BJ's Restaurant and Brewhouse, Inc.® Partners With DailyPay To Provide a Critical Financial Wellness Benefit to its Team Members

Rhea-AI Summary

BJ's Restaurants, Inc. (NASDAQ: BJRI) announced a partnership with DailyPay to offer on-demand pay to its team members, enhancing their financial wellness. This benefit allows employees to access their earned wages immediately after shifts, improving budgeting capabilities, as reported by 85% of users. BJ's aims to remain competitive in the job market, as restaurants with such benefits reportedly hire twice as fast. The partnership underscores BJ's commitment to its workforce of over 22,000 employees across 214 restaurants in 29 states.

Positive

• Partnership with DailyPay enhances financial wellness for BJ's employees.
• Employees can access earned wages immediately after shifts, improving budgeting.
• BJ's aims to remain competitive in the hiring market, which is beneficial for staffing.

Negative

• None.

BJ's Looks to Gain Competitive Edge Over the Competition in Hiring and Retention With Highly Sought-After Benefit

NEW YORK, Aug. 11, 2022 /PRNewswire/ -- BJ's Restaurants, Inc. (NASDAQ: BJRI), a national restaurant brand and pioneer in the craft brewing world, today announced its partnership with DailyPay, the leading provider of on-demand pay.

Headquartered in Huntington Beach, California, BJ's Restaurants, Inc. ("BJ's") owns and operates 214 casual dining restaurants across 29 states. By offering DailyPay as a benefit, BJ's team members can now access their pay immediately after completing a shift, enabling them to pay bills, save, spend, or invest on their own schedule.

"At BJ's Restaurant & Brewhouse, we're committed to offering an exceptional culture for our more than 22,000 valued team members," said Jake Guild, Senior Vice President and Chief Accounting Officer, BJ's Restaurant and Brewhouse, Inc. "Having the ability to access pay on demand is a game-changer for our team members, who take great care of our guests every day. We are proud to be the first U.S. restaurant brand to roll out this innovative and easy-to-use pay system nationwide."

According to DailyPay's Job Satisfaction Index, restaurants saw one of the highest hiring rates of all industries tracked (26%). The partnership allows BJ's to remain competitive on the job market. According to a survey conducted by DailyPay, employers are able to hire up to 2x faster than those who don't offer an on-demand pay benefit. For employees, 85% of users said DailyPay makes them more able to budget.

About BJ's Restaurants, Inc.

BJ's Restaurants, Inc. ("BJ's") is a national brand with brewhouse roots where Craft Matters®. BJ's broad menu has something for everyone: slow-roasted entrees, like prime rib, BJ's EnLIGHTened Entrees® including Cherry Chipotle Glazed Salmon, signature deep-dish pizza and the often imitated, but never replicated world-famous Pizookie® dessert. BJ's has been a pioneer in the craft brewing world since 1996 and takes pride in serving BJ's award-winning proprietary handcrafted beers, brewed at its brewing operations in five states and by independent third-party craft brewers. The BJ's experience offers high-quality ingredients, bold flavors, moderate prices, sincere service and a cool, contemporary atmosphere. Founded in 1978, BJ's owns and operates 214 casual dining restaurants in 29 states. All restaurants offer dine-in, take-out, delivery and large-party catering. For more BJ's information, visit http://www.bjsrestaurants.com.

About DailyPay

DailyPay, Inc., powered by its industry-innovator technology platform, is on a mission to build a new financial system. Partnering with America's best-in-class employers, including Dollar Tree and Adecco, DailyPay is the industry leader 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.

Media Contacts
David Schwarz
Email: david.schwarz@dailypay.com

Adriana Ball
Email: adriana.ball@dailypay.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/bjs-restaurant-and-brewhouse-inc-partners-with-dailypay-to-provide-a-critical-financial-wellness-benefit-to-its-team-members-301604128.html

SOURCE DailyPay

FAQ

What benefits does BJ's Restaurants offer to its employees?

BJ's Restaurants now offers on-demand pay through a partnership with DailyPay, allowing employees to access their pay immediately after shifts.

How does the partnership with DailyPay benefit BJ's Restaurants?

The partnership allows BJ's to remain competitive in hiring by offering on-demand pay, which helps attract and retain employees.

When did BJ's Restaurants announce its partnership with DailyPay?

BJ's Restaurants announced its partnership with DailyPay on August 11, 2022.

How many restaurants does BJ's operate?

BJ's Restaurants operates 214 casual dining restaurants across 29 states.

What is the stock symbol for BJ's Restaurants, Inc.?

The stock symbol for BJ's Restaurants, Inc. is BJRI.