I'm Jason Lee, CEO of DailyPay. At DailyPay, we set out to test a payroll idea: What if, by offering employees a fully compliant daily pay benefit, we could improve their financial lives? Would this be a company benefit worth staying for?
In a world where technology has enabled all services to be delivered with a tap of a button — and to be delivered instantly — the thought of "daily payroll" is horrifying. How does this work if my employees have garnishments, such as child support? What about those employees with benefits deductions in arrears? And how will I ever convince my CEO or CFO that I now need payroll dollars to fund payroll every day, rather than just on the scheduled payday?
Let's find some time at APA to discuss how to offer employees instant access to their earned but unpaid wages, without any changes to the existing payroll process, including the timing of funds. Use the form to the right to put some time on my calendar.
Companies have seen, on average, a 41% reduction in turnover for DailyPay users
73% of DailyPay users say they are more motivated to come to work
People are 1.9x more likely to apply for a job that pays daily
The adoption of the daily pay benefit is picking up steam among the top employers as a means to compete for talent and to improve employee engagement and retention. HCM solutions like ADP and SmartLinx are also offering this benefit to clients. 2019 IS the year of the daily pay benefit and payroll professionals should learn how this will impact business.
During that time, DailyPay created test accounts for DailyPay users, separate of their live accounts, so the DailyPay team could monitor how payroll data was being processed in Ceridian. This allowed the DailyPay team to simulate payday payments and ensure continuity when DialAmerica was ready to go live with Ceridian.