Dayforce Delivers Dayforce® Flex Work

Rhea-AI Summary

Dayforce has launched Dayforce Flex Work in the United States, a marketplace for organizations to augment their workforce with flexible, vetted W-2 talent. Flex Work helps companies address fluctuating labor demands by offering a seamless platform to post open shifts and hire skilled workers quickly. It manages background checks, onboarding, and payroll, reducing administrative burdens. This solution aims to democratize the gig economy, particularly benefiting sectors like retail, hospitality, and manufacturing. Flex Work allows workers to find shifts, build schedules, and get paid the same day via Dayforce Wallet.

Positive

• Flex Work offers a solution to fluctuating labor demands, attracting organizations seeking flexible staffing options.
• Reduces administrative burdens by handling background checks, onboarding, and payroll.
• Provides employers with a vetted pool of W-2 talent, accelerating staffing needs with faster onboarding and less training.
• Expands the talent pool to include gig, alumni, retired, and seasonal workers, reducing sourcing and verification costs.
• Democratizes the gig economy, allowing diverse sectors to participate.
• Workers benefit from traditional employee advantages and same-day pay via Dayforce Wallet.

Negative

• The implementation of Flex Work may face initial resistance from organizations accustomed to traditional labor planning and scheduling methods.
• Potential risks in the quality and reliability of contingent workers despite vetting processes.
• Flex Work's success is contingent on the adoption rate by both employers and workers, which may vary across different regions and industries.

Flex Work unlocks the value of the contingent workforce

MINNEAPOLIS and TORONTO, May 22, 2024 (GLOBE NEWSWIRE) -- Dayforce, Inc. (NYSE: DAY; TSX: DAY), a global human capital management (HCM) leader that makes work life better, today announced the award-winning Dayforce^® Flex Work is available to organizations in the United States. Flex Work is an on-demand marketplace that helps organizations augment their workforce with flexible talent – quickly, simply, and compliantly – to address fluctuating labor demands.

Flexibility is the currency of today’s workforce with 52 percent of workers globally ranking flexibility as an attribute they value most in a job. Yet many existing labor planning practices, schedules, and technology solutions aren’t designed to support the realities of the current environment.

With Flex Work, organizations can post open shifts and scale their workforce by selecting from a pool of skilled and flexible workers – all within a single platform. By filling schedule and skills gaps with vetted, W-2 talent, employers can accelerate their staffing needs with faster onboarding and less training. Flex Work manages background checks, onboarding, and payroll – giving employers peace of mind and reducing administrative burden. Organizations can benefit from an expanded talent pool, including gig, alumni, retired, and seasonal workers, while reducing their sourcing, onboarding, and verification costs.

“There is a clear, critical need to remove friction between how organizations operate and how people want to work,” said Erik Zimmer, Executive Vice President, Strategic Ventures, Dayforce, Inc. “By smoothly connecting organizations and workers, we’re transforming this labor dynamic for the better – while fueling a flexible, boundless workforce for the benefit of our customers and today's flex workers.”

Flex Work is democratizing the gig economy and removing barriers, giving more diverse sectors – like retail, hospitality, manufacturing, and beyond – the ability to participate. Workers can easily find local shifts, build their schedules, and get paid on the same day with Dayforce Wallet.

"Companies must balance labor shortages and shifting market demands while providing workers with the flexibility and consistency they desire,” said Melody Brue, Vice President and Principal Analyst, Moor Insights & Strategy. “An on-demand marketplace like Flex Work can help companies place vetted workers in jobs that align with their skills and profiles – on a timeline that is a win for both parties. And with a W-2 model, Flex Work disrupts the usual gig economy compensation structure by providing workers with traditional employee advantages while gaining access to earnings after each shift through Dayforce Wallet."

To learn more:

• Visit Flex Work: https://www.dayforce.com/how-we-help/dayforce/flex-work-on-demand-staffing
• Read about Flex Work: https://www.dayforce.com/blog/flexwork-your-contingent-workforce-solution
• Read recent award wins: Top HR Tech Products of the Year by HR Executive; Stratus Award for Cloud Computing by Business Intelligence Group
  

About Dayforce
Dayforce makes work life better. Everything we do as a global leader in HCM technology is focused on improving work for thousands of customers and millions of employees around the world. Our single, global people platform for HR, payroll, talent, workforce management, and benefits equips Dayforce customers to unlock their full workforce potential and operate with confidence. To learn how Dayforce helps create quantifiable value for organizations of all sizes and industries, visit dayforce.com.  

Forward-Looking Statement and Risk Factors
This press release contains forward-looking statements that involve a number of risks and uncertainties. Statements that are not historical facts, including statements regarding the impact of the availability of Dayforce Flex Work to organizations in the United States, and our expectations, hopes, intentions, or strategies regarding the future are forward-looking statements. Forward-looking statements are based on management's beliefs, as well as assumptions made by, and information currently available to, management. Because such statements are based on expectations as to the future and are not statements of fact, actual results may differ materially from those projected. These forward-looking statements are not guarantees of future performance and speak only as of the date hereof, and, except as required by law, we undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

This press release should be read in conjunction with the risks detailed in the “Cautionary Note Regarding Forward-Looking Information”, “Forward-Looking Statement”, “Risk Factors”, and other sections of Dayforce’s Quarterly Reports on Form 10-Q, Annual Reports on Form 10-K and other reports we file with the Securities and Exchange Commission. Copies of reports filed with the Securities and Exchange Commission are posted on our website and are available from us without charge.

Media Contact
Allison Hacker
+1 425-785-8276
allison.hacker@dayforce.com

FAQ

What is Dayforce Flex Work?

Dayforce Flex Work is an on-demand marketplace that helps organizations enhance their workforce with flexible, vetted W-2 talent to address fluctuating labor demands.

When was Dayforce Flex Work launched?

Dayforce Flex Work was launched in the United States on May 22, 2024.

How does Dayforce Flex Work benefit employers?

Dayforce Flex Work helps employers by reducing administrative burdens, accelerating staffing needs with faster onboarding, and offering a vetted pool of flexible workers.

What sectors can benefit from Dayforce Flex Work?

Sectors like retail, hospitality, manufacturing, and more can benefit from Dayforce Flex Work.

How do workers benefit from Dayforce Flex Work?

Workers can find local shifts, build their schedules, and get paid the same day through Dayforce Wallet, enjoying traditional employee advantages.

What makes Dayforce Flex Work different from other gig economy platforms?

Unlike typical gig economy platforms, Dayforce Flex Work uses a W-2 model, providing workers with traditional employee benefits and same-day earnings via Dayforce Wallet.