4M Building Solutions partners with DailyPay to reduce turnover rates for commercial janitorial employees
— Karina Villasenor, Vice President of Human Resources at 4M
NEW YORK, USA, Oct. 18, 2022 /EINPresswire.com/ — 4M Building Solutions (4M), a privately held commercial janitorial services company, has partnered with leading on-demand payment provider DailyPay to help reduce turnover. Through this partnership, 4M team members nationwide have enjoyed financial flexibility with DailyPay’s pay-as-you-go benefit allowing them to access their pay as they go. they earn, giving them the ability to pay bills, save, spend, and invest on their own schedule.
Employee turnover in the commercial cleaning industry is as high as 400% per year, according to 4M. In an effort to reduce turnover and increase retention, 4M has implemented a suite of innovative and creative benefits, including on-demand compensation benefits for its team members.
Since partnering with DailyPay in February 2021, 37.4% of 4M team members have signed up for DailyPay. According to a recent user data survey conducted by DailyPay in June 2022, 80% of respondents who work at 4M said DailyPay helps reduce their financial stress.
“At 4M, the needs of our team members are a top priority,” said Karina Villasenor, vice president of human resources at 4M. “DailyPay’s on-demand payment is one of the unique benefits we offer to retain, reward and provide financial flexibility to our exceptional team members.”
A report by Mercator Advisory Group, commissioned by DailyPay, indicated that employee seniority in some industries that offer DailyPay has improved by up to 73%.