{"id":6083,"date":"2020-07-27T20:35:44","date_gmt":"2020-07-28T00:35:44","guid":{"rendered":"https:\/\/www.dailypay.com\/?post_type=ebooks&#038;p=6083"},"modified":"2023-01-03T12:37:29","modified_gmt":"2023-01-03T17:37:29","slug":"how-covid-19-accelerated-the-critical-need-for-a-daily-pay-benefit","status":"publish","type":"post","link":"https:\/\/www.dailypay.com\/resource-center\/ebooks\/how-covid-19-accelerated-the-critical-need-for-a-daily-pay-benefit\/","title":{"rendered":"How COVID-19 Accelerated the Critical Need for a Daily Pay Benefit"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"6083\" class=\"elementor elementor-6083\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-22523ef9 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"22523ef9\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4d34f6cf\" data-id=\"4d34f6cf\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f56a9ce elementor-widget elementor-widget-ucaddon_dp_marketo_form\" data-id=\"f56a9ce\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"ucaddon_dp_marketo_form.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n<!-- start DP Marketo Form -->\n<style>\/* widget: DP Marketo Form *\/\n\n.dp-marketo-form-normal-outer{\n  display: flex;\n  justify-content: flex-start;\n    align-items: flex-start;\n}\n\n.dp-marketo-form-wrap h3{\n  font-family: var(--primary-font) !important\n}\n\n.dp-marketo-form-normal{\n  border-radius: 3px;\n  padding: 24px 16px;\n  box-shadow: 0px 0px 10px 3px rgb(0 0 0 \/ 5%);;\n}\n\n.dp-marketo-form-normal h3 span{\n\tfont-family: var(--secondary-font) !important;\n}\n\n.dp-marketo-form-normal .dp-marketo-form-wrap .dp-marketo-form-text-description {\n\tfont-size: 16px;\n\tline-height: 24px;\n}\n\n.dp-marketo-form-normal .dp-marketo-thankyou-message .marketo-custom-thankyou-message{\n\tmargin-bottom: 0px;\n\tfont-size: 16px;\n\tline-height: 24px;\n}\n\n.dp-marketo-form-normal .dp-marketo-thankyou-message h3.thankyou-heading-text {\n  font-size: 24px;\n  font-family: var(--primary-font) !important;\n  line-height: 32px;\n  margin-bottom: 24px;\n}\n\n.dp-marketo-form-normal .dp-marketo-thankyou-message .marketo-custom-thankyou-message p {\n\tmargin-bottom: 16px;\n\tfont-size: 16px;\n\tline-height: 24px;\n}\n\n.dp-marketo-form-normal .dp-marketo-thankyou-message .marketo-custom-thankyou-message p:last-child {\n\tmargin-bottom: 0px;\n}\n\n.dp-marketo-form-normal .dp-marketo-thankyou-message .marketo-content-download-text {\n\tmargin-bottom: 16px;\n\tfont-size: 16px;\n\tline-height: 24px;\n}\n\n.dp-marketo-form-normal .dp-marketo-thankyou-message .marketo-demo-message-text p {\n\tfont-size: 16px;\n\tline-height: 24px;\n}\n\n.dp-marketo-form-normal .dp-marketo-thankyou-message .marketo-event-message-text {\n\tfont-size: 16px;\n\tline-height: 24px;\n}\n\n.dp-marketo-form-normal .dp-marketo-thankyou-message .marketo-partnership-message-text {\n\tfont-size: 16px;\n\tline-height: 24px;\n}\n\n.dp-marketo-form-normal .dp-marketo-thankyou-message .marketo-client-message-text {\n\tfont-size: 16px;\n\tline-height: 24px;\n}\n\n.dp-marketo-form-normal .dp-marketo-thankyou-message .marketo-international-odp-message-text p {\n\tfont-size: 16px;\n\tline-height: 24px;\n}\n\n.dp-marketo-form-normal form.dp-marketo-form-wrap .mktoFormRow .mktoFormCol .mktoFieldWrap select{\n  background-image:\n    linear-gradient(45deg, transparent 50%, #03153a 50%),    linear-gradient(135deg, #03153a 50%, transparent 50%),    linear-gradient(to right, #fff, #fff);\n  background-position:\n    calc(100% - 20px) calc(1em + 2px),\n    calc(100% - 15px) calc(1em + 2px),\n    calc(100% - 2.5em) 0.5em;\n  background-size:\n    5px 5px,\n    5px 5px,\n    1px 1.5em;\n  background-repeat: no-repeat;\n}\n\n.faq-answer-video-wrap {\n  width: 100%;\n  display: flex;\n  margin-top: 22px;\n  overflow: hidden;\n  justify-content: center;\n  align-items: center;\n}\n\n.faq-answer-video-wrap .faq-answer-video-inner {\n  width: 100%;\n  margin: 10px;\n  \/* max-width: max-content; 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One of our representatives will contact you soon.\n   <\/div>\n   <div class=\"marketo-content-download-message\" style=\"display: block\">\n    <div class=\"marketo-content-download-text\">\n      Thank you for your interest. The content has been emailed to you.\n    <\/div>\n     <div class=\"marketo-content-download-cta\">\n       <a class=\"confirmation-box-cta-download dp-btn-normal dp-blue-orange-btn\" href=\"https:\/\/www.dailypay.com\/wp-content\/uploads\/eBook-how-covid-accelerated-the-critical-need-daily-pay-benefit.pdf\" target=\"_blank\">Download Now<\/a>\n     <\/div>\n   <\/div>\n   <div class=\"marketo-demo-message\" style=\"display: none\">\n     <div class=\"marketo-demo-message-text\">\n       <p>Thank you.<\/p> \n<p class=\"mb0\">We will get back to you soon to schedule your demo.<\/p>\n     <\/div>\n   <\/div>\n   <div class=\"marketo-event-message\" style=\"display: none\">\n     <div class=\"marketo-event-message-text\">\n       Thank you for registering! 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The toolkit will be emailed to you directly.\n     <\/div>\n   <\/div>\n   <div class=\"marketo-international-odp-message\" style=\"display: none\">\n     <div class=\"marketo-international-odp-message-text\">\n       <p>Thank you for your interest in the On-Demand Pay International Council! <\/p>\n<p class=\"mb0\">We will get back to you in 2-3 business days.<\/p>\n     <\/div>\n   <\/div>\n <\/div>\n<\/div>\n<\/div>\n<!-- end DP Marketo Form -->\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-306200ac elementor-widget elementor-widget-text-editor\" data-id=\"306200ac\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-dailypay-wrap undefined wrap mrgBtm-40 padH-40 align-left custom-content__hero\" style=\"margin-top: 0px !important;\" data-version=\"4b95\">\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<div class=\"wp-block-dailypay-heading undefined h2\" data-version=\"1f68\">\n<\/div>\n\n\n\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"930\" height=\"1206\" class=\"wp-image-6156\" src=\"https:\/\/www.dailypay.com\/wp-content\/uploads\/dailypay-ebook-how-COVID-19-accelerated-critical-need-for-daily-pay-benefit.png\" alt=\"\" srcset=\"https:\/\/www.dailypay.com\/wp-content\/uploads\/dailypay-ebook-how-COVID-19-accelerated-critical-need-for-daily-pay-benefit.png 930w, https:\/\/www.dailypay.com\/wp-content\/uploads\/dailypay-ebook-how-COVID-19-accelerated-critical-need-for-daily-pay-benefit-386x500.png 386w, https:\/\/www.dailypay.com\/wp-content\/uploads\/dailypay-ebook-how-COVID-19-accelerated-critical-need-for-daily-pay-benefit-768x996.png 768w\" sizes=\"(max-width: 930px) 100vw, 930px\" \/><\/figure>\n\n\n\n<p>&nbsp;<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-vertically-aligned-top is-layout-flow wp-block-column-is-layout-flow\">\n<h2 class=\"has-text-color wp-block-heading\" style=\"color: #4780ea;\">\u00a0<\/h2>\n\n\n<!-- [if lte IE 8]>\n<\/div>\n<\/div>\n<!-- \/wp:columns --><\/div>\n<!-- \/wp:dailypay\/wrap -->\n\n<!-- wp:dailypay\/wrap {\"className\":\"custom-content__excerpt\"} -->\n<div class=\"wp-block-dailypay-wrap undefined wrap mrgTop-40 mrgBtm-40 padH-40 align-left custom-content__excerpt\" data-version=\"4b95\"><!-- wp:heading {\"placeholder\":\"eBook Title\",\"customTextColor\":\"#4780EA\"} -->\n<h2 class=\"has-text-color\" style=\"color: #4780ea;\">How COVID-19 Accelerated the Critical Need for a Daily Pay Benefit<\/h2>\n<!-- \/wp:heading -->\n\n<!-- wp:paragraph {\"placeholder\":\"Place excerpt here...\"} -->\n<p>As the dark cloud of the global pandemic slowly lifts, America is waking up to a new world with new challenges. But with great challenges comes great innovation.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph {\"placeholder\":\"Place excerpt here...\"} -->\n<p>For the first time in recorded history, the world hit the pause button for months at a time. Family time was reintroduced. Parents and children reconnected. As we were forced inside to insulate ourselves from the world, we all got a chance to take a hard look at our lives. And take a look at how we do business.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph {\"placeholder\":\"Place excerpt here...\"} -->\n<p>The reality is that business in America will never be the same. The workplace as we once knew it has been shattered. For months, living rooms became the new boardrooms. We found a new way to work and to thrive. But the economics changed along with it. Companies now must focus on operational efficiency and doing more with less. Any way to create cost savings while maintaining an effective and engaged workforce becomes all the more imperative.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph {\"placeholder\":\"Place excerpt here...\"} -->\n<p>Empowering the American worker with the DailyPay experience creates a new and deeper bond with their employer. With the financial flexibility and freedom of an on-demand pay benefit, the American worker can refocus on their future in a new world with hope, optimism and financial wellness.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Section One\u00a0<\/h2>\n<!-- \/wp:heading -->\n\n<!-- wp:heading -->\n<h2>How the Workforce Sees Employers, Pre- and Post-COVID-19 Prior to COVID-19<\/h2>\n<!-- \/wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The workforce experience was being shaped by the demands of the younger generations \u2014 millennial and Gen Z \u2014 and their preferences. A good deal of the experience economy and the experience (EX) movement originated with millennials (born 1980-2000). They currently comprise 50% of the workforce and by 2025 will dominate with 75%. Millennials\u2019 lives are driven by experience. A major 2019 Gallup survey about millennial preferences found that more than 3 in 4 millennials (78%) would spend money on a desirable experience or event over buying something, and 55% of millennials say they\u2019re spending more on events and live experiences than ever before. More than 8 in 10 millennials (82%) attended or participated in a variety of live experiences compared with older generations (70%).<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:image {\"align\":\"center\",\"id\":6172,\"sizeSlug\":\"large\"} -->\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img decoding=\"async\" width=\"708\" height=\"148\" class=\"wp-image-6172\" src=\"https:\/\/www.dailypay.com\/wp-content\/uploads\/Screenshot-2020-07-24-19.31.27.png\" alt=\"\" srcset=\"https:\/\/www.dailypay.com\/wp-content\/uploads\/Screenshot-2020-07-24-19.31.27.png 708w, https:\/\/www.dailypay.com\/wp-content\/uploads\/Screenshot-2020-07-24-19.31.27-500x105.png 500w\" sizes=\"(max-width: 708px) 100vw, 708px\" \/><\/figure>\n<\/div>\n<!-- \/wp:image -->\n\n<!-- wp:paragraph -->\n<p>At work, they want to have a purpose. Millennials believe compensation must be fair, but they\u2019re motivated more by mission and purpose than paycheck. Purpose and personal development drive this generation, and they expect opportunities to learn and grow. When millennials get this type of support, business units can realize a 34% reduction in absenteeism and a 19% improvement in quality. When they don\u2019t, they tend to leave their jobs. quitting for a \u201ccareer growth opportunity.\u201d And this becomes costly. Replacing millennials can cost 150% of each employee\u2019s annual salary.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Generation Z is also part of the experience movement. \u201cThey\u2019re the most digitally literate generation to date. While millennials may have grown up during the internet\u2019s heyday, Gen Z has never known a world without it. As a generation, they are always \u2018switched on.\u2019 Every aspect of their lives is connected to the digital world,\u201d says a survey from real estate shopping developer Revo. \u201cThis allows them to see and experience pretty much everything everyone else is, ultimately feeding their need to continuously hunt down the next big experience. They are a generation defined by their constant FOMO (Fear of Missing Out).\u201d<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:html --> <span class=\"wp-block-dailypay-btn\"><a class=\"btn btn-primary\" href=\"#\">READ THE FULL EBOOK<\/a><\/span> <!-- \/wp:html --><\/div>\n<!-- \/wp:dailypay\/wrap -->\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Sign Up for the event. Lorem Ipsum is simply dummy text of the printing and typesetting industry. Thank You for Submission Thank you for your submission. One of our representatives will contact you soon. Thank you for your interest. The content has been emailed to you. Download Now Thank you. We will get back to<a class=\"read-more\" href=\"https:\/\/www.dailypay.com\/resource-center\/ebooks\/how-covid-19-accelerated-the-critical-need-for-a-daily-pay-benefit\/\">Read More<\/a><\/p>\n","protected":false},"author":32,"featured_media":6177,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[332],"tags":[618,162,107,615,613,628,36,614,60],"class_list":["post-6083","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ebooks","tag-benefits","tag-covid-19","tag-employee-benefits","tag-executive","tag-hr","tag-it","tag-on-demand-pay","tag-operations","tag-payroll"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>How COVID-19 Accelerated the Critical Need for a Daily Pay Benefit - 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\/ebooks\/how-covid-19-accelerated-the-critical-need-for-a-daily-pay-benefit\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How COVID-19 Accelerated the Critical Need for a Daily Pay Benefit\" \/>\n<meta property=\"og:description\" content=\"Sign Up for the event. 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