DailyPay, the leading On-Demand Pay platform, today announced the addition of a powerful and intuitive Frontline Communications solution to help employers foster an engaged and connected workplace. This solution, which will be available to employers who offer DailyPay this fall, is the latest in the company’s growing suite of industry-leading solutions built for the hourly workforce.
For employers managing a predominantly hourly workforce, they are challenged with communicating effectively with team members ranging from sharing company news to swapping shifts. With the majority of hourly workers deskless and working different shifts at varying hours, typical email-based communication can be time-consuming and hard to manage. DailyPay aims to solve this problem with a Frontline Communications solution directly in the DailyPay app, where workers already typically visit one to two times per day to check their available balance.
DailyPay ranks as the #1 adopted financial wellness benefit in a new employer study commissioned by DailyPay. When considering total employer-offered benefits, only healthcare benefits ranked higher in terms of adoption, according to the survey. The majority (55%) of those polled say DailyPay is among the top 3 overall benefits employees voluntarily engage with.
DailyPay’s new solution offers measurable benefits to employers, as streamlined communication is an effective way to increase employee engagement and reduce absenteeism. Research from Gallup indicates highly engaged business units experience 78% less absenteeism, which costs companies collectively billions of dollars each year in the U.S.
“With our expanded capabilities, DailyPay is solidifying its role as the ultimate employee motivator, becoming the glue that facilitates a productive and meaningful relationship between employers and employees, giving employees real-time access to their already earned pay,” said Carly Brush, SVP and General Manager, On-Demand Pay and HCM, DailyPay. “By helping to improve the internal communication, we can play a critical role in boosting employee engagement and productivity which is a win-win for all.”
This new engagement solution joins an array of financial wellness solutions available on DailyPay’s platform including cash back offers, a credit health product, savings jars, and more. DailyPay’s platform is offered by many of the world’s leading employers to their millions of workers as a financial wellness benefit.
