INDEPENDENCE – November 4, 2019 – Koinonia, a leading provider of life-changing services to people with intellectual and developmental disabilities (IDD), has unveiled a new initiative aimed at helping employees gain greater financial flexibility. DailyPay allows employees to receive instant access to their earned but unpaid wages whenever they need them, without having to wait until their next scheduled payday.
The partnership will empower Koinonia’s workforce with the financial freedom to access their wages whenever they need them, not just on payday. Direct Support Professionals (DSPs) and other staff members will have the ability to pick up an extra shift and get paid for it the next day, through DailyPay.
“Koinonia’s Employees are, hands down, our most important resource and asset, and as employers we have a duty to care for them,” Diane Beastrom, President & CEO said. “This benefit encourages people to come to work each and every day feeling engaged because they have more financial flexibility and a safeguard against unexpected expenses.”
With DailyPay, employees can transfer their accrued but unpaid wages to any bank account, paycard, or debit card prior to their next payday. Koinonia employees can also track their accumulated earnings during each pay period using the available balance feature.
There is no charge for employees to sign up for DailyPay. Similar to an ATM, employees pay a small fee of $1.99 per transaction to receive the funds the next day or $2.99 per transaction to receive funds instantly.
Fast-pay options are a growing trend in payroll as employers promote the service as a way to reduce turnover and boost morale. DailyPay incentivizes Koinonia employees to work scheduled or additional shifts to increase their available balance. The benefit is one of many innovative tools the agency is initiating to engage with the very best candidates who in turn, enable people who have IDD live their best lives in our community.
DailyPay, the leading provider of the daily pay benefit – a benefit offered through employers that allows employees to receive instant access to their earned wages. With DailyPay, employees can pay bills on time and avoid late fees, helping them to reach their financial goals. For more information on DailyPay visit their website https://www.dailypay.com.