What is Labor Day, Anyway? Employers Should Consider Benefits to Meet The Moment

August 15, 2024
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More Than a Three-Day Weekend

As summer draws to a close, many Americans look forward to Labor Day as a final long weekend before autumn begins. But beyond barbecues and back-to-school sales, it's important to understand the true significance of this holiday and how it relates to the modern workplace.

The History of Labor Day  

Labor Day originated in the late 19th century, during the height of the Industrial Revolution. As workers faced long hours, unsafe conditions, and low wages, labor unions began to organize strikes and rallies to fight for better treatment. The idea of a "workingmen's holiday" gained traction, and the first Labor Day parade was held in New York City in 1882.

After years of advocacy, Labor Day became a federal holiday in 1894 under President Grover Cleveland. It was set for the first Monday in September, providing workers with a much-needed day of rest and recognition.

A Lasting Legacy

Labor Day serves as a reminder of the struggles and achievements of the American labor movement. It honors the contributions and sacrifices of workers who fought for fundamental rights we now take for granted, such as:

1. The 8-hour workday

2. Weekends off

3. Minimum wage

4. Workplace safety regulations

5. Child labor laws

Beyond its historical significance, Labor Day prompts us to reflect on the value of work and the dignity of all workers. It's a time to appreciate the efforts of employees across all industries who keep our economy running.

Upholding the Commitment

As an employer, Labor Day presents an opportunity to continue to show gratitude for your team's hard work throughout the year. One increasingly popular way to support employees is by offering benefits that encourage financial wellness. For example, earned wage access (EWA) allows workers to access a portion of their earned wages before payday, helping them avoid predatory payday loans or late fees on bills. By providing such tools, employers demonstrate that they care about their workers' overall well-being, not just their on-the-job performance.

Employers find that implementing an EWA program like Tapcheck can be a game-changer in supporting their workforce. Tapcheck is easy to integrate with existing payroll systems and is offered at no cost to the employer. The benefits also extend beyond individual employees, offering the business as whole:

- Improved employee retention

- Enhanced ability to attract talent

- Reduced absenteeism

- Increased overall workplace morale

As we celebrate Labor Day, let's remember its roots in the struggle for workers' rights and use it as an opportunity to build stronger, more supportive workplaces. By valuing our employees and providing them with the tools they need to thrive, we honor the true spirit of this important holiday.

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1000's of companies are using Tapcheck

Our on-demand pay benefit gives you a way to enhance your team’s performance at no cost. Here are a few reasons our clients choose us for Earned Wage Access:

78% OF EMPLOYEES PAY BILLS ON TIME WITH ON-DEMAND PAY
53% OF WORKERS SPEND 3 OR MORE WORK HOURS PER WEEK FOCUSED ON THEIR FINANCIAL CHALLENGES
89% OF EMPLOYEES WOULD WORK LONGER FOR A COMPANY THAT OFFERS ON-DEMAND PAY
49% AVERAGE INCREASE IN EMPLOYEE PRODUCTIVITY
50% REDUCTION IN EMPLOYEE TURNOVER

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