Case Study: Stonebriar Auto Services boosts employee retention with Tapcheck on-demand pay

Stonebriar Auto Services boosts retention 93% with Tapcheck Inc.

Stonebriar Auto Services, a Jiffy Lube franchisee with 100 locations, was grappling with a high annual turnover rate of 46% among its automotive technicians. The primary challenge was that financial strain caused by the gap between paydays was contributing to employees leaving, with some being forced to use costly check-cashing services. To combat this, the company sought a financial wellness solution from the vendor Tapcheck.

Tapcheck implemented its on-demand pay service, which integrated seamlessly with Stonebriar's existing isolved payroll system. The solution was cost-free for the employer and provided employees with early access to their earned wages. The results were significant, as data from Tapcheck showed employees using the service were nearly twice as likely to stay with the company. This contributed to a 93% increase in tenure for users, and in total, over $7.6 million in early wages were provided to Stonebriar's employees.

Stonebriar Auto Services