Hiring seasonal workers? DailyPay's new transparency tool can make recruiting easier

The effort to empower hourly workers around their pay is a year-round commitment, but with the holiday season right around the corner, it's more vital than ever. 

 On-demand pay provider DailyPay recently launched a "shifts worked" function that breaks down how much an employee will earn per shift, and what amount is available for them to use before payday. The feature is an extension of the platform's popular "pay balance" function — which disclosed the amount of money an employee made in their current pay cycle. 

"We realized that the DailyPay balance was a generic number — people wanted more details," says Jeanniey Walden, chief innovation and marketing officer at DailyPay. "They wanted to know things like, 'Did this cover the last shift that I just picked up? Did I get my time and a half when I worked on Sunday? Do I still need more money?'" 

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According to internal data from DailyPay, 57% of their users who are paid on an hourly basis check their earned wages in their DailyPay Pay Balance five or more times per week, and 56% of users said those insights motivated them to pick up more shifts or work longer hours. With the shifts worked tab, employees will see a more granular view of their earnings, helping them make more informed decisions around their finances and work schedules. 

The rollout was done with the incoming influx of seasonal workers in mind. With a rebound expected from a pandemic-induced low, searches for seasonal work on job search platform Indeed rose 33% as of September 30, compared with the year before. If employers want to successfully tap into that talent, they'll have to make it worth their while.

"For [seasonal workers], this is a really powerful recruiting tool because it's almost like an employer's guarantee that when you work and as you commit to working, they'll give you full transparency into how much you're earning," Walden says. "They can see immediately what that impact is and make a decision on what shifts to take." 

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The new function was also designed to create less payroll errors — which have traditionally forced 37% of employees to make a late payment on a bill such as their car loan, credit card, mortgage and rent, according to UKG — so that employers aren't inadvertently creating more problems for hourly workers as they seek to hire more seasonal work in a competitive job market. 

Services such as DailyPay's "shifts worked" tab are good solutions for employers looking to keep employees paid equitably and on time, in preparation for the busiest time of year. 

"This capability allows people to see very transparently how much money they made," Walden says. "So if something's wrong, they can go to their manager or to their HR team in advance of payroll coming out so they can adjust and make sure that that payroll is submitted with less errors to no errors at all."