Payactiv

NOVEMBER 2, 2021

This unprecedented seasonal job skills shortage is threatening to thwart their efforts to add a much-needed boost to their bottom lines. In this article, we’ll share some ideas on how you can elevate your seasonal employee value proposition with a few simple steps. Seasonal Job Hiring – a New Paradigm.

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Payactiv

MAY 4, 2023

This webinar examines the importance of financial wellness benefits in improving hiring and retention strategies, with a specific focus on the impact of on-demand pay solutions. Mike brings 17 years of experience working with HR teams of all sizes to identify their key objectives and align them with solutions that drive results.

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Payactiv

MAY 7, 2019

This new partnership will allow participating employers to pay their employees instantly via Visa Direct – No waiting for old-school payday every two weeks. SAN FRANCISCO–(BUSINESS WIRE)–March 07, 2019, Visa (NYSE: V) and PayActiv announced a new agreement that enables real-time 1 access to earned wages disbursed by PayActiv.

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Payactiv

JANUARY 22, 2024

Today, employers must think beyond offering traditional benefits and think outside the box in order to attract and retain employees. Gone are the days when workers were easily swayed by attractive pay packages. In this blog, we’ll consider some aspects of the changing face of payroll.

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Payactiv

JULY 16, 2024

With the talent market more competitive than ever and workplace dynamics continually changing, the hurdles businesses face to hire great candidates have never been higher. Creating a concrete action plan to hone your talent acquisition approach and improve your hiring results isn’t easy. trillion by 2030.

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Immedis

NOVEMBER 5, 2020

Many people struggle to stretch their money from paycheck to paycheck – a recent study found that over half of employees experience trouble covering their expenses between pay periods, while almost a third said an unexpected expense of less than $500 would make them unable to meet other financial obligations. More than 60% of U.S.

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Payactiv

AUGUST 30, 2023

Businesses that take corporate social responsibility seriously and integrate it into their benefits packages can win employee loyalty and develop a market reputation that catches potential hires’ attention. In 2023, many employees opt to work for companies with a solid corporate social responsibility (CSR) strategy.

Employee Benefits 59

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Heyyy HR!

OCTOBER 13, 2024

The way that Subway pays its employees is no different from many companies in the United States (US). Typically, Subway pays their employees every two weeks. Unfortunately, Subway has seen a big decline in their customer-facing employees and their revenue since the 2020 Pandemic.

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Payactiv

JANUARY 31, 2024

All this is keeping employers on their toes when it comes to competing for and retaining high-performing talent. This will give you clarity on what elements of your culture and benefits are essential from your employees’ own perspective. Making information easy to find is a crucial element of today’s recruitment strategies.

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Payactiv

AUGUST 29, 2023

Businesses that take corporate social responsibility seriously and integrate it into their benefits packages can win employee loyalty and develop a market reputation that catches potential hires’ attention. In 2023, many employees opt to work for companies with a solid corporate social responsibility (CSR) strategy.

Employee Benefits 52

Employee Benefits PayActiv Payroll Report 52

Payactiv

AUGUST 29, 2023

Businesses that take corporate social responsibility seriously and integrate it into their benefits packages can win employee loyalty and develop a market reputation that catches potential hires’ attention. In 2023, many employees opt to work for companies with a solid corporate social responsibility (CSR) strategy.

Employee Benefits 52

Employee Benefits PayActiv Payroll Report 52

Payactiv

MARCH 31, 2022

Experts have proposed several solutions to end the labor shortage and, in this article, we’ll focus on how employee benefits can help resolve this problem for companies and consumers alike. This has led many employees, potential candidates, and employers to view the current labor shortage as a negotiation.

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Payactiv

MAY 25, 2021

Masonic Homes was aware that their employees needed more flexibility with the timing of pay and was considering a switch from bi-weekly to weekly payroll. While weekly payroll was an improvement, it was cost prohibitive and complex on the business side. “It Whittaker, Chief Human Resources Office, Masonic Homes of Kentucky.

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Payactiv

SEPTEMBER 20, 2021

Something business owners often lose sight of is that happy employees drive the success of a business. It’s imperative that employers invest in their employees’ financial health and wellness in order to see that same health reflected in their business. Get the whitepaper:

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Payactiv

SEPTEMBER 20, 2021

Something business owners often lose sight of is that happy employees drive the success of a business. It’s imperative that employers invest in their employees’ financial health and wellness in order to see that same health reflected in their business.

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Payactiv

OCTOBER 28, 2021

For decades, many hourly workers drew the short straw in regard to employee benefits packages, not enjoying the same perks as their full-time salaried counterparts. Employers find themselves fundamentally rethinking the way they attract, reward, and retain skilled employees. Benefits Employees Look for Today.

Wage and Hour Training 59

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Payactiv

NOVEMBER 19, 2024

In this article, we’ll explore the concept and mechanics of the Everyday Pay model and outline some of the key benefits it offers both employers and employees. As the name suggests, everyday pay is a payment model where employees are given the option to access the money they’ve already earned on a daily basis. What is Everyday Pay?

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Payactiv

JULY 22, 2022

Payactiv incorporates a range of employee-focused benefits and incentives which may help keep candidates interested in working with your business. Our Earned Wage Access (EWA) allows employees to access their income earlier than payday. Another pull for potential gig-economy employees is the flexibility to get paid every day.

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Payactiv

APRIL 14, 2022

Employee Support in 2021 with Earned Wage Access. Losing a quality employee is painful. It costs your company in customer relations, institutional knowledge, hiring, and recruitment. Employees need more than a high salary, and that is where a financial wellness program comes in. Let’s face it. Engage Workers.

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Payactiv

MAY 21, 2024

Today, employees’ money worries have reached an all-time high, with 86% of workers saying they feel more stressed about their finances than they’ve ever been. In this climate, it’s essential that employers develop comprehensive benefits packages that support their employees’ financial health. Buying or selling a home. Did you know?

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Payactiv

MAY 4, 2022

A persistently tight labor market and continually shrinking workforce mean employers need to get creative in their efforts to find and retain skills. Earned Wage Access (EWA), an innovative employee benefit program created by Payactiv, has been gaining attention and traction with each passing year. What is Earned Wage Access?

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Payactiv

OCTOBER 24, 2022

The Great Resignation continues unabated; currently, one in five employees says they plan to switch jobs next year. A recent study shows the average tenure of a Google employee is only 1.3 years, making them one of the top ten companies where employees don’t want to stay. Top 3 Reasons Workers Quit. Poor Leadership.

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Payactiv

DECEMBER 13, 2023

They’re prioritizing financial wellness benefits that inform, educate, and support employees at every stage of their life journey. They’re exploring how shortening the time between employees performing work and getting paid for it can help advance them toward their financial goals. are stressed about their finances.

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Payactiv

JULY 12, 2022

According to the Financial Health Network, Earned Wage Access – also known as EWA or on-demand pay – “allows employees to safely draw some or all of their earned wages before payday.” of employees who had access to their earned wages indicated that they used the benefit. billion in 2020. What Are the Benefits of Earned Wage Access?

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Payactiv

JUNE 28, 2021

Recent headlines about McDonald’s raising their wages an average of 10% across their workforce is just one example demonstrating the difficulty of hiring in the post-COVID labor squeeze. Payactiv Earned Wage Access (EWA) gives your employees access to their paycheck before payday as long as they’ve worked the hours.

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Payactiv

MAY 2, 2022

In this segment of The Compassionate Capitalist Show™, Karen Rands is joined by Sabina Bhatia, Chief Customer Officer at Payactiv, the champion of Earned Wage Access (EWA) to talk about the impact ‘financial insecurity and well being’ of hourly wage workers have on the profitability and scalability of businesses.

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Payactiv

JANUARY 12, 2021

One way to help your employees is to offer more financial liquidity. On-demand pay is a service that allows employees to receive their payments as and when they like. This is not necessarily best practice because it puts cognitive pressure on employees to take money before payday even if they didn’t need it.

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Payactiv

APRIL 6, 2023

This innovative payroll model departs from antiquated models by allowing employees to access their earned but unpaid wages before their regular payday. Offering employees access to their earned wages and financial wellness tools can improve employee satisfaction and retention. Easier Recruiting.

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Payactiv

OCTOBER 4, 2023

The Rise and Reign of the Gig Economy Recent surveys underscore the prominence of gig-style employment as an attractive alternative to conventional office jobs: · The number of people who report income from platform-based gig work to the IRS has increased in recent years to nearly five million. ·

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Payactiv

APRIL 12, 2022

According to a Gallup study , employee turnover costs US businesses a trillion dollars every year. When measured in monetary terms, the direct costs of replacing an employee can range from one-half to twice their annual salary. High Employee Turnover Costs Money. The Average Cost of Replacing an Employee.

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Payactiv

MAY 17, 2022

Have you ever wondered why most employees are paid biweekly or monthly? The evolution of pay models and practices is an interesting topic, but one that also begs the question: In a digital world with a growing cultural shift towards immediacy, why shouldn’t employees be remunerated for their services promptly? What is Every Day Pay?

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Payactiv

JULY 3, 2023

Offering employees access to on-demand pay empowers them to stretch their earnings and meet their financial wellness goals. 1 in 6 working Americans thinks all employers should offer their employees immediate access to their earned wages, but only 1 in 10 companies currently do so. One way to get there is by embracing on-demand pay.

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Payactiv

AUGUST 24, 2023

skills shortages remain persistently high, forward-looking employers realize that skills are more important than age. Tapping into this potential requires putting the correct leadership, communication, upskilling, and flexible employee benefits and payroll structures in place.

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Payactiv

SEPTEMBER 13, 2021

There are many great benefits to Earned Wage Access, but what is it and how can it benefit your business and your employees? On-demand pay, also known as Earned Wage Access, has grown in demand and is fixing the outdated bi-weekly or monthly payroll cycles by giving people access to their earned wages when they need them. .

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Payactiv

APRIL 13, 2016

Return to Blog Home HR Strategy for Corporate Financial Wellness Programs By Sabina Bhatia on April 13, 2016 --> The American economy continues to struggle and employees across all socioeconomic classes need help to meet ordinary recurring expenses. What Is a Financial Wellness Program for Businesses?

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Payactiv

SEPTEMBER 6, 2022

The Great Resignation continues unabated; currently, one in five employees says they plan to switch jobs next year. A recent study shows the average tenure of a Google employee is only 1.3 years, making them one of the top ten companies where employees don’t want to stay. 3 Reasons Why Workers Quit. Poor Leadership.

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Payactiv

JANUARY 31, 2017

Before my current tenure with Silicon Valley FinTech company PayActiv, I spent 20 years in a different world. I was a credit analyst on Wall Street, analyzing the financial stress of sub-investment grade companies including investigating investment strategies in companies I believed could provide an attractive return. Was my rent late?

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