Payroll is a big deal. It’s a lifeline for employees, and it’s the largest expense for a company. The expenses directly tied to employee compensation are vast:
Errors in the payroll process can cause huge issues ranging from monetary losses to a weakened company reputation.
applicant pool, inflation, reduce turnover
From Jason Lee, Founder and CEO of DailyPay: the economy is growing, and so you need more workers. However, inflation isn’t keeping up, which means you can’t afford to pay them more. What can you do?
Companies have experienced explosive growth overall in recent years, as evidenced by the increasing amount of payrolls reported in the US last month. But, this growth is a two-edged sword. What’s the danger?
retention, Turnover, dial america, press released, Press Releases, call center
DailyPay Announces Partnership with DialAmerica
employee attrition, payroll costs, Cost of turnover, Employee Retention, employee turnover, Financial Security, financial wellness
Monitoring and assigning a dollar figure to turnover is important for any business. Companies need to track employee turnover so they can look for and minimize causes of turnover, in part to protect their bottom line.
tight, tight market, wage growth, hiring, hr trends, job market
Blog post from Jason Lee, CEO of DailyPay, Inc.
cost savings, Employee Engagement, loyalty
Employee loyalty is more important than ever. The current labor market is considered uncomfortably tight - a situation that creates an excess need for workers. This makes it difficult to hire for open positions and makes it increasingly expensive to lose valued employees.
employee benefits, hr trends, new benefits
New dynamics in a modern workforce mean new employee expectations for benefits and perks. These new employee benefits requests are unlike a typical portfolio filled with standard PTO, healthcare and retirement options. 2017 is all about harmony and customization.
employee loans, financial wellness, payday loans
Financial insecurity can be a productivity killer. Employers who offer empathy toward employees in need of financial assistance can boost employee loyalty and overall workplace engagement.