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 |
| 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 | |
| 7 out of the top 10 fast food restaurant franchises use DailyPay | March 2023 |
Visual Capitalist & Internal Databases | Source |
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