At Quinyx, we are dedicated to enhancing the lives of employees and simplifying workforce management for businesses across the United States. One of Quinyx’ best-in-class partners is DailyPay, which provides the leading earned wage access solution, helping businesses with frontline workers better engage their workforce.
We understand that financial wellness plays a crucial role in an employee's overall well-being, and that's why we are thrilled about our partnership with DailyPay. DailyPay’s earned wage access solution integrates with Quinyx’s optimized schedules, allowing frontline workers access to up to 100% of their earned wages instantly,
DailyPay and Quinyx share a joint mission of improving the lives of frontline workers with tools to improve work-life balance. This partnership marks a significant step forward in our mission to empower employees and support businesses in creating a happier, more productive workforce.
The Financial Challenge
In today's fast-paced world, financial challenges can arise unexpectedly. Employees often face financial stress due to unforeseen expenses, emergencies, or simply the need for extra funds between paychecks. Did you know that 61% of Americans live paycheck to paycheck, highlighting the pressing need for financial flexibility and stability.
This is where DailyPay comes in. DailyPay gives employees financial control by allowing them to access their earned wages before their scheduled payday. Quinyx is excited to offer this innovative solution to our customers and their employees, as it can have a profound impact on their financial well-being.
The Benefits of Earned Wage Access
Financial Flexibility: 30% of users surveyed say DailyPay helps them gain better control of their finances, according to a November 2022 DailyPay user survey. DailyPay enables employees to access a portion of their earned wages whenever they need it, giving them greater control over their finances.
Reduced Financial Stress: Financial stress can lead to decreased job performance, increased absenteeism, and turnover. With DailyPay, employees can alleviate this stress by accessing their earnings when they need them most, resulting in a happier and more focused workforce.
Improved Employee Retention: 48% of users surveyed say they are more motivated to remain with their current employer because they offer DailyPay, according to a November 2022 DailyPay user survey. When companies offer benefits like earned wage access through DailyPay, they become more attractive to potential employees, which can help in recruiting and retaining top talent in a competitive job market.
Enhanced Productivity: A financially stable workforce is a more productive workforce. When employees aren't constantly worrying about their financial situation, they can concentrate better on their tasks, leading to improved productivity and better overall performance.
Empowerment and Control: DailyPay empowers employees to take control of their financial futures. It encourages responsible financial habits and helps employees plan for long-term financial goals, reducing their dependence on high-interest payday loans.
How Quinyx and DailyPay Work Together
Our partnership with DailyPay seamlessly integrates their earned wage access solution with the Quinyx workforce management platform. This means that Quinyx clients can offer DailyPay as a benefit to their employees without the need for separate systems or complicated setups.
Employees using Quinyx can access DailyPay's easy-to-use platform, which allows them to track their earnings and access funds whenever they need them. It's a win-win for both employers and employees, promoting financial stability without any change to the payroll process.
Quinyx is committed to making work easier for businesses and improving the lives of employees. Our partnership with DailyPay is a testament to this commitment. By offering earned wage access through DailyPay, we are empowering employees to take control of their finances and reduce financial stress, as supported by DailyPay's insightful statistics.
We believe that a financially secure workforce is a more motivated and productive one, and we are excited to bring this innovative solution to our clients across the United States. Together with DailyPay, we are building a brighter future for employees, one paycheck at a time.
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