DailyPay Platform
Small Business 
Cycle
Tips 
Perks 
The federal government’s ongoing struggle to recruit and retain talent for cybersecurity positions has come into the spotlight.
Recently, the VA CIO emphasized the severe impact of budget and workforce shortages on cybersecurity efforts.1 This sentiment resonates across the federal government, where agencies struggle to compete with the private sector for top cybersecurity talent.
Despite recent grant programs designed to bolster tech talent at the federal level2, there’s still a talent shortage which can lead to potential vulnerabilities as we saw highlighted by the VA.
Many government agencies still continue to struggle with budget constraints and talent shortages that impact their ability to adequately respond to these cybersecurity threats. This ongoing challenge calls for innovative solutions beyond traditional recruitment and retention strategies.
How Can Federal Agencies Address This Workforce Shortage?
Traditional recruitment and retention strategies are falling short in the public sector, but innovative solutions like earned wage access (EWA) offer a promising way forward at no cost to employers.
With financial wellness benefits backed by EWA, federal government agencies can attract and retain top talent to diminish the gap and ensure they are equipped to face cybersecurity threats head on.
EWA provides employees access to their earned wages before their scheduled payday. This financial flexibility can make a significant difference in the lives of federal workers, helping them manage unexpected expenses and avoid costly, predatory payday loans.
Why Federal Agencies Should Make EWA Part of Their Total Rewards Package
EWA presents a no-cost benefit with minimal implementation and upkeep work for the public sector.
- Attract Top Talent: EWA is a sought-after benefit that can differentiate federal agencies in a competitive job market.
- Improve Retention: By reducing financial stress, adding new benefits like EWA can improve employee morale and loyalty, leading to higher retention rates.
- No Cost to Agencies: EWA comes at no implementation or support cost to agencies making EWA no cost to the employer.
Federal agencies must embrace innovative solutions like EWA to address the cybersecurity talent gap. By offering this valuable benefit, agencies can strengthen their recruitment and retention efforts, ultimately bolstering our nation’s cyber defenses.
To learn more about how EWA can enhance benefit offerings for the federal government, check out our Total Rewards Program Guide. In this guide you’ll discover how EWA can reshape your rewards program to modernize benefits and improve employee well-being.
All information herein is for educational purposes only and should not be relied upon for any other use. The information herein does not constitute the rendering of financial advice or other professional advice by DailyPay. No fiduciary obligation or duty exists, or is created, between you and DailyPay. DailyPay does not warrant the completeness or accuracy of any information provided to you.
