DailyPay's API integration enables on-demand pay services through UKG Pro, UKG's award-winning global HCM solution for large and medium-size enterprises. Expanding on the proven success of DailyPay's integrations with other UKG solutions, including UKG Dimensions and UKG Ready, organizations that utilize both UKG Pro and DailyPay can seamlessly integrate systems, giving employees easy and instant access to earned income before payday.
DailyPay research shows that employees pay an average of $1,200 a year in late fees and overdraft penalties. "Thanks to this integration, even more employees across the U.S. will have the power of choice and control over their earned pay and will have the power of choice and control over their earned pay and can avoid these charges and invest in their future savings," said DailyPay.
DailyPay's technology platform features PayEx, a suite of services that offers employees the ability to transfer their earned income to accounts of their choice, both checking and savings, 24/7/365, with its PAY and SAVE products. The PayEx products also give employers the ability to smoothly process off-cycle payments with CYCLE or compliantly reward employees for a job well done with REWARD.
As American businesses reopen, companies are leveraging on-demand pay to hire quicker and retain employees longer to meet the growing needs of consumers. Employers who partner with DailyPay can expect to have increased retention, productivity and employee satisfaction. A recent study shows that 73% of DailyPay users have an improved opinion of their employers and 74% say that DailyPay has helped reduce their financial stress. According to Mercator Advisory Group, less financial stress creates better interactions between coworkers and customers, therefore improving sales, brand image and customer experience. DailyPay clients can also expect a 63% improvement in turnover.