Fazoli’s DailyPay Option Provides Additional Support During Difficult Times
America’s largest premium QSR Italian chain sees 42% enrollment since launch
The brand known for serving up premium Italian dishes at a great value teamed up with DailyPay, a leading non-traditional payroll services provider, to allow hourly team members at all company-owned locations to access their earned wages on either the same day or next day. To opt into DailyPay, Fazoli’s associates simply download the App and sign up. There is no cost to enroll and no other charges unless the service is used.
“Many people in the service industry have been severely impacted by the pandemic,” said Fazoli’s Vice President of Human Resources Dave Craig. “At Fazoli's, we were fortunate to remain open for business throughout, but many of our team members had family who lost jobs or had hours reduced and found themselves in need of cash to pay bills on time, purchase food or cover medical expenses. Payday loan providers can charge up to 18-22% interest rates for cash advances, but DailyPay enables us to get earned wages to our team members quickly at a fraction of the cost. It’s a simple and convenient way for us to support our Fazoli’s family.”
In just six weeks since launching DailyPay, 42% of eligible team members have enrolled. At the current rate of use, the iconic Italian brand estimates its team members will receive cash advances in the upcoming year totaling $800,000. So far, individuals have been using the service for day-to-day necessities, with 20% of cash advances going toward paying bills, 17% spent on transportation and 15% used on food.
For more information, visit fazolis.com.
Founded in 1988 in Lexington, Ky., Fazoli's owns and operates nearly 220 restaurants in 28 states, making it the largest premium QSR Italian chain in America. Fazoli’s prides itself on serving premium quality Italian food, fast, fresh and friendly. Menu offerings include freshly prepared pasta entrees, Submarinos® sandwiches, salads, pizza and desserts – along with its unlimited signature breadsticks. Fazoli’s is a winner of FastCasual and Steritech’s 2020 Excellence in Food Safety Award and was named one of the “Top 200 Franchises in 2020” by Franchise Business Review, a FastCasual “Brand of the Year,” and an Entrepreneur 2018 “Franchise 500.” CEO Carl Howard was named among the most influential restaurant CEOs in the country in 2020 by Nation’s Restaurant News, was recognized as one of the top 25 industry leaders on FastCasual’s 2020 Top 100 Movers and Shakers list, and he and his team were recipients of the 2020 American Business Awards Gold Stevie Awards in Food & Beverage for Company of the Year, Achievement in Management and Human Resources Team of the Year.
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