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An employee benefit linked to financial stress is becoming more popular than 401(k)

  • Financial stress among workers is a major issue with 73% struggling to afford beyond basic expenses, living paycheck to paycheck.
  • On-demand pay platforms like DailyPay allow employees to access their earned wages instantly, alleviating financial stress and reducing turnover rates.
  • Vonachen Group switched their pay cycle from biweekly to weekly, offering the DailyPay benefit, resulting in 50% of employees using the app and a 25% decrease in turnover.
  • DailyPay works with companies such as Target and McDonald's, providing control over financial wellness without the need for payday loans.

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