NEW YORK, November 15, 2021 / PRNewswire / – DailyPay helps major U.S. employers hire faster and retain employees during tight labor market through its partnership with UKG (Ultimate Kronos Group), a leading global provider of HCM, payroll, HR service delivery and workforce management solutions.
According to recent research commissioned by DailyPay, employees remain in post until 73% longer in some industries when they have access to DailyPay, while companies offering DailyPay may fill open roles 53% faster than those who don’t.
The extension of the DailyPay / UKG partnership in June allowed DailyPay to further integrate into an additional UKG product, at no additional cost from PEPM (per employee per month), its paid on-demand services via API integration with UKG Pro, UKG’s award-winning global HCM solution for large and medium businesses, giving employees easy and instant access to earned income before payday. With the expansion of this additional product integration, employers gain flexibility to choose the best suppliers of their choice. In just five months, millions of employees gained access to DailyPay, which is a win-win solution for employers and employees.
For employees, it helps them break free from the vicious cycle of indebtedness associated with payday loans and other financially crippling ways to make ends meet. According to a study commissioned by DailyPay at the Aite-Novarica Group, 4 out of 5 employees no longer have to turn to payday loans or pay an overdraft fee after accessing DailyPay.
For America leading employers, leveraging DailyPay has been a critical part of their recruiting strategy during these difficult times.
“In these unprecedented times for US businesses, we are grateful for our ever-growing partnership with UKG, which has helped businesses tackle labor shortages by boosting recruitment and retention,” said Jak Lerdgidkjon, Senior Director of Business Development and Partnerships at DailyPay. “Partnering with UKG has enabled many leading employers to deliver the powerful, and often life-changing, benefits of pay-on-demand that help employees pay their bills and take control of their finances as they see fit. own schedule. “
DailyPay actively provides financial well-being to millions of employees of America’s largest corporations. DailyPay’s open access model does not require pre-funding by employers and allows employees to be paid however they choose, whether through payment card, a bank account or debit card. The open access model is the least restrictive for the employer, as it does not require pre-financing transactions, which can represent a financial and administrative constraint.
For more information on DailyPay, or to get a demo, Click here.
DailyPay, powered by its cutting edge technology platform, is on a mission to create a new financial system. In partnership with America’s top employers, including Dollar Tree, Berkshire Hathaway and Adecco, DailyPay is the benchmark for pay-on-demand. With its massive data network, proprietary funding model, and connections to over 6,000 banking system endpoints, DailyPay ensures that money is always in the right place at the right time for employers, merchants. and financial institutions. DailyPay is developing the technology and mindset to reinvent the way money flows, from the start of work. DailyPay is headquartered at New York City, with operations based on Minneapolis. For more information visit www.dailypay.com/press.
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Ye Bin Kwon
E-mail: [email protected]