Staffing

Fazoli's offering daily pay to hourly workers

Provided

November 24, 2020

Fazoli's hourly restaurant team members no longer have to wait until pay day to access and spend their earnings. The Lexington, Kentucky brand has teamed up with DailyPay, a non-traditional payroll services provider, to allow hourly team members at all company-owned locations to access their earned wages on either the same day or next day. To opt into DailyPay, Fazoli's associates must download the app and sign up. There is no cost to enroll and no other charges unless the service is used.

"Many people in the service industry have been severely impacted by the pandemic," Fazoli's Vice President of Human Resources Dave Craig, said in a company press release. "At Fazoli's, we were fortunate to remain open for business throughout, but many of our team members had family who lost jobs or had hours reduced and found themselves in need of cash to pay bills on time, purchase food or cover medical expenses.

Pay-day loan providers can charge up to 18-22% interest rates for cash advances, but DailyPay allows Fazoli's to get earned wages to team members quickly at a fraction of the cost.

"It's a simple and convenient way for us to support our Fazoli's family," Craig said.

In just six weeks since launching DailyPay, 42% of eligible team members have enrolled. At the current rate of use, the Italian brand estimated that its team members will receive cash advances in the upcoming year totaling $800,000.

So far, individuals have been using the service for day-to-day necessities, with 20% of cash advances going toward paying bills, 17% spent on transportation and 15% used on food.

Founded in 1988, Fazoli's owns and operates nearly 220 restaurants in 28 states.