Life’s Food LLC Builds Out Suite of Employee Benefits, Including On-Demand Pay, to Boost Hiring and Retention Efforts
July 20, 2022 – Life’s Food LLC, a franchisee of Five Guys, has partnered with DailyPay to provide on-demand pay to its employees. Through this partnership, hundreds of Five Guys employees can now access their pay immediately after completing a shift, providing financial flexibility. With DailyPay, employees can pay bills, spend, save, or invest on their own schedule – eliminating the need to rely on the traditional biweekly payroll cycle.
“We saw the value in partnering with DailyPay as it aligns with our company's purpose–to enrich the lives of our employees and customers. DailyPay fills the void between pay cycles by providing employees the flexibility to access their earned wages at their convenience and it provides tools to educate and increase the financial wellness of our employees, ” said Lori Fleming, Human Resources Manager at Life’s Food LLC dba Five Guys Burgers and Fries. “The implementation process was top-notch and detailed – DailyPay offered an overabundance of educational tools for our managers and employees. We are very excited to offer DailyPay to our employees.”
In addition to implementing on-demand pay, Life’s Food LLC offers its employees a suite of benefits including free virtual medical care, paid time off, career development opportunities, 401(k) match, among other essential benefits.
This partnership comes at a critical time as quick-service restaurant (QSR) employers struggle to find talent amid the ongoing talent shortage sweeping the nation. According to DailyPay research, employers who offer DailyPay recruit and fill open positions in half the time (52% faster) than those who do not offer an on-demand pay benefit.
Life’s Food LLC operates 23 Five Guys locations across North Carolina, South Carolina and Tennessee. They are among the latest QSR employer to implement daily pay benefits for their hourly employees.
DailyPay, Inc., powered by its industry-leading technology platform, is on a mission to build a new financial system. Partnering with America's best-in-class employers, including Dollar Tree and Adecco, DailyPay is the recognized gold standard in on-demand pay. Through its massive data network, proprietary funding model, and connections into over 6,000 endpoints in the banking system, DailyPay works to ensure that money is always in the right place at the right time for employers, merchants, and financial institutions. DailyPay is building technology and the mindset to reimagine the way money moves, from the moment work starts. DailyPay is headquartered in New York City, with operations based in Minneapolis. For more information, visit www.dailypay.com/press.