DailyPay, a U.S.-based gold standard on-demand pay platform, announced on Tuesday plans to launch its REWARD by DailyPay payment solution. According to DailyPay, REWARD by DailyPay gives managers the ability to instantly and effortlessly incentivize their staff with on-the-spot payments for everything from bonuses for exemplary work to special incentives for picking up additional shifts.
REWARD is the newest pay experience designed to connect field managers and HR into the dynamic PayEx platform. They will join other members of the pay ecosystem using DailyPay’s continuous response technology to become more active participants in the pay experience:
- Employees, who PAY and SAVE themselves on-demand, on their terms
- Payroll administrators, who easily CYCLE funds to employees outside of the ordinary payroll schedule
While sharing more details about the solution, Konstantin Getmanchuk, Senior Vice President of Product at DailyPay, stated:
“REWARD exemplifies our commitment to continually innovating our gold standard product with new functions that speak to the needs of our valued partners and unlocking the endless possibilities of pay.”
Founded in 2015, DailyPay stated it has created an ecosystem with a modern technology stack, and delivers a secure and compliant on-demand pay benefit in its marketplace.
“Employers who offer DailyPay can reduce costs substantially by out-hiring the market and keeping employees longer, because employees with financial peace of mind are happier, more productive, and have stronger relationships with their employers.”