The DailyPay Blog

What To Do If You Keep Getting Asked for Paycheck Advances

In the 2015 Employee Benefits: A Research Report from Society for Human Resource Management (SHRM), results indicated that modern workforces are gradually trying to reduce the accessibility of paycheck advances in the workplace.

 

It’s understandable.

 

Employee paycheck advances are an administrative burden. They are also high-risk for employers, constrict cash flow, and can prolong financial hardships for your employees.

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Are You Harming Your Business by Ignoring Your Employees’ Financial Wellness?

How well do Americans manage money?

A recent Prudential report stated that 63% of Americans do not have a “rainy day fund” large enough to cover an unexpected expense of $500. And, 78% of people who participated in the Prudential survey said they don’t feel financially secure.  

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Is Employee Turnover Preventable?

The 2017 Retention Report analyzed over 240,000 exit interviews to pinpoint exactly how preventable employee turnover is. Their study revealed that over 75% of the reasons employees left their jobs in 2016 were preventable.

The long answer is that employee turnover isn’t preventable if you don’t understand why your employees are leaving. Can you pinpoint the red flags leading up to turnover?

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4 Ways to Monitor and Improve Your Company’s Bottom Line

With quarter four among us, many companies are paying close attention to their bottom lines. Often, the burden of the fourth-quarter push is directed at sales departments. However, it’s wise to take a look at business operations as a way to improve your bottom line all year-round. A “true” bottom line is the outcome of all aspects of your business.

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