. Tosca’s proven RPC system is a smarter way to move fresh product safely from source to shelf, substantially reducing shrink and labor cost, maintaining product quality, and optimizing overall supply chain efficiency for retailers, growers, and suppliers. To learn more about Tosca, visit www.toscaltd.com.