DailyPay reviews

3.3

56% would recommend to a friend

(46 total reviews)
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Nelson Chai

42% approve of CEO

50% positive business outlook

Reviews by job title

46 reviews

Reviews about "Compensation"

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3.0
Feb 8, 2022

Mixed bag

Recommend
CEO approval
Business Outlook

Pros

-Industry leading fintech product in high demand. -Fair starting salary and good benefits. -Great boss and leader who elevated my marketability and earnings potential. -Opportunities to take ownership of high impact projects. -Valuable experience as a subject matter expert for all data and analytics requests in the revenue org. -I came across a handful of genuinely good people here.

Cons

-Level of reliance on this role did not align with compensation and title. -Broken processes made it near impossible for this role to function efficiently. -Lack of accountability for poor performance while competent employees were left to fill in gaps. -Very frustrating stalemates between departments in terms of project ownership. -Power imbalance strongly in favor of Sales leadership. -From a data perspective, it seemed near impossible to nail down basic KPIs and build accurate reporting. There was a refusal by many to move away from Google sheets and streamline data collection/processes. Because of that, reporting was rarely reflective of reality. Additionally, this role was expected to single handedly bridge an extremely wide gap between data engineering and non-technical roles.

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DailyPay Response
4y
Thanks for sharing. Here at DailyPay, we value our employees and are committed to supporting every employee personally and professionally. As we scale for rapid growth, we appreciate everyone’s feedback in improving our processes and culture. We encourage you to reach out to peopleops@dailypay.com for any additional feedback.
2.0
Nov 11, 2021
Recommend
CEO approval
Business Outlook

Pros

- Meeting a market need - High growth Seemingly committed to benefits/ flexibility (but this is more talk than action in my experience)...so make sure to ask questions about work/life balance as this varies from team to team. If you are sales-oriented, this may be a good place for you. This is a sales driven organization, NOT a product driven one.

Cons

There is no doubt DailyPay is fitting a need in the market. The current payroll system (typically operating on a bi-weekly schedule) can leave hourly or lower-income workers in a bind when sudden financial needs arise. However, examine the incentives of this kind of product...in order for DailyPay to make $, workers need to be cash poor. That statement may sound black and white, as I know they have other promoted products regarding savings, budgeting, etc. But they make money off of need. At least in their current state. Other cons include: - Not a start up culture, very finance/ investment banking culture given that is where a lot of the leadership started their careers - Competitive environment - Very 'in office' culture, not necessarily covid-conscious policies - Equity/ stock option plans are a black box, try to do your own research and ask good questions before accepting a job here

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DailyPay Response
4y
Thank you for your feedback. Before replying to your comment we shared this with our executives for visibility. It is concerning to us that during your time at DailyPay you did not feel our leadership is not in touch with the rest of the organization. We are passionately committed to listening to colleagues via our Employee Engagement survey which allows colleagues throughout the organization to work on departmental specific improvements. We’ve taken your comments (and others) to heart regarding work/life balance and continue to make culture a top priority at DailyPay and build our organization to ensure we have the right resources in our teams. We’re thrilled to have been named a Newsweek’s 100 Best Places to Work most recently, as well as occupying an ongoing place on the Great Place to Work list. We do appreciate your support of our mission and business focus. You mentioned that people need to be “cash poor” to use DailyPay, however our focus is offer many other features including budgeting and saving that work for everyone. And people who use DailyPay are likely to get a 30% raise within the first 6 months. Exciting! Hopefully you were exposed to our full suite of products while you were on our team. Finally, we always want to hear directly from colleagues, so please reach out to us at peopleops@dailypay.com to share input.
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