Hiring Alert: Why Restaurant Workers are Demanding On-Demand PaymentsHiring Alert: Why Restaurant Workers are Demanding On-Demand Payments

Restaurants nationwide are grappling with unprecedented recruiting challenges,¹ as the surge in demand for hourly workers continues unabated. Many restaurants are offering higher wages and huge sign-on bonuses just to compete,² but workers are looking at more than just wage rates.

At the same time, financial stress, which directly affects workforce performance and retention, is at all-time highs.³

It’s clear people need better support from their employers to work toward better financial stability. Earned wage access can help increase employee engagement and positively impact employee productivity and health.⁴ In fact, 95% of employees are interested in working for an employer who provides earned wage access.⁵

Learn how to implement an earned wage access program. And, Netspend SVP Andy Garner and VP Dave Hill will also share:

Sponsored by

Speakers:

Andy Garner
Netspend Senior Vice President and General Manager, Business Partnerships
 

Dave Hill
Netspend Vice President, Commercial Product Solutions

Sources:

1 Baltimore Business Journal, “Restaurant roundup: A deep dive into restaurant hiring challenges”, July 2021 
https://www.bizjournals.com/baltimore/news/2021/07/02/restaurant-roundup-hiring-challenges-deep-dive.html 

2 CNBC, “Labor shortage gives retail and restaurant workers the upper hand—for now”, August 2021
https://www.cnbc.com/2021/08/11/labor-shortage-gives-retail-and-restaurant-workers-the-upper-hand.html

3 Netspend, “The Restaurant Recovery: Three Pandemic Trends-Turned-Opportunities”, April 2021, Page 3
https://www2.e4.netspend.com/l/533722/2021-04-09/h4ygm8 

4 Visa, “Earned Wage Access”, 2019
https://usa.visa.com/dam/VCOM/global/run-your-business/documents/visa-earned-wage-access-insights-report.pdf

5 Visa, “Earned Wage Access”, 2019
https://usa.visa.com/dam/VCOM/global/run-your-business/documents/visa-earned-wage-access-insights-report.pdf