VICTORIA, Texas — C.L. Thomas Inc., owner and operator of the Speedy Stop chain of gasoline and convenience stores in southcentral and eastern Texas, has partnered with DailyPay, a provider of on-demand pay, a benefit that allows employees to receive instant access to their earnings.
Based in Victoria, Texas, C.L. Thomas has 24 Speedy Stop locations and 660 hourly employees. In addition, C.L. Thomas also operates six Subway restaurants, 20 Speedy Stop Kitchen locations and 11 Speedy Wash Tunnel Car Wash locations at its Speedy Stops, 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. “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, the company said. Within weeks of enrollment, more than 45% of Speedy Stop employees are currently using DailyPay, it said.
“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.”
New York-based DailyPay has partnered with many Fortune 200 companies that offer on-demand pay, as well as seven out of 10 of the country’s largest quick-service restaurant (QSR) chains, it said.
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