REWARD by DailyPay is a comprehensive spot bonus solution designed to recognize and reward employees in real-time. It leverages the power of on-demand pay to improve retention, increase employee engagement, and motivate positive business behaviors. The platform allows employers to create targeted recognition programs, send same-day cash bonuses, and strengthen relationships between employees and management.

Key Features

Real-Time Digital Spot Bonuses Instantly reward employees with same-day cash bonuses

• Strengthens the connection between work and reward
• Encourages employee productivity

Customizable Recognition Programs Create targeted campaigns to motivate specific behaviors

• Flexible budgeting and permissions
• Two-way messaging for personalized notes

Performance Tracking Comprehensive reporting tools for managers

• Track reward disbursements and redemptions
• Measure program performance and impact

Benefits

Improved Employee Retention Reduce turnover rates through recognition culture

• Companies with recognition programs have 31% lower employee turnover
• Employees are 56% less likely to look for a new job when appreciated

Enhanced Employee Engagement Motivate employees to perform better and take on additional responsibilities

• Encourage behaviors like picking up extra shifts or completing training
• Strengthen relationships between employees and management

Increased Management Effectiveness Empower managers to recognize and reward their team members

• 52.5% of employees desire more recognition from immediate managers
• Scalable system allows all levels of management to participate