Thanks to its partnership with DailyPay, Washington-based Yoke’s Fresh Markets has reported a 34 percent increase in employee tenure among staff who use the on-demand pay method.
On average, employees who use DailyPay stay 31 days longer on the job than those who do not, according to Yoke’s, an employee-owned chain of grocery stores.
Through DailyPay, the employees can access their wages after completing a shift, which allows them to pay bills, invest, spend and save on their own schedules.
“It’s always nice to give our associates an additional benefit that our competitors may not have,” said John Orton, VP of marketing at Yoke’s.
“Also, it’s a benefit that doesn’t cost the company anything – what could be easier.”
Yoke’s provides its employees with opportunities to fulfill their potential and accomplish financial and other goals. Among its benefits, the grocer offers financial literacy programs, 401(k) company match and company equity.
Headquartered in Spokane Valley, Washington, Yoke’s was founded in 1946 by Marshall and Harriet Yoke. Their son, Chuck, incorporated the family business in the 1960s before selling it to employees in 1990.
Since that time, the company has grown to 19 retail locations throughout central and eastern Washington, northern Idaho and western Montana.
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