How Franchise Owners Can Reduce Payroll Advance Requests

As a franchise owner, you know supporting your employees is key. However, if your staff frequently ask for payroll advances, it creates more work and fails to address the underlying needs of your team.

The Operational Headache of Pay Advances 

Every time a manager or payroll specialist has to process an advance, write an off-cycle check, or manually adjust final net pay, it can cost your business time and money by taking your team away from their core work. 

You want to support your team, but if your staff constantly needs payroll advances, this can be a huge struggle for you and your employees and may indicate a bigger problem at hand with financial stress and a lack of financial wellness resources.  

Employee Financial Wellness and Pay Advances 

A pay advance is a short-term solution that doesn’t address the underlying financial challenges.

Your employees don’t need an advance. They need On-Demand Pay. On-Demand Pay gives your employees the power to access their earned pay before their scheduled payday.

With DailyPay’s platform, you can give your employees more control over their finances and the tools they need to for a more secure financial future: 

• On-Demand Pay: Employees can access their money when they need it, reducing the reliance on pay advances, high interest credit cards, or predatory loans.
• Financial Wellness Tools: In addition to On-Demand Pay, the DailyPay platform includes financial wellness tools and resources like savings, credit monitoring, perks, and more. These tools can shift the focus from financial stress to stability.

On-Demand Pay: A Win-Win for You and Your Employees 

When you partner with DailyPay you’re providing a powerful financial wellness platform that delivers results for your employees and your business overall.

• Reduce your administrative burden: When employees can access their pay through the DailyPay app, they can manage their earnings without needing to disclose personal financial details to management or put another task on their plate.
• Show employees you have their back: You’re providing a powerful financial tool that empowers your team with flexibility and control over their finances, helping them manage their money on their own terms.

By offering DailyPay, you move beyond the friction and short-term fix of pay advances and give your team meaningful financial resources that make your job easier. 

Ready to eliminate payroll advances? See how DailyPay can help your franchise.