Investment Opportunity in Dayforce

$Dayforce Inc (DAY.CA)$ $Dayforce (DAY.US)$ Dayforce provides payroll and human capital management solutions, which essentially means pay staff money and manages the working shifts. Both are essential to the operations of small businesses.

$Dayforce Inc (DAY.CA)$ circumvents these drawbacks by managing the working shifts in the mobile app platform. The staff is able to check in and check out through the mobile app. The employer can confirm the check-in procedure by obtaining the staff's location at the time of check-in. The employee can publish their availability, discuss the working shifts, ask for leave or trade working shifts with other employees in the app. Then, the working hours of each employee is obtained by the mobile app. Using the working hours and the hourly rate of the employee, the mobile app is able to calculate the employee's pay automatically and the employee is able to know their expected payment in real-time. Finally, the payroll management is automatically handled by the mobile app.

The advantage of $Dayforce Inc (DAY.CA)$ is that it is cheap and easy to use, while the disadvantage of $Dayforce Inc (DAY.CA)$ is that it can not handle sophisticated payroll or sophisticated human captial management. Big firms usually both hire an entire team and hire an external team of consultants to deal with these. However, the productivity of north America countries continues to drop and big firms have been doing massive lay-off. The staff laid-off by big companies go to the small business. New immigrant opens small business, which is relatively easy to start, and needs payroll/working shift management solutions.