In an effort to provide its employees with financial wellness tools, Honeygrow implements a popular pay-on-demand benefit
NEW YORK, August 17, 2022 /PRNewswire/ — growing upthe Philadelphiabased on the fast-casual concept, is joining forces with Daily Payment – the leader in pay-on-demand. Through this partnership, Honeygrow restaurant employees can now access their earned pay after completing a shift. Ultimately, the DailyPay benefit allows employees to access their pay as they are earned, eliminating the need for payday loans and overdraft fees as they can pay bills, save, spend or invest in their own schedules.
“Customers have many options in the QSR and fast casual space. The strength of a restaurant’s employees is a primary differentiator in making that decision,” he said. justin rosenberg, Founder and CEO honeygrow. “We want our team to be happy and set up for success. As we’ve seen people react positively to the idea of pay-on-demand, DailyPay just made sense.”
Founded in Philadelphia, Pennsylvaniahoneygrow is a casual, pop-up restaurant with 29 locations across Delaware, Maryland, Massachusetts, New Jersey, New York, Pennsylvania Y Virginia. The company will use DailyPay as a financial wellness benefit for its employees. With DailyPay, Honeygrow employees are in control of their financial health. A poll conducted by DailyPay found that 85% of those who use a daily pay perk say it allows them to budget and pay large monthly bills like rent, utilities, and car payments.
honeygrow is among the latest QSRs to implement DailyPay. By doing so, Honeygrow can remain competitive in attracting and retaining qualified talent. The DailyPay survey found that employers who provide on-demand payments through DailyPay can recruit and fill open positions in half the time (52%). The survey also found that 74% of DailyPay users say that having access to their earnings has helped reduce their financial stress, making them more productive at work.
Honeygrow is on a mission to bring people together through healthy, simple food. Founded in 2012, the PhiladelphiaThe headquartered company specializes in appetizing and customizable stir-fries, salads and honey bars. Using only the highest quality foods, Honeygrow offers a robust variety of nutritional options for customers in a wide range of lifestyles. honeygrow currently has 29 locations throughout the Northeast. For more information about honeygrow, visit www.honeygrow.com and follow honeygrow on Facebook, Instagram and Twitter.
DailyPay, Inc., powered by its industry-leading technology platform, is on a mission to build a new financial system. Partnering with America’s best-in-class employers, including Dollar Tree and Adecco, DailyPay is the recognized leader in on-demand payments. Through its massive data network, proprietary funding model, and connections to over 6,000 endpoints in the banking system, DailyPay works to ensure money is always in the right place at the right time for employers, merchants, and financial institutions. . DailyPay is developing technology and the mindset to reimagine the way money moves, from the moment work begins. DailyPay is based in New Yorkwith operations based on Minneapolis. For more information visit www.dailypay.com/press.
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Email: [email protected]