DailyPay Research & Statistics

Learn more about key issues and statistics with these resources.

stat	date	citation	link
Across industries examined by Mercator Advisory Group, the average turnover rate improved by 35% for workers with EWA solutions	March 2021	EWA Report, Mercator Advisory Group commissioned by DailyPay, 2021	Source
The average tenure of employees who used DailyPay increased by 27% over non-DailyPay users. This 27% increase in tenure translates to 39 additional days on the job.	March 2021	EWA Report, Mercator Advisory Group commissioned by DailyPay, 2021	Source
67% of users say DailyPay has helped them reduce financial stress	November 2022	DailyPay User Survey
96% of employers who offer EWA say it helps them attract talent (note: for employers with 1,000+ employees)	March 2022	ADP Earned Wage Access Market Research Study	Source
76% of workers say it's important for their employer to offer earned wage access	March 2022	ADP Earned Wage Access Market Research Study	Source
93% of employers who offer EWA say it helps them retain talent (note: for employers with 1,000+ employees)	March 2022	ADP Earned Wage Access Market Research Study	Source
77% of users surveyed by Mercator Advisory Group said that DailyPay's on-demand pay benefit helps them save money by avoiding other more expensive alternatives to handle expenses	August 2022	Customer Perceived Savings Report, Mercator Advisory Group commissioned by DailyPay, 2022	Source
The annualized improvement in the turnover rate of those using DailyPay vs. those not using DailyPay is XX% in XYZ Industry. Call centers (+50%) Caregivers (+27%) Consumer Services (+10%) Healthcare (+12%) Nursing homes (+73%) Restaurant/Fast food (+16%) Retail (+24%) Transportation (+69%) Wellness and Fitness (+19%)	August 2022	Customer Perceived Savings Report, Mercator Advisory Group commissioned by DailyPay, 2022	Source
Avg Enrollment Rate: 35% (Q3 2022)	October 2022	Internal data from DailyPay, Q3 2022
DailyPay has a 35% average enrollment rate	October 2022	Internal Database
7 out of the top 10 fast food restaurant franchises use DailyPay	March 2023	Visual Capitalist & Internal Databases	Source
32% of Gen Z hourly workers would consider leaving for a job that offers them daily pay access	June 2023	Harris Poll and Funding Our Future Study on Hourly Workers Commissioned by DailyPay	Source

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