Manufacturing

An Employee-First Culture Improves Manufacturing Productivity

On-demand pay improves employees’ financial wellness, leading to happier employees and greater productivity.

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Overcome Challenges

Manufacturing companies are addressing ongoing challenges with an employee-first culture backed by on-demand pay.

A generational shift in the workforce, widespread adoption of new technologies and ongoing economic uncertainties are challenging the manufacturing industry to adapt and evolve.

Improve Employee Wellness and Satisfaction With On-Demand Pay

To address these challenges, manufacturers should focus on improving employee wellness and adopting an employee-first culture backed by benefits like on-demand pay. Positive impacts of an employee first-culture may include:

Employees feel more supported, rewarded and valued.

Improve employee morale, engagement, reduce turnover and increase hiring rates.

18.4–28.8%

The annual quit rate in manufacturing increased from 2017 to 2021, according to the U.S. Bureau of Labor Statistics.1

1 Source: U.S. Bureau of Labor Statistics

Help Employees Feel More Valued, Productive and Engaged

People who feel valued by their employer may be happier and more productive.2

Improved employee benefits may result in more productivity, higher morale and help attract top talent.

78%

of employees say they’re more likely to stay in their current roles if the benefits are attractive.2

73%

of employees have an improved opinion of their employer thanks to DailyPay's on-demand pay.3

2 Source: EdenHealth, 2021

3 Source: Forbes, 2021

Advantages of On-Demand Pay

According to a Harris Poll, 72% of U.S. employees want access to their wages before their scheduled payday.4 DailyPay empowers employees to access their earned pay whenever they need it, so they can pay bills, grow their savings and improve their overall financial wellness.

Manufacturing companies that partner with an on-demand pay solution like DailyPay experience reduced turnover costs, increased staff productivity and faster hiring.

4 Source: DailyPay, 2020

5 Source: Mercator Report, 2021

6 Source: DailyPay, 2020

7 Source: DailyPay, 2020

Cost Savings

DailyPay decreased turnover by as much as 73%.5

Improved Productivity

56% of users say DailyPay motivates them to pick up more shifts, and 59% of users say DailyPay motivates them to go to work.6

Faster Hiring

Advertising DailyPay in job listings fills open positions in half the time. Beat the competition and avoid staff shortages.7

DailyPay Integrates With Payroll and Attendance Systems

Partnering with DailyPay requires a seamless and painless implementation and integration process.

  • How can DailyPay help us stand out as an employer?

    DailyPay helps you stand out among your competition. According to DailyPay research, job listings that mention on-demand pay through DailyPay fill open positions in half the time as those that don’t.8

  • How can DailyPay help with time clock compliance?

    In order to use DailyPay and make transfers, users need to correctly clock their hours.

  • How many employees does my company need to have to offer DailyPay?

    Currently, DailyPay is available to companies with 400 or more employees. For those with fewer than 400 employees, please ask your payroll system vendor if they offer DailyPay.

  • What’s the average cost per hire?

    The estimated cost for replacing an employee is 1.5–2 times the employee’s salary.9

  • What’s the average manufacturing turnover rate?
    The manufacturing industry has a 2021 turnover rate of 39.9%.10
  • How can companies improve employee retention?

    Companies may improve employee retention through higher compensation and desirable benefits such as on-demand pay.

All information herein is for educational purposes only and should not be relied upon for any other use. The information herein does not constitute the rendering of professional advice by DailyPay. DailyPay does not warrant the completeness or accuracy of any information provided to you.

1 Source:DailyPay, 2020

2 Source:Built In, 2022

3 Source:U.S. Bureau of Labor Statistics

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