DailyPay

What is Dailypay?

Dailypay is a market-leading on-demand pay platform designed to revolutionize the way employees access their earned income. Positioned within the employee engagement software category, it modernizes traditional payroll cycles by providing employees with flexible access to their wages as they earn them. This functionality transforms payroll from a rigid, bi-weekly or monthly process into a fluid, real-time financial tool.

The platform serves a dual purpose: it acts as a powerful strategic benefit for employers to attract, engage, and retain top talent, while simultaneously empowering employees with greater financial control and wellness. By bridging the gap between paydays, dailypay helps workers manage unexpected expenses, avoid high-cost credit alternatives, and build a stronger financial future, directly contributing to a more focused, stable, and satisfied workforce.

Why Choose Dailypay?

• Boost Recruitment and Retention: On-demand pay is a highly sought-after benefit. Case studies show that companies using dailypay experience significantly lower turnover. For example, one partner reported 58% less turnover in the first two weeks among employees using the platform, while another saw retention rates improve from 36% for non-users to 22% for users.
• Enhance Employee Financial Wellness: By providing easy access to earned wages, dailypay reduces employee financial stress. This allows your team to cover bills, transportation, and food without anxiety, leading to increased focus and productivity at work.
• Seamless and Cost-Free for Employers: Implementation is designed to be entirely seamless, integrating with your existing Human Capital Management (HCM) and payroll systems with no disruption to your current processes and at no cost to your business.
• Drive Employee Adoption and Engagement: dailypay is more than just software; it's a fully supported service. The company provides a dedicated partnership that includes technical setup, launch support, and comprehensive employee training to ensure maximum activation and benefit realization.
• Trusted Industry Leadership: As a recognized leader and a strategic partner for major platforms like Workday, dailypay offers an enterprise-grade, secure, and reliable service that keeps company and employee data private.

Advanced Features of Dailypay

For Employees:

• Complete Access to Earned Pay: Empowers users with access to up to 100% of their available net earnings, providing true financial flexibility when it's needed most.
• Intuitive Mobile Application: A user-friendly app offers employees full visibility into their earned pay, balance, and transaction history, making financial planning simple and transparent.
• Financial Accessibility: The service is designed to be inclusive, removing barriers for employees who may not have a pre-existing checking or savings account.

For Employers:

• Zero-Disruption Integration: The platform features seamless integration capabilities with a wide range of HCM, payroll, banking, and benefits applications, ensuring no changes are needed for your payroll team's workflow.
• Enterprise-Grade Security: Built with privacy and security at its core, the platform protects sensitive data and ensures high availability, so it's always running when your employees need it.
• Dedicated Implementation and Support: Every client receives white-glove service, from initial technical setup and launch to ongoing employee activation campaigns, training, and support.

Key Capabilities of Dailypay

1. On-Demand Pay Engine: The primary capability is the technology that calculates an employee's real-time available balance and facilitates secure fund transfers. This engine is the foundation of the entire service.
2. Full-Service Program Management: dailypay manages the complete lifecycle of the benefit, including all implementation, funding of employee transfers, and ongoing support, alleviating the administrative burden from the employer.
3. Seamless System Integration: The platform's ability to connect with existing payroll and time management systems is a key differentiator. This ensures data flows accurately and automatically, making the benefit easy to launch and maintain.
4. Employee Engagement and Wellness Hub: Beyond transactions, the platform serves as a tool for financial wellness. It provides employees with the visibility and control needed to manage their finances more effectively, reducing stress and improving their overall well-being.

How to Use Dailypay?

1. Initial Consultation & Integration: The process starts with the dailypay team working with you to seamlessly integrate the platform into your existing payroll and HCM software.
2. Guided Launch: dailypay manages the technical setup and launch, ensuring a smooth and successful rollout across your entire organization.
3. Employee Onboarding: Your workforce is introduced to the new benefit through a coordinated campaign, including training materials and clear instructions on how to sign up for and use the dailypay app.
4. Daily Usage: Once enrolled, employees can log in to the app at any time to view their earned wage balance and transfer funds to a bank account or card.
5. Continuous Support: dailypay provides ongoing support for both administrators and employees, ensuring any questions are answered promptly and the program continues to run smoothly.

Dailypay Price

Dailypay price is available on request at Techjockey. The pricing model is based on different parameters, including extra features, deployment type, and the total number of users. For further queries related to the product, you can contact our product expert and learn more about the pricing and offers.