Honeygrow to Add Daily Pay Benefit

Fast-casual concept honeygrow is adding an on-demand pay benefit with DailyPay.

The restaurant employees can now access their earned pay after completing a shift. Ultimately, DailyPay's benefit allows employees to access their pay as they earn it, eliminating the need for payday loans and overdraft fees.

"Customers have many choices in the QSR and fast-casual space. The strength of a restaurant's employees is a primary differentiator when making that choice," said Justin Rosenberg, Founder and CEO honeygrow. "We want our team to be happy and set up for success. As we've seen folks positively react to the idea of on-demand pay, DailyPay simply made sense."

A survey conducted by DailyPay found that 85% of those who use a daily pay benefit claim that it enables them to budget and pay large monthly bills like rent, utilities and car payments.

Founded in Philadelphia, honeygrow is an emerging, fast-casual restaurant with 29 locations throughout Delaware, Maryland, Massachusetts, New Jersey, New York, Pennsylvania and Virginia. The company will utilize DailyPay as a financial wellness benefit for its employees. 

honeygrow is among the latest QSRs to implement DailyPay. In doing so, honeygrow can remain competitive in attracting and retaining skilled talent. DailyPay's survey found that employers who provide on-demand pay through DailyPay are able to recruit and fill open positions in half the time (52%). The survey also found that 74% of DailyPay users say having access to their earned income has helped reduce their financial stress, making them more productive at work.