Staffmark Group Partners with DailyPay to Improve Recruiting and Employee Retention

Staffmark Group joins the list of innovative companies that are offering an on-demand pay experience to employees to access to earned income before payday

DailyPay, the leading provider of the daily pay benefit, today announced a partnership with Staffmark Group, one of the largest staffing companies in the United States. Through this partnership, Staffmark Group is making DailyPay’s on-demand pay benefit available to more than 20,000 employees. Many of Staffmark Group’s employees now have the flexibility to make secure, instant transfers of unpaid earnings any day of the year and can save their earned income in multiple ways before payday.

Since offering a daily pay benefit is proven to help fill open positions 52% faster, on average, and decrease turnover rates by 50%, on average, it was a great solution to help Staffmark Group meet its business goals and become trailblazers in the staffing industry. Following initial successes, they look forward to offering this benefit across all their locations.

“We are always looking for creative ways to improve job acceptance rates, decrease turnover and increase job satisfaction,” said Emily Giltner, senior vice president of enterprise operations at Staffmark Group. “DailyPay allows us to meet those objectives while also providing a flexible pay option for our employees. It is a mutually beneficial tool to help everyone involved, from our employees to our clients. It’s truly been a win-win situation.”

With DailyPay, employees can transfer their accrued but unpaid wages to any bank account, paycard or debit card prior to their next payday. Employees can also track their accumulated earnings during each pay period using the available balance feature, which gives them a real-time view into their earnings and helps them with budgeting for upcoming expenses. In this way, DailyPay provides Staffmark Group employees with a safeguard against unexpected expenses, and an incentive to work scheduled or even additional shifts to increase their available earnings balance. 

“As they’ve demonstrated for 40 years, Staffmark Group wants to ensure that their client partners and their employees are having the best experience possible,” DailyPay Chief Executive Officer, Jason Lee said. “By offering DailyPay, Staffmark Group demonstrates a genuine understanding of the financial needs of its workforce and a willingness to provide a means for them to feel more financially secure. This level of compassion is what will set them apart from other staffing agencies and encourage job seekers to work with them, which will, in turn, help them meet their goals.”

DailyPay, the industry leader in compliance, can be implemented at no cost to businesses that choose to offer it. To learn more about DailyPay, visit www.dailypay.com

About DailyPay
DailyPay is a SaaS award-winning fintech solutions company supporting over two million employees at world-class companies, including Kroger, Adecco, Berkshire Hathaway and G4S, with an on-demand pay platform. DailyPay is headquartered in New York City with operations located in Minneapolis. For more information, visit dailypay.com/press

About Staffmark Group
Staffmark Group is a proud member of RGF Staffing. Staffmark Group provides services that include contingent staffing, direct/permanent hire, on-site staffing management services, Recruitment Process Outsourcing (RPO) and Master Service Provider (MSP). Staffmark Group brands are industry leaders in providing talent in design and engineering, information technology, finance, accounting, human resources, marketing, skilled trades, clerical and light industrial skill sets. Learn more at www.StaffmarkGroup.com

About RGF Staffing
RGF Staffing is a leading global HR services provider with activities in Asia Pacific, Europe, Japan and North America. Every day more than 300,000 people work for businesses and institutions via the RGF Staffing network. RGF Staffing is part of Recruit Holdings Co., Ltd. For further information please visit www.rgfstaffing.com

Contact: Sehrish Sayani                                            

Phone: (888) 991-3646

Email: press@trydailypay.com

Website: dailypay.com

Hiring Trends – How Seasonal Recruitment Cycles Vary By Industry

In our previous article, we talked about surprising strategies that will help businesses recruit the best talent. In this article, we discuss the seasonal influence on hiring, and how understanding your recruitment cycle can make recruitment strategies even more effective.

 

As seasons change, so do recruiting and hiring patterns. By analyzing recruiting data, plenty of high-level observations can be made, like the primary hiring months across all business, which according to the Job Openings and Labor Turnover published by the Bureau of Labor Statistics (2018), happens during:

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The Secret to Seasonal Hiring? Recruit for Retention

When hiring seasonal hourly employees, don’t think of them as temporary, i.e. a “seasonal fling.” Instead, recruit for retention.

 

Rosemary Haefner, Chief Human Resources Officer at CareerBuilder, told SHRM in a recent interview:

 

“Like employees, employers shouldn’t look at a seasonal job as a temporary placement. Think of it as a three-month-long working interview. Many seasonal workers will not be candidates for permanent positions, but some of them may be, either now or in the future.”

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The War For Talent: Daily Payments As An Employee Recruitment Tool

The U.S. economy has reached its lowest unemployment rate in 30 years.

 

Organizations are having a hard time with employee recruitment, due in large part to the United States experiencing a tight labor marketStarting in 2012, the rate of job openings surpassed the number of actual hires (as illustrated in the chart below) and has remained higher ever since.

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Why Is It So Difficult to Hire Quality Employees?

If you pay your employees competitively and focus on a healthy work atmosphere, then it’s easy to recruit all the talent you need, right? As it turns out, this is flawed logic. In most cases, it’s difficult to hire quality employees, even when the pay is decent and the atmosphere is warm. In today’s world, it takes more to hire and retain top talent.  

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Employee Recruitment Strategies – Difficulty Hiring New Employees

The unemployment rate in the United States was at 4.5% in March 2017. This is the lowest it has been since Jan 1, 2001, according to historic data documented by the Bureau of Labor Statistics.  During the same month, the BLS measured the labor force participation rate at 63.0%. This indicates the majority of Americans participate in the labor force, and job opportunities abound.  

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