Technology

Piada workers receiving instant wages

istock

February 1, 2022

Columbus, Ohio-based Piada Italian Street Food has partnered with DailyPay to provide instant payment access to employees working at its 43 locations.

"Team members are looking for more fulfilling work and benefits that matter, and we are committed to investing in our workforce to make this happen," Cassandra Thomas, senior people services for Piada, said in a company press release. "Our new partnership with DailyPay is a huge step in the right direction to provide attractive incentives that support team members inside and outside of the workplace. Enabling financial wellness among our team members is a top priority and DailyPay is helping us do just that."

Research commissioned by DailyPay with the Aite-Novarica Group revealed that 94% of users credited DailyPay for having less trouble paying bills, with four in five users no longer having to turn to payday loans or pay overdraft fees to make ends meet.

Companies are able to fill open positions 52% faster than those that don't offer a daily payment option while experiencing a 50% reduction in turnover, according to DailyPay.