![]() By adding new payment models and relieving that stress, staffing agencies can help their workforce feel taken care of and stay focused on the job at hand, according to Josh Bersin’s 2020 Tech Market study. Financial stress is a powerful productivity killer. There’s a hidden value here for staffing agencies who meet their workers where they are financially. It’s not just good for the worker it’s also good for the staffing agency. How widespread is adoption of this new payment model? Almost 90% of TalentBurst’s lower-pay light industrial workers have chosen daily pay. Talwar describes this as often the most critical deciding factor for many candidates to accept the job or accept another one. “In fact, they really need it to make ends meet.” “Daily pay is embraced by anyone making less than $25-30/hour,” says Brad Talwar, Founder & CEO of Talenburst. Innovators like TalentBurst are taking care of their workers through daily pay. How quickly do your workers get paid? At this agency, workers get paid 8 minutes after a shift “We consider it to be one of our greatest differentiators.” “If staffing companies will want to continue to compete for just-in-time talent, they will need to support daily pay,” says Taryn Owen, President at PeopleReady. For others, it’s become an important way to manage finances and make sure they’re making ends meet. It’s for the staffing industry what binge watching is to Netflix. ![]() What these agencies have found is widespread adoption and the ability to convert candidates into workers more easily than ever.ĭaily pay has two primary advantages: For some, it’s the ability to have the flexibility to spend money as quickly as they’ve earned it. Staffing agencies have made daily pay a reality by investing in technology and processes. This might seem like a far-off vision of the future of work. You feel an immediate connection between the work you put in that day and the financial rewards. ![]() What is it? It’s a notification that you’ve already been paid for your day’s work. Imagine ending your workday and your phone vibrates.
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