Grocers and Supermarkets
Seeking an On-Demand Pay Solution to Lower Turnover?
Employee turnover in the grocery and supermarket industry averages around 50%, with part-time employees experiencing even higher rates. Offering an on-demand pay benefit can boost retention and streamline hiring, reducing costs and building stronger employee relationships. With this flexibility, companies can better manage workforce stability while working toward improved profit margins.
Why Top Grocers and Supermarkets Choose On-Demand Pay
Providing employees with access to their earned wages before payday helps them manage bills on time and save for unexpected expenses. This financial flexibility not only boosts employee satisfaction and retention but also translates to better customer service, creating a positive experience for both staff and customers.
Cost Savings
Early wage access allows employees to stay longer at their jobs, reducing turnover by an average of 45%. This approach helps supermarkets and grocery stores save significantly on recruitment and training costs by retaining more experienced staff.
Enhanced Employee Performance
While many retailers struggle to retain staff, those offering on-demand pay report a 48% reduction in turnover and an increase in employee tenure by 60%, contributing to a more stable, engaged workforce.
Increased Customer Satisfaction
On-demand pay promotes financial security and minimizes stress, empowering employees to provide more attentive, higher-quality service, which enhances customer loyalty and satisfaction.
Faster Hiring
Featuring on-demand pay in job listings can attract twice as many applicants, giving companies a competitive edge in filling roles quickly and efficiently.
Supermarket Employees Seek Convenient Pay Solutions
Nearly three out of four employees want the flexibility to access their earnings before the scheduled payday. By offering on-demand pay, supermarkets can meet this demand, allowing employees to access their earned wages early and even set aside a portion for savings before payday arrives.
Easy Access
Employees can transfer up to 100% of their net earned pay directly to any account of their choice, either instantly or by the next day, giving them complete control over their finances.
Fair, Transparent Fees
An on-demand pay solution comes with a simple, transparent fee structure. Similar to ATM fees, employees only incur a fee when they request a transfer, regardless of the destination account, ensuring clarity and fairness in transactions.