Why On-Demand Pay is Table Stakes in Hospitality

In this infographic, learn how On-Demand Pay benefits hospitality employees and employers by boosting financial wellness and aiding recruitment.

In the hospitality industry, where quit rates are among the highest, creating exceptional guest experiences relies on employee retention and engagement. With 57% of employees citing finances as their greatest source of stress, hospitality leaders face a critical challenge in maintaining the workforce needed to execute their brand strategy.

This infographic shows how On-Demand Pay has become essential for forward-thinking hospitality executives to attract and retain talent in a competitive market. By allowing employees access to their earned wages without waiting for traditional pay periods, companies see remarkable results in workforce stability and satisfaction. Read on now to learn why:

• 94% of hospitality companies offering On-Demand Pay report improved employee attraction
• 74% of employees find jobs more appealing when they offer access to wages sooner
• 95% of employers using On-Demand Pay experienced better employee retention rates

Offered Free by: Hotel Dive’s studioID and DailyPay