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.