DailyPay Business Blog

In our previous article, we discussed employee retention rate by industry and looked at which industries have the best and worst employee retention rates. In this article, we take a closer look at the restaurant industry, which has a notoriously high turnover rate and low retention rate.

Fast food restaurants,[...]

In July 2018, DailyPay co-founder Rob Law shared 5 Myths About Instant Pay Technology with HR.com.

In that article Rob debunks many common misconceptions about instant payments, like, "instant payment is just like a payday loan" (it's not), "My employees are fine with weekly pay" (they're not), or "Access to[...]

At the 2018 Contact Center Week (CCW) Executive Exchange, the topic of average speed of answer (ASA) seemed to be top of mind for a lot of attendees. It was certainly a topic that came up during the roundtable discussion we moderated, which included:

• Weslee Berke, Director of Customer Service for BOXED;
• Michelle[...]

Today, the U.S. Bureau of Labor Statistics (BLS) reported that June was a big month for job growth, with approximately 213,000 new jobs added to the US job market. Over the last 12 months, 2.4 million jobs have been added.

This growth represents a strong labor market, no doubt.

Recruiting can go awry in many different ways. Poor recruiting can mean hiring the wrong candidate. Worse, it can mean not finding a pool of candidates at all.

Payroll schedules need to toe the line between appeasing employees and doing what’s right for your company’s bottom line.

Sometimes, it's the small things that matter most to your employees. When your employees feel good about their job environment, they stay longer, and the impact on your bottom line is largely noticeable. 

Depending on what you read, or who you speak to, a healthy employee turnover rate is somewhere between 10 and 15 percent.

In some industries though, a 'healthy' employee turnover rate is never obtainable. In fact, sometimes turnover has to do with conditions beyond an employer's control - certain industries are[...]

How often you pay employees is a business decision determined by individual companies. The restrictions and parameters include federal and state laws, cost of running payroll, and your employee’s financial well-being.

Your staff is the engine that runs your organization. To run smoothly, you need a well-oiled machine -- one where your employees show focus, energy and engagement.