Hospitals & Healthcare
Care for Your employees Like You Care for Your Patients
Happy employees are more productive, which ultimately benefits patient care. Show your healthcare workers that they are valued, and your patients will notice the difference.
Secure your future
Healthcare workers have faced tremendous challenges over the past few years, navigating the demands of the pandemic and its impact on the industry.
Staffing shortages and employee burnout have pushed healthcare workers to their limits.
In India, studies estimate that up to 25–30% of qualified health professionals are not part of the active healthcare workforce, highlighting substantial attrition.
Hospitals, home care providers, and other healthcare organizations should explore additional ways to support their staff, providing financial wellness tools to help alleviate these challenges and enhance overall well-being.
Boost Employee Satisfaction with On-Demand Pay
On-demand pay allows employees to access their earned income when needed, giving them greater financial control. For healthcare organizations, offering on-demand pay can improve employee satisfaction and engagement, potentially reducing turnover and enhancing patient care quality.
Quality care is essential for healthcare providers, yet high turnover and staffing shortages can strain service and impact patient outcomes. In India, turnover rates in healthcare vary significantly, with hospitals experiencing rates around 19.5%, home care providers up to 65%, and nursing homes as high as 94%, placing financial and logistical pressure on the sector.
When healthcare teams face understaffing and burnout, their engagement and focus often decline, affecting performance and care quality. By supporting staff with financial wellness tools like on-demand pay, healthcare organizations can better retain their workforce and maintain high standards of care.
Benefits of On-Demand Pay in Healthcare
On-demand pay solutions like My Day Pay Day significantly enhance healthcare employees' financial well-being.
According to a recent survey, 38% of respondents reported using Earned Wage Access (EWA) to ease financial pressures.
Additionally, My Day Pay Day enables employees to build savings and access rewards, contributing to higher job satisfaction and improved financial security.
Less Turnover
Implementing Earned Wage Access (EWA) programs in high-turnover sectors like healthcare has been shown to improve retention by around 50-60%, as employees value the financial flexibility. This reduces reliance on costly loans and fosters loyalty by ensuring healthcare workers feel financially supported, ultimately contributing to a more stable and satisfied workforce.
Increase Productivity
With EWA, over 55% of employees in India feel more motivated to pick up extra shifts and attend work regularly, knowing they have early access to wages if needed. This boost in financial security prevents the need for payday loans, enabling employees to stay focused and productive.
Enhanced Job Satisfaction
On-demand pay enhances job satisfaction, as employees feel empowered to manage unexpected expenses. Many report a stronger sense of support and loyalty to their employer, with EWA providing a crucial financial wellness benefit valued in today’s job market.
My Day Pay Day seamlessly integrates with payroll and attendance systems for easy setup and management.
This partnership requires no extra effort from the employer, as the integration is designed to be seamless and hassle-free, enabling a smooth rollout of on-demand pay for employees.
Get MyDayPayDay for Your Business
Experience what the gold standard in on-demand pay can do for your business and your employees.