DailyPay, the leading provider of the daily pay benefit, announced a partnership with Staffmark Group, one of the largest staffing companies in the United States. Through this partnership, Staffmark Group is making DailyPay’s on-demand pay benefit available to more than 20,000 employees. Many of Staffmark Group’s employees now have the flexibility to make secure, instant transfers of unpaid earnings any day of the year and can save their earned income in multiple ways before payday.
Since offering a daily pay benefit is proven to help fill open positions 52% faster, on average, and decrease turnover rates by 50%, on average, it was a great solution to help Staffmark Group meet its business goals and become trailblazers in the staffing industry. Following initial successes, they look forward to offering this benefit across all their locations.
“We are always looking for creative ways to improve job acceptance rates, decrease turnover and increase job satisfaction,” said Emily Giltner, senior vice president of enterprise operations at Staffmark Group. “DailyPay allows us to meet those objectives while also providing a flexible pay option for our employees. It is a mutually beneficial tool to help everyone involved, from our employees to our clients. It’s truly been a win-win situation.”
With DailyPay, employees can transfer their accrued but unpaid wages to any bank account, paycard or debit card prior to their next payday. Employees can also track their accumulated earnings during each pay period using the available balance feature, which gives them a real-time view into their earnings and helps them with budgeting for upcoming expenses. In this way, DailyPay provides Staffmark Group employees with a safeguard against unexpected expenses, and an incentive to work scheduled or even additional shifts to increase their available earnings balance.
Recommended AI News: Siemplify Unveils Industry’s First Cloud-Native SOAR Platform
“As they’ve demonstrated for 40 years, Staffmark Group wants to ensure that their client partners and their employees are having the best experience possible,” DailyPay Chief Executive Officer, Jason Lee said. “By offering DailyPay, Staffmark Group demonstrates a genuine understanding of the financial needs of its workforce and a willingness to provide a means for them to feel more financially secure. This level of compassion is what will set them apart from other staffing agencies and encourage job seekers to work with them, which will, in turn, help them meet their goals.”