{"id":24498,"date":"2022-01-28T09:38:19","date_gmt":"2022-01-28T14:38:19","guid":{"rendered":"https:\/\/www.dailypay.com\/?p=24498"},"modified":"2022-01-28T09:38:20","modified_gmt":"2022-01-28T14:38:20","slug":"on-demand-pay-empowers-executive-suite","status":"publish","type":"post","link":"https:\/\/www.dailypay.com\/resource-center\/blog\/on-demand-pay-empowers-executive-suite\/","title":{"rendered":"On-Demand Pay Empowers The Executive Suite"},"content":{"rendered":"\n

There\u2019s an oft-quoted Harvard Business Review<\/a> study about CEO behavior that was published way back in what seems like ancient history, before the pandemic, the Great Resignation and the ubiquitous presence of the phrase \u201csupply chain.\u201d In 2017 a team of researchers identified the behaviors that defined success for CEOs. And no, space travel wasn\u2019t on the list. Neither was odd attire at business events. <\/p>\n\n\n\n

What was on the list was the ability to \u201cadapt proactively.\u201d In fact, the study found that proactive CEOs are 6.7 times more likely to succeed than those with short-term vision. \u201cWe believe a long-term focus helps because it makes CEOs more likely to pick up on early signals,\u201d the report stated. \u201cHighly adaptable CEOs regularly plug into broad information flows: They scan wide networks and diverse sources of data, finding relevance in information that may at first seem unrelated to their businesses. As a result, they sense change earlier and make strategic moves to take advantage of it.\u201d<\/p>\n\n\n\n

Arguably this statement is more relevant now than it was five years ago. Any CEO that says he or she could have predicted a global pandemic and the various business dynamics it has created in 2017 is either amazingly clairvoyant or blatantly dishonest. And any CEO who says they know when these business dynamics will alleviate has the same talents or issues. CEOs have no shortage of issues to keep them up at night these days, but one issue keeps its staying power right alongside supply chains and inflation. That issue is the workforce. How do I get talent, keep it and grow it?<\/p>\n\n\n\n

Evidence abounds. Exhibit #1: Blackrock CEO Larry Fink\u2019s letter to shareholders, which dispensed with subtlety from the very beginning. It\u2019s title: \u201cThe Power of Capitalism.\u201d<\/a> But it\u2019s not the brute strength of money he was addressing. He spent a good part of his letter talking about the importance of a fulfilled and ambitious workforce. \u201cWorkers demanding more from their employers is an essential feature of effective capitalism,\u201d Fink said. \u201cIt drives prosperity and creates a more competitive landscape for talent, pushing companies to create better, more innovative environments for their employees \u2013 actions that will help them achieve greater profits for their shareholders. Companies that deliver are reaping the rewards.\u201d <\/p>\n\n\n\n

According to a new Deloitte<\/a> survey, 71 percent of all CEOs are concerned about a labor and skills shortage, which translates to \u201cthe Great Resignation\u201d as well as the ability to mitigate that trend. No surprise then that several CEOs took the occasion of their quarterly analyst calls to focus on one strategy to attract and keep their employees, which is on-demand pay. No surprise when research done by DailyPay shows that vacant jobs fill up 52% faster<\/a> by mentioning DailyPay in their recruitment materials. Talent is a C-level concern; on-demand pay is emerging as a C-level solution. <\/p>\n\n\n\n

In a recent article <\/a>in Motley Fool, Michael A. Witynski, President and Chief Executive Officer of Dollar Tree discussed the positive impact DailyPay has on their staff and their ability to attract new talent. <\/p>\n\n\n\n

And he\u2019s not alone. In an article published by Motley Fool<\/a>, Aveanna Healthcare CEO Jeff Shaner addressed the labor shortage and retention issues in his company, listing his efforts to solve it: 24 hours a day recruiting engagement for all applicants; virtual orientation offered seven days a week in all time zones; virtual clinical training offered seven days a week, with over 1,500 clinicians completed to date; a DailyPay option for caregivers who need to be paid faster and more flexible; and a vaccination bonus program offering cash rewards for fully vaccinated caregivers.<\/p>\n\n\n\n

The DailyPay benefit was not a lightly considered solution by these CEOs nor is it an impulsive decision to put a bandaid on the workforce retention problem. To their credit, they have done exactly what the HBR team recommended five years ago: They sensed change earlier than their competitors and made strategic moves to take advantage of it. Adding benefits, opening access to payroll and giving the workforce more transparency into their money is job one for any CEO in this economy. Leave the ski caps and rocket diagrams at home. <\/p>\n","protected":false},"excerpt":{"rendered":"

There\u2019s an oft-quoted Harvard Business Review study about CEO behavior that was published way back in what seems like ancient history, before the pandemic, the Great Resignation and the ubiquitous presence of the phrase \u201csupply chain.\u201d In 2017 a team of researchers identified the behaviors that defined success for CEOs. And no, space travel wasn\u2019tRead More<\/a><\/p>\n","protected":false},"author":32,"featured_media":24519,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[147],"tags":[607,653],"class_list":["post-24498","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-dailypay","tag-earnings-call"],"acf":[],"yoast_head":"\nOn-Demand Pay Empowers The Executive Suite - DailyPay<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.dailypay.com\/resource-center\/blog\/on-demand-pay-empowers-executive-suite\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"On-Demand Pay Empowers The Executive Suite\" \/>\n<meta property=\"og:description\" content=\"There\u2019s an oft-quoted Harvard Business Review study about CEO behavior that was published way back in what seems like ancient history, before the pandemic, the Great Resignation and the ubiquitous presence of the phrase \u201csupply chain.\u201d In 2017 a team of researchers identified the behaviors that defined success for CEOs. And no, space travel wasn\u2019tRead More\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.dailypay.com\/resource-center\/blog\/on-demand-pay-empowers-executive-suite\/\" \/>\n<meta property=\"og:site_name\" content=\"DailyPay\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/dailypay\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/trydailypay\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-01-28T14:38:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-01-28T14:38:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.dailypay.com\/wp-content\/uploads\/on-demand-pay-executive-suite-earnings.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"628\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"DailyPay\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@dailypay\" \/>\n<meta name=\"twitter:site\" content=\"@dailypay\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"DailyPay\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"On-Demand Pay Empowers The Executive Suite - DailyPay","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.dailypay.com\/resource-center\/blog\/on-demand-pay-empowers-executive-suite\/","og_locale":"en_US","og_type":"article","og_title":"On-Demand Pay Empowers The Executive Suite","og_description":"There\u2019s an oft-quoted Harvard Business Review study about CEO behavior that was published way back in what seems like ancient history, before the pandemic, the Great Resignation and the ubiquitous presence of the phrase \u201csupply chain.\u201d In 2017 a team of researchers identified the behaviors that defined success for CEOs. And no, space travel wasn\u2019tRead More","og_url":"https:\/\/www.dailypay.com\/resource-center\/blog\/on-demand-pay-empowers-executive-suite\/","og_site_name":"DailyPay","article_publisher":"https:\/\/www.facebook.com\/dailypay","article_author":"https:\/\/www.facebook.com\/trydailypay\/","article_published_time":"2022-01-28T14:38:19+00:00","article_modified_time":"2022-01-28T14:38:20+00:00","og_image":[{"width":1200,"height":628,"url":"https:\/\/www.dailypay.com\/wp-content\/uploads\/on-demand-pay-executive-suite-earnings.jpg","type":"image\/jpeg"}],"author":"DailyPay","twitter_card":"summary_large_image","twitter_creator":"@dailypay","twitter_site":"@dailypay","twitter_misc":{"Written by":"DailyPay","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.dailypay.com\/resource-center\/blog\/on-demand-pay-empowers-executive-suite\/#article","isPartOf":{"@id":"https:\/\/www.dailypay.com\/resource-center\/blog\/on-demand-pay-empowers-executive-suite\/"},"author":{"name":"DailyPay","@id":"https:\/\/www.dailypay.com\/#\/schema\/person\/0dc5e72435b747402bdc50b62513acd9"},"headline":"On-Demand Pay Empowers The Executive Suite","datePublished":"2022-01-28T14:38:19+00:00","dateModified":"2022-01-28T14:38:20+00:00","mainEntityOfPage":{"@id":"https:\/\/www.dailypay.com\/resource-center\/blog\/on-demand-pay-empowers-executive-suite\/"},"wordCount":703,"publisher":{"@id":"https:\/\/www.dailypay.com\/#organization"},"image":{"@id":"https:\/\/www.dailypay.com\/resource-center\/blog\/on-demand-pay-empowers-executive-suite\/#primaryimage"},"thumbnailUrl":"https:\/\/www.dailypay.com\/wp-content\/uploads\/on-demand-pay-executive-suite-earnings.jpg","keywords":["DailyPay","earnings call"],"articleSection":["Blog"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.dailypay.com\/resource-center\/blog\/on-demand-pay-empowers-executive-suite\/","url":"https:\/\/www.dailypay.com\/resource-center\/blog\/on-demand-pay-empowers-executive-suite\/","name":"On-Demand Pay Empowers The Executive Suite - DailyPay","isPartOf":{"@id":"https:\/\/www.dailypay.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.dailypay.com\/resource-center\/blog\/on-demand-pay-empowers-executive-suite\/#primaryimage"},"image":{"@id":"https:\/\/www.dailypay.com\/resource-center\/blog\/on-demand-pay-empowers-executive-suite\/#primaryimage"},"thumbnailUrl":"https:\/\/www.dailypay.com\/wp-content\/uploads\/on-demand-pay-executive-suite-earnings.jpg","datePublished":"2022-01-28T14:38:19+00:00","dateModified":"2022-01-28T14:38:20+00:00","breadcrumb":{"@id":"https:\/\/www.dailypay.com\/resource-center\/blog\/on-demand-pay-empowers-executive-suite\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.dailypay.com\/resource-center\/blog\/on-demand-pay-empowers-executive-suite\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.dailypay.com\/resource-center\/blog\/on-demand-pay-empowers-executive-suite\/#primaryimage","url":"https:\/\/www.dailypay.com\/wp-content\/uploads\/on-demand-pay-executive-suite-earnings.jpg","contentUrl":"https:\/\/www.dailypay.com\/wp-content\/uploads\/on-demand-pay-executive-suite-earnings.jpg","width":1200,"height":628,"caption":"A woman in a yellow shirt shakes hands with a man in a blue shirt while another woman sits nearby in an office setting. A black bag is on the table."},{"@type":"BreadcrumbList","@id":"https:\/\/www.dailypay.com\/resource-center\/blog\/on-demand-pay-empowers-executive-suite\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Resource Center","item":"https:\/\/www.dailypay.com\/resource-center\/"},{"@type":"ListItem","position":2,"name":"Blog","item":"https:\/\/www.dailypay.com\/resource-center\/blog\/"},{"@type":"ListItem","position":3,"name":"On-Demand Pay Empowers The Executive Suite"}]},{"@type":"WebSite","@id":"https:\/\/www.dailypay.com\/#website","url":"https:\/\/www.dailypay.com\/","name":"DailyPay","description":"Earned Wage Access Provider - DailyPay","publisher":{"@id":"https:\/\/www.dailypay.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.dailypay.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.dailypay.com\/#organization","name":"DailyPay","url":"https:\/\/www.dailypay.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.dailypay.com\/#\/schema\/logo\/image\/","url":"https:\/\/www.dailypay.com\/wp-content\/uploads\/dailypay-logo.svg","contentUrl":"https:\/\/www.dailypay.com\/wp-content\/uploads\/dailypay-logo.svg","width":157,"height":39,"caption":"DailyPay"},"image":{"@id":"https:\/\/www.dailypay.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/dailypay","https:\/\/x.com\/dailypay","https:\/\/www.instagram.com\/trydailypay\/","https:\/\/www.linkedin.com\/company\/dailypay-inc\/","https:\/\/www.youtube.com\/channel\/UCOHcuqx2v4Yqpm1bdt1AMWA"]},{"@type":"Person","@id":"https:\/\/www.dailypay.com\/#\/schema\/person\/0dc5e72435b747402bdc50b62513acd9","name":"DailyPay","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/e42f21a99897a3d3491b8b93da6117f50707d53af06c27b3db445d48b6477a8a?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/e42f21a99897a3d3491b8b93da6117f50707d53af06c27b3db445d48b6477a8a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/e42f21a99897a3d3491b8b93da6117f50707d53af06c27b3db445d48b6477a8a?s=96&d=mm&r=g","caption":"DailyPay"},"description":"DailyPay, the leading provider of the daily pay benefit \u2014 a benefit offered through employers that allow employees to receive instant access to their earned income, works across a wide range of industries, including quick service restaurants, hospitality, retail, healthcare and other services. One in six Americans now has access to DailyPay through our trusted payroll service partners, including ADP, Paycor, SmartLinx, Netspend and other HR and payroll technology providers, who offer the daily pay product to their customers. With DailyPay, employees can pay bills on time and avoid late fees, helping them to reach their financial goals. Companies have reported that DailyPay increases employee engagement and retention and helps to support recruitment. DailyPay is backed by leading venture capital firms and world-class strategic investors. The company is headquartered in New York.","sameAs":["https:\/\/www.facebook.com\/trydailypay\/","https:\/\/www.linkedin.com\/company\/dailypay-inc\/","https:\/\/x.com\/dailypay"],"url":"https:\/\/www.dailypay.com\/author\/dailypay\/"}]}},"_links":{"self":[{"href":"https:\/\/www.dailypay.com\/wp-json\/wp\/v2\/posts\/24498","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.dailypay.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.dailypay.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.dailypay.com\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/www.dailypay.com\/wp-json\/wp\/v2\/comments?post=24498"}],"version-history":[{"count":0,"href":"https:\/\/www.dailypay.com\/wp-json\/wp\/v2\/posts\/24498\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.dailypay.com\/wp-json\/wp\/v2\/media\/24519"}],"wp:attachment":[{"href":"https:\/\/www.dailypay.com\/wp-json\/wp\/v2\/media?parent=24498"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.dailypay.com\/wp-json\/wp\/v2\/categories?post=24498"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.dailypay.com\/wp-json\/wp\/v2\/tags?post=24498"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}