DailyPay Research & Statistics

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
The annualized improvement in the turnover rate of those using DailyPay vs. those not using DailyPay is:

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%)
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
78% of users surveyed say they use DailyPay to support food and groceries expenses August
2022
Customer Perceived Savings Report, Mercator Advisory Group commissioned by DailyPay, August 2022 Source
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 July
2023
Harris Poll and Funding Our Future Study on Hourly Workers Commissioned by DailyPay, July 2023 Source
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