Introducing the DailyPay Rehire America Index

written by Alexey Nefedov

UPDATE 9/14/2020

The data indicates growth in the number of workers hired during the 18-week period from May 11 to September 13 in the Health Care (+15%), QSRs (+39%), Supermarkets (+29%) and Caregiver industries (+17%). From May 18 to September 13 Consumer Services rose 91%.

In fact, in three key industries, the increase in hiring has surpassed the employee levels from January 1 demonstrating the rising demand for these frontline services:

  • Supermarkets (+64% from January 1)
  • Health Care (+10% from January 1)
  • Caregivers (+9% from January 1)

UPDATE 9/8/2020

The data indicates growth in the number of workers hired during the 17-week period from May 11 to September 6 in the Health Care (+11%), QSRs (+35%), Supermarkets (+28%) and Caregiver industries (+16%). From May 18 to August 30 Consumer Services rose 89%.

In fact, in three key industries, the increase in hiring has surpassed the employee levels from January 1 demonstrating the rising demand for these frontline services:

  • Supermarkets (+63% from January 1)
  • Health Care (+6% from January 1)
  • Caregivers (+8% from January 1)

Original Post

As U.S. states and businesses begin to reopen, DailyPay remains committed to sharing valuable insights with our readers that enable you to stay ahead of the curve and in line with the latest movements. To that extent, we’ve evolved our DailyPay Workforce Index, which focused on tracking numbers of employees and hours worked in four key industries as the COVID-19 pandemic hit, to the DailyPay Rehire America Index.

The need to rehire brings forth a new set of challenges. Companies are faced with ensuring that employee safety, trust and restaffing are accomplished in smart and economical ways. Employers are tasked with attracting top talent without breaking the bank and rebuilding trust with previously furloughed employees, all within a shifting economy. During the pandemic, we saw the need for DailyPay to shift from an individual need to supporting those of the family. Maybe a spouse, roommate, adult child or parent lost their job or suffered a pay cut. For millions of American households, access to an on-demand pay benefit is now the financial bridge the family is relying on to make it through. 

To that end, a recent survey demonstrated that 1 in 6 people looking for work during the health crisis indicated they are seeking jobs working for companies that offer a daily pay benefit.

The DailyPay Rehire America Index will begin to track hiring trends in eight (8) major industries across the country, including supermarkets, hospitality, fast food restaurants, consumer services and health care. Additional industries may be added in the future. 

The encouraging news is that for the first time since March and April, the DailyPay Rehire America Index shows signs of emerging recovery in certain industries, where the number of employees began to grow after weeks of stagnation or decline. 

In particular, we see double-digit growth in the number of workers hired during the two-week period from May 11 to May 25 in the Hospitality (+13%), Health Care (+14%), QSR (+17%), Supermarkets (+21%) and Caregiver industries (+21%). 

If you work in an industry featured in this Index or you want to know more about how you can stay on top of ways to successfully rehire your workforce, here are a few resources that might interest you:

Read our recent thought leadership piece

“How COVID-19 Accelerated the Critical Need for a Daily Pay Benefit,” which is available for download on our blog.

See our commercial that voices our commitment to Pay Different

See how we’re helping U.S. businesses to rehire as they begin to reopen.

Learn More About DailyPay

Request a no-obligation demo of our award-winning platform.

Email us any questions you have about on-demand pay.

You can reach out to us here.

The DailyPay Rehire America Index is based on data about active employees reported to DailyPay by its partners.

Here is how we aggregate data from multiple companies in a given industry:

  • For each company, we consider its weekly number of employees as a percentage of the maximum number of employees reported by that same company in January 2020 (pre-COVID-19 time). 
  • We then average those numbers for each week across multiple companies.

DailyPay Rehire America Index

What we generally see in the graphs representing this data is that they go below 100% during all weeks in February, March and April, and then start gradual recovery during May. DailyPay will be keeping an eye on these trends each week and the Index will update each Monday.

The DailyPay Rehire America Index supplements the previously published DailyPay Workforce Index that follows hours worked and the number of working employees in several industries. By tracking the number of hired workers, we offer a complementary view of the size and dynamic of the workforce in different sectors of the economy. The Press Release that introduces this new Index is available here.