Whitepaper | On-Demand Pay and the Hospitality Industry
On-Demand Pay and the Hospitality Industry
Leaders leveraging earned wage access find better attendance and higher productivity – all at no-cost
Employee turnover is a constant strain on business budgets. The national annual turnover rate of 41% is costly enough, but in industries like QSR, healthcare, and retail, it's often much higher.
Download the whitepaper to learn why financial inflexibility is a big reason for employee churn. There's a reality of money stress permeating workplaces around the country. Find out why employers are equipping their staffs with earned wage access (EWA) to help fill gaps between paydays.
Did you know:
- 78% of Americans are living paycheck to paycheck
- 1 in 4 workers report a decrease in productivity because of financial stress
- Half of employees said having access to their pay on-demand helped avoid new debt
Get the free whitepaper to find out how earned wage access is helping staffs and businesses everywhere.
1: US Bureau of Labor Statistics, 2023
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On-Demand Pay
The Employee Benefit that Benefits Businesses
Employer Testimonial
- Tracie D. (Owner)
"Excellent product with outstanding service. Tapcheck is a huge retention booster! Employees love using this to advance money for gas, groceries, etc. It has improved show up rates for shifts."
Employer Testimonial
- Darcel R.
"What a great service. If you get paid every two weeks, but something comes up you have an unexpected bill. It's nice to know that Tapcheck is there for you."
Employer Testimonial
- Alexia Lucero-Kendall (Payroll Supervisor, Sweetwater Care)
"Tapcheck really assured me that they were going to be there when we needed it. We've had nightmare situations before, but Tapcheck was right there with us."
Employer Testimonial
- Becki Carpenter (Payroll Director, TJ Wolf, a McDonald’s Franchise)
"Tapcheck is one of the easiest, most user-friendly platforms in payroll processing that I use in my expertise of work."
Employer Testimonial
- Cathy Remedies (Director of Operations Services, R2 Restaurants, a Taco Bell Franchise)
"Tapcheck has helped us with retention. Our employees are calling out of work less because they can get the funds they need before payday to take care of whatever it is they need."
Employer Testimonial
- Shara Kreisl (Director of Human Resources and Payroll, Planet Fitness)
"As a department of one, if there's a heavy lift, it doesn't make it a lot of sense. I'm the one handling onboarding, offboarding, performance; so it needs to be easy. There's no heavy lift with Tapcheck."
Employer Testimonial
- Amanda Wickert (VP of Engagement, Navion Senior Solutions)
"The connection between financial wellness and their overall wellbeing, sometimes it's as vital as: 'I don't have $50 to go to the urgent care, so I'm just going to let this infection get worse'. It would be detrimental for a lot of our communities if we didn't have this kind of benefit."
Employer Testimonial
- Eli Collier (Franchise Owner, HomeWell Care Services)
"You're either going to pay for something with your time or your money. Tapcheck is one of the very few companies that didn't cost me either."
Employer Testimonial
- Aaron Shapiro (Payroll Director, Vertex Consulting Group)
"Just go for it. It doesn't cost you anything, and it makes a huge difference for employees living paycheck to paycheck. It's a great asset for any facility."
Employer Testimonial
- Holly Lasitis (Accounting & HR Management, M&J Management, a McDonald’s Franchise)
"Tapcheck has been the easiest implementation I've ever done, and I've done quite a few of them. Honestly, it feels like I did next to nothing."
Employer Testimonial
- Alan Barrington (Head of HR, Stonebriar Auto Services, a Jiffy Lube Franchise)
"This benefit is hands-off, it helps the employee, it's fully integrated, and it doesn't cost the company. It's a no-brainer."
Employer Testimonial
- Monica C. (Director of Accounting)
"Payactiv wasn't able to verify employee data regularly, even though we sent them a daily file. They were requiring us to send another daily email with every employee change. Errors were made on employee accounts, they didn't process our time files efficiently, and our employees became frustrated with the system."
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