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Dunkin Case Study
Crocs Partnership
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Truckers!
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The Great
Resignation Is Here
It's Real......And It's Costing You Real Money!
If you own or manage a business, you
already
know what the problem
is, and it's not getting much better. Nobody seems to want to work
anymore. Whether it's COVID, government "stimulus", laziness, an
aging population, or a combination of factors, you simply can't attract (and
keep) enough workers to serve your customers the way you would like. And when customers
walk away, you're seeing those profit dollars walk with them.
Hourly Employees Cost More Than Ever
Especially If You Have to Replace Them!
To stay in business, employers are
being forced to pay more and more for labor, and those increased hourly
rates are being passed on to customers via higher prices (welcome to
inflation numbers we haven't seen in 40 years!). But the economic
"pain" doesn't stop there for employers. Worker turnover rates in
many industries are running at 100%! Did you know that, on average,
it costs $2,000 to replace an hourly employee, who walks out the door? We're talking about recruiting costs for HR, signing bonuses, onboarding
(and the associated government red tape), training costs, lost productivity until the new
employee is effective, an on and on. No wonder so many business are
struggling to turn a profit!
It's Cheaper to Keep
'Em
Employee Retention Is The Key To
Their Happiness And
Your Profitabiity
Once an
employee is established in your work force, properly trained, and
adequately performing their job,
you had better do everything you can to keep them there! A stable
and predictable work force is the only way you can plan and operate a
succesful business. If your workers are treated well and pleased with
their work life, they will usually stay put....but if they "walk", it's
going to cost you both lost revenue and added expense to replace them.
Sure, you owe them a paycheck, and you're willing to pay a little more
these days for honest work. But, what if you could
provide them with additional financial benefits - benefits that they
desperately need in today's environment - and provide those perks at no
cost to you? Wouldn't you look into it, if it meant your hourly employees
were more likely to stay? Sure you would!
Your
Employees Could Use A Little Help
And You Could Be Their Hero - At No Additional Cost To You!
The
sad fact is that most hourly workers in this country live "paycheck to
paycheck". If life throws them a "curve" in the middle of a pay
period, some of them will face significant hardships, and those problems
will become your problems, if employees have to miss work. For instance, if they experience a dead car battery
or flat tire, and they just don't have the money to get back on the road.
Or, an unpaid electric bill, that has to be handled
that day, or else they will get cut off.
Or, a family member needs money desperately for an unforseen expense, such
as a medical or dental procedure. It could be any number of things, but you know darn well that their personal
financial issues often affect their ability to show up for work and perform
as you expect. What if there was a way for them to gain access to needed
funds "in between" paychecks? Well.....that's what is available to
your employees right now, through our partner company, Rellevate, and you don't have to spend a dime extra to
provide that flexibility to them.
Your Competitors are
Providing "Earned Wage Access" As An Additional Benefit Right Now
And Their Employees Love It!
Many of the
companies you compete with daily to attract hourly workers are now
providing their employees with Earned Wage Access (EWA).
It's rapidly becoming a "requirement", as potential hourly employees decide where
they want to work. It provides workers with access to money they have
already earned during a pay period, but prior to the paycheck for that pay
period being received. For some, it determines whether they can get to
work the next day, and for others it's just the peace of mind knowing that
they can get through any rough patches they may encounter. Either way,
hourly employees love the flexibility EWA provides, and
they are actually
making "where to work" decisions, based on which employers offer it. Our
partner, Rellevate, specializes in making this benefit available to
workers through forward-thinking and responsible employers like you.
Look
at this case study of a Dunkin Donuts franchisee, who is providing
this service to their employees now, with tremendous success. And
check out Rellevate's press release about at how the popular footwear company
Crocs is also now partnering with Rellevate to help their employees.
You Can Provide EWA
NOW!
It Doesn't Cost Anything Extra, And You Take NO Financial Risk
"Pay Any-Day" through
Rellevate is ready to help, and they don't charge you, the employer, a
single dime. Rellevate is one of the most forward-looking FinTech
companies in the world, started by some of the most senior executives in
the money transfer industry, including the former President of Western
Union. Relax - you won't change the way you pay your employees, except to
"direct deposit" employee pay to the employee's Rellevate
digital bank account at
the end of the pay period. You simply report time and attendance for
your employees each day to
your payroll company (like ADP or others), the same as always, and
Rellevate handles everything else. You
actually save money, because now you're not cutting paper paychecks
for those employees who sign up with Rellevate (it's optional, of course, but notice
the 95% conversion rate with the Dunkin
franchisee).
Rellevate gives your employees access to 50% of what they have
already earned
(daily if necessary), and then puts the rest into their bank accounts on
"pay day". It's not a loan, it's an advance, but your employees can get
cash in their hands, or pay bills instantly, if they need it. I'm sure your have a lot of
questions.
Check out this short (two-minute) overview, and also
look at these FAQ's your employees might have.
Then let's
talk!
Let's Get Started!
Provide EWA To Your Employees Now...They'll Thank You From Now On...Because
They Will Stay With You!
If
you are ready to find out just how painless this is, and how much your
employees are going to thank you for it, let's talk!. Go here to provide us your
contact information, and we'll get in touch with you soon. You
really can't lose! This is a great way to attract employees and hold
onto them. Provide EWA now before
your competitor across the street jumps on this first....and your
employees walk out the door to go work for him!
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