Workday Inc., the AI platform for managing people, money, and agents, and DailyPay, the leading On-Demand Pay platform, today announced that DailyPay has been selected as Workday's Strategic Partner for On-Demand Pay in the United States and Canada. Through this collaboration, employers can give workers, including frontline and hourly workers, real-time access to their money as they earn it.
DailyPay's solution has been integrated with Workday Human Capital Management (HCM) and Workday Payroll since 2023. The companies are now offering a more connected experience for joint customers that empowers employees with access to their earnings on their own schedule, when they need it most.
"The employee experience goes far beyond perks and benefits—it's about supporting employees' total well-being—and their financial health is a critical part of that," said Matthew Brandt, senior vice president, global partners, Workday. "By giving employees access to their earned wages on their own terms, this partnership is helping to remove a major source of stress—and empowering a workforce that's more resilient, engaged, and productive."
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Empowering Businesses and Employees With a New Approach to Getting Paid
For many employees—especially frontline and hourly workers—unexpected expenses can lead to financial stress and reduce job satisfaction. More than half of U.S. workers report they are living paycheck-to-paycheck, and businesses lose about a trillion dollars per year in turnover costs.
Workday and DailyPay aim to solve this with DailyPay's easy-to-use platform, letting employees instantly access the pay they have already earned. This benefit is a win-win for businesses and workers alike: employers can build a more engaged and productive workforce, while employees gain greater control of their finances and feel more satisfied and empowered at work.
"We are honored to strengthen our partnership with Workday and become their Strategic Partner for On-Demand Pay," said Stacy Greiner, CEO of DailyPay. "Our business goes beyond the workplaces we touch—we are reshaping how an entire generation of employers and employees interact. Through this expanded partnership, DailyPay will be able to serve more businesses focused on their employee's financial well-being and reach tens of millions of workers who will benefit from the power to access their money on their time."
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Source: PRN newswire
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