Virginia-based senior living and rehabilitation provider Friendship has implemented DailyPay, a voluntary benefit for employees that allows instant access to earned wages.
“Our mission is ‘supporting friends by providing peace of mind’ and one way we, as an organization, can do that is to help our team members be able to meet the immediate financial needs they have, instead of them having to use third-party predatory lenders that end up costing more in the long run,” said Friendship President and CEO Joe Hoff.
Friendship is the first in the healthcare industry within the region to offer this benefit, though others have promoted similar concepts and tools to provide at least partial payment.
“It’s a competitive job market we’re in and quality job seekers are savvy. They are looking for more than just an acceptable hourly rate,” said Angela Hughes, Friendship’s vice president of human resources and corporate compliance. “In addition to conducting regular wage assessments, our team continues to seek and implement benefits and offerings that continue to make Friendship the best place to work.”