With 78% of all Americans living paycheck to paycheck, employers that offer a benefit that contributes to financial wellness and security will be more favorable to employees. That’s why daily pay benefits are becoming mainstream, and employers are already seeing impressive results.
I predict that 2019 is the year that the daily pay benefit goes mainstream. Employers are impressed with the results they are seeing in terms of reduced turnover, greater employee engagement and retention, and a growing candidate pool who want the daily pay benefit that potential employers are offering.
If you’re still feeling skeptical, it’s time to come around to understanding why this benefit is going to reach critical mass this year — and that’s because one of its biggest benefits is helping your employees to feel more financially secure. And with 78% of all Americans living paycheck to paycheck, offering a benefit that contributes to financial wellness and security is critical to increasing employee engagement.