NEW YORK, June 23, 2021 /PRNewswire/ — DailyPay, the industry-leading know-how platform that is disrupting the monetary system, is increasing its know-how partnership with UKG (Final Kronos Group), a number one world supplier of HCM, payroll, HR service supply, and workforce administration options.
DailyPay’s API integration permits on-demand pay providers via UKG Professional, UKG’s award-winning world HCM resolution for giant and medium-size enterprises. Increasing on the confirmed success of DailyPay’s integrations with different UKG options, together with UKG Dimensions and UKG Prepared, organizations that make the most of each UKG Professional and DailyPay can seamlessly combine methods, giving workers simple and on the spot entry to earned earnings earlier than payday.
“Our research exhibits that workers pay a mean of $1,200 a yr in late charges and overdraft penalties. Due to this integration, much more workers throughout the U.S. may have the ability of selection and management over their earned pay and may have the ability of selection and management over their earned pay and might keep away from these fees and put money into their future financial savings,” stated DailyPay’s Senior Director of Enterprise Improvement & Partnerships, Jak Lerdgidkjon. “We actually worth our integration and alliance partners similar to UKG, and the way a lot they assist us lengthen our attain.”
DailyPay’s industry-leading know-how platform options PayEx™, a set of providers that gives workers the flexibility to switch their earned earnings to accounts of their selection, each checking and financial savings, 24/7/365, with its PAY and SAVE merchandise. The PayEx merchandise additionally give employers the flexibility to easily course of off-cycle funds with CYCLE or compliantly reward workers for a job nicely executed with REWARD.
“Monetary wellness is a vital part to supporting holistic worker wellness, a pillar of the trendy worker expertise,” stated Mike Might, Senior Director, UKG Companion Community at UKG. “As an alternative of workers working for payday, we will make payday work for workers.”
As American companies reopen, firms are leveraging on-demand pay to rent faster and retain workers longer to satisfy the rising wants of customers. Employers who associate with DailyPay can count on to have elevated retention, productiveness and worker satisfaction. A latest examine exhibits that 73% of DailyPay customers have an improved opinion of their employers and 74% say that DailyPay has helped reduce their financial stress. In keeping with Mercator Advisory Group, much less monetary stress creates higher interactions between coworkers and prospects, subsequently bettering gross sales, model picture and buyer expertise. DailyPay shoppers also can count on a 63% improvement in turnover.
For extra details about DailyPay, or to get a demo, click here.
DailyPay, powered by its industry-leading know-how platform, is on a mission to construct a brand new monetary system. Partnering with America’s best-in-class employers, together with Greenback Tree, Berkshire Hathaway and Adecco, DailyPay is the acknowledged gold-standard in on-demand pay. By means of its huge information community, proprietary funding mannequin and connections into over 6,000 endpoints within the banking system, DailyPay works to make sure that cash is all the time in the suitable place on the proper time for employers, retailers and monetary establishments. DailyPay is constructing know-how and the mindset to reimagine the way in which cash strikes, from the second work begins. DailyPay is headquartered in New York Metropolis, with operations primarily based in Minneapolis. For extra info, go to www.dailypay.com/press.
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Ye Bin Kwon
Electronic mail: [email protected]
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