Download this eBook to learn how on-demand pay can:
- Reduce absenteeism by an average of 34%, with a 19% improvement in quality of work and a 3X increase in productivity
- Help your employees gain better control of their finances, especially during emergencies such as the COVID-19 pandemic
- Provide a lifeline to the 87% of Americans who are living paycheck to paycheck
Many employers are wondering how to create success for their company and their employees in the new world of work, now that so much has changed. Two main strategies that companies can employ to support their workforces and their business goals are flexibility and personalization. Now more than ever, employees need the security of knowing that their employers care about them holistically and are sensitive to their needs.
Studies have shown that 10 out of 10 households have different needs than they did before COVID. People are managing their benefits and finances differently, and it is extremely important that employers are aware of and responsive to these evolving needs. One emerging technology that has proved incredibly useful is on-demand pay, with 64% of employees stating that DailyPay helps them gain better control of their finances. Read more to learn what on-demand pay can do for you, your company and your employees.
Creating a Pay Experience as a Strategy to Lead Through Crisis
During the COVID-19 pandemic, many employees were forced to work reduced hours or had spouses who lost their jobs. Others lost their access to childcare or experienced unforeseen circumstances that negatively affected their financial health. American workers are rethinking how they save because they now have experienced the economic impact that an unforeseen disaster can have. There are many ways employers can aid in moments of crisis such as this, including changing the way they pay, which is mutually beneficial to the company and its employees.