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DailyPay Overview
On-demand pay — also known as earned wage access — gives employees access to their earned pay before payday. DailyPay is your key to improving recruitment, retention, motivation and productivity.
Why DailyPay
DailyPay helps you deliver on-demand pay that gives your employees the financial control they need to be more engaged, motivated and happier at work.
Clients
DailyPay partners with industry leaders across HCM and payroll for a seamless experience.
Manufacturing
On-demand pay improves employees’ financial wellness, leading to happier employees and greater productivity.
Manufacturing companies are addressing ongoing challenges with an employee-first culture backed by on-demand pay.
A generational shift in the workforce, widespread adoption of new technologies and ongoing economic uncertainties are challenging the manufacturing industry to adapt and evolve.
To address these challenges, manufacturers should focus on improving employee wellness and adopting an employee-first culture backed by benefits like on-demand pay. Positive impacts of an employee first-culture may include:
Employees feel more supported, rewarded and valued.
Improve employee morale, engagement, reduce turnover and increase hiring rates.
18.4–28.8%
The annual quit rate in manufacturing increased from 2017 to 2021, according to the U.S. Bureau of Labor Statistics.1
1 Source: U.S. Bureau of Labor Statistics
People who feel valued by their employer may be happier and more productive.2
Improved employee benefits may result in more productivity, higher morale and help attract top talent.
78%
of employees say they’re more likely to stay in their current roles if the benefits are attractive.2
73%
of employees have an improved opinion of their employer thanks to DailyPay's on-demand pay.3
According to a Harris Poll, 72% of U.S. employees want access to their wages before their scheduled payday.4 DailyPay empowers employees to access their earned pay whenever they need it, so they can pay bills, grow their savings and improve their overall financial wellness.
Manufacturing companies that partner with an on-demand pay solution like DailyPay experience reduced turnover costs, increased staff productivity and faster hiring.
Cost Savings
DailyPay decreased turnover by as much as 73%.5Improved Productivity
56% of users say DailyPay motivates them to pick up more shifts, and 59% of users say DailyPay motivates them to go to work.6Faster Hiring
Advertising DailyPay in job listings fills open positions in half the time. Beat the competition and avoid staff shortages.7Partnering with DailyPay requires a seamless and painless implementation and integration process.
DailyPay helps you stand out among your competition. According to DailyPay research, job listings that mention on-demand pay through DailyPay fill open positions in half the time as those that don’t.8
In order to use DailyPay and make transfers, users need to correctly clock their hours.
Currently, DailyPay is available to companies with 400 or more employees. For those with fewer than 400 employees, please ask your payroll system vendor if they offer DailyPay.
The estimated cost for replacing an employee is 1.5–2 times the employee’s salary.9
Companies may improve employee retention through higher compensation and desirable benefits such as on-demand pay.
All information herein is for educational purposes only and should not be relied upon for any other use. The information herein does not constitute the rendering of professional advice by DailyPay. DailyPay does not warrant the completeness or accuracy of any information provided to you.
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