McDonald's franchisee, Ice Age Management, introduces DailyPay in its employee benefits package daily.
Ice Age Management Partners with DailyPay to Boost Employee Benefits and Financial Wellness
Ice Age Management, a leading McDonald's franchisee based in the Carolinas, has announced a partnership with DailyPay, a worktech platform and leader in On-Demand Pay. This collaboration aims to enhance the financial wellbeing of Ice Age Management's quick-service restaurant (QSR) workers by providing them with immediate access to their earned wages and a financial wellness platform.
Laketa Barber, HR Manager at Ice Age Management, emphasizes the importance of employee benefits and growth opportunities. "We are committed to operating 'people first' restaurants," she says. "By partnering with DailyPay, we are giving our QSR workers more financial freedom with On-Demand Pay, which has been shown to increase motivation and productivity."
Research indicates that nearly half of DailyPay users at QSRs become more productive, and over 55% feel more motivated at work due to having access to DailyPay. The financial wellness platform offers tools to help employees save money and work towards their financial goals, contributing to overall financial wellness.
In addition to On-Demand Pay, Ice Age Management offers a range of benefits to its QSR workers. Employees have access to free meals at their restaurants, free uniforms, and educational opportunities with tuition reimbursement. These benefits create a broader supportive environment for employees, complementing the financial benefits provided by DailyPay.
The partnership with DailyPay is expected to support recruitment efforts by offering a competitive advantage in attracting and retaining workers. On a broader industry level, On-Demand Pay solutions like DailyPay reduce employee financial stress, lower absenteeism, and boost employee loyalty, which can further enhance workplace morale.
Younger workers, particularly millennials and Gen Z, prioritize instant pay as a highly valued benefit, making such offerings important for retention and engagement in fast-paced sectors like quick-service restaurants. The financial wellness platform helps workers earn, build, and grow their wealth by giving them choice and control over their earned money.
Ice Age Management, headquartered in Greensboro, NC, owns and operates 46 McDonald's restaurants across North Carolina and South Carolina. This partnership marks a significant step in Ice Age Management's commitment to providing its employees with the best possible working conditions and opportunities for growth.
[1] Ice Age Management Press Release, [Link to Press Release] [2] DailyPay Research, [Link to Research] [3] Fast Company, [Link to Fast Company Article] [4] Forbes, [Link to Forbes Article]
- Ice Age Management, through their partnership with DailyPay, aims to positively impact the business operations and financial wellness of their employees by integrating technology in the form of On-Demand Pay and a comprehensive financial wellness platform.
- The integration of technology-driven solutions like DailyPay's On-Demand Pay and financial wellness platform is crucial for attracting and retaining younger workers in the quick-service restaurant industry, as they prioritize financial freedom and control over their earned wages.
