DailyPay
Franchisee Utilizes On-Demand Pay to Reduce Turnover
Pages
4
Time to read
5 mins
Publication
Language
English
Pages
4
Time to read
5 mins
Publication
Language
English
This case study examines the implementation of On-Demand Pay at Ice Age Management, a franchisee operating McDonald's locations in North and South Carolina. The objective of adopting DailyPay was to enhance employee retention amidst high turnover rates attributed to competitive industry conditions. The franchise offers various benefits, including DailyPay, which has proven effective in attracting and retaining employees. The transition from a previous vendor to DailyPay was described as straightforward, with significant improvements in user experience and integration. The case study highlights the positive impact of On-Demand Pay on employee satisfaction and operational efficiency, particularly in managing payroll processes. Additionally, it discusses the use of DailyPay's Cycle product, which facilitates timely access to funds for employees with unclocked hours or late PTO submissions. The estimated savings from reduced turnover costs associated with DailyPay are approximately $310,000 annually, reflecting the program's financial benefits for the franchise.