Why The Largest American Companies Are Using Early Access to Pay as a Retention Tool
Date and time: Wednesday, December 5, 2018 1:00 pm ET
Panelist Info: Jason Lee, CEO, DailyPay
Payroll hasn’t changed in the last 90 years; but since the emergence of daily pay benefits, the largest employers in America like McDonalds and Walmart are now using more frequent access to pay as a perk to retain and recruit their staff.
Approximately 25% of the US workforce have access to earned but unpaid wages and employees are starting to demand it as a necessity when selecting and staying at a job. If you’re a strategic player at your company, you’ll want to understand how to evaluate the ROI and implications of offering a daily pay benefit for investing in the future of your workplace.
In this session, you’ll learn:
- Market forces changing the payroll industry forever
- What daily pay benefits are
- How to evaluate the ROI of a daily pay benefit – looking at company cost savings, operational efficiencies and your employee’s savings gains
- Different program structuring decisions and compliance considerations