On-Demand Pay: A Zero Cost to the Employer Benefit That Expands the Applicant Pool

eBook

On-Demand Pay: A Zero Cost to the Employer Benefit That Expands the Applicant Pool

Read this eBook to learn why companies that offer DailyPay see the following results: 

  • Job seekers are 1.9 times more likely to apply to open positions
  • There‚Äôs an average of 45% reduction in turnover
  • Applicants are 13% more likely to apply for a lower-paying job with on-demand pay

On-Demand Pay: A Zero Cost to the Employer Benefit That Expands the Applicant Pool

Excerpt

Turnover can be incredibly expensive for a company, costing, on average, anywhere from $4,000 to $7,000 and 42 days to fill an open position. These statistics tell us that the balance of power has shifted and qualified job seekers have more opportunities. In addition, technology has enabled employees to switch jobs more frequently, work more flexible hours and have multiple jobs at once.

Many employers have tried everything from offering higher pay to recruiting bonuses to generous benefits and perks in an effort to recruit and retain employees.

But what would happen if employers offered their employees the option to make any day their payday?

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