C.L. Thomas, Inc., Speedy Stop And Subway Leverage On-demand Pay Benefits To Support Hiring And Employee Retention

Leading gasoline and convenience store chain enables employees to have financial flexibility and freedom, supporting hiring and retaining

Subway among the latest QSRs to implement financial wellness benefit

News provided by

DailyPay

Nov 18, 2021, 11:03 ET

NEW YORK, Nov. 18, 2021 /PRNewswire/ -- DailyPay, the leading provider of on-demand pay: a benefit that allows employees to receive instant access to their earned pay, announced its partnership today with C.L. Thomas, Inc./ Speedy Stop with several Subway franchise locations. Speedy Stop is a leading chain of company-owned and operated gasoline and convenience stores in the south-central and east Texas areas.

Headquartered in Victoria, Texas, C.L. Thomas operates 24 Speedy Stop locations and 660 hourly employees. In addition, C.L. Thomas also operates 6 Subway restaurants, 20 Speedy Stop Kitchen locations, and 11 Speedy Wash Tunnel Car Wash locations at their Speedy Stop locations, employing nearly 700 employees who receive DailyPay benefits.

"At C.L. Thomas, we were looking for an attractive benefit that would support our existing Speedy Stop and Subway employees while attracting prospective talent — that's when we found DailyPay," said Craig Staff, Human Resource Manager at C.L. Thomas, Inc. "DailyPay's ability to allow our Speedy Stop and Subway employees to access their earned pay, instantly, is a game-changer for many of our team members. Our team is happier when they have complete control over their finances."

C.L. Thomas/Speedy Stop has been able to leverage the platform's financial wellness benefit as a hiring and retaining tool in search of hourly employees. Organizations with DailyPay fill open positions 52% faster than organizations that don't offer a daily payment option. Within weeks of enrollment, over 45% of Speedy Stop employees are currently using DailyPay.

"Speedy Stop and Subways are among hundreds of employers nationwide eliminating the biweekly payroll system and as a result, they're able to hire faster and keep their existing employers longer and happier," said Jeanniey Walden, Chief Innovation and Marketing Officer at DailyPay. "Enabling financial wellness among U.S. employees is critical and we're so happy to help partners, like C.L. Thomas, support their employees."

DailyPay is partnered with the majority of Fortune 200 companies that offer on-demand pay and 7 out of 10 of the country's largest quick-service restaurant chains.

About DailyPay
DailyPay, Inc., powered by its industry-leading technology platform, is on a mission to build a new financial system. Partnering with America's best-in-class employers, including Dollar Tree, Berkshire Hathaway, and Adecco, DailyPay is the recognized gold standard in on-demand pay. Through its massive data network, proprietary funding model, and connections into over 6,000 endpoints in the banking system, DailyPay works to ensure that money is always in the right place at the right time for employers, merchants, and financial institutions. DailyPay is building technology and the mindset to reimagine the way money moves, from the moment work starts. DailyPay is headquartered in New York City, with operations based in Minneapolis. For more information, visit www.dailypay.com/press.

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SOURCE DailyPay