Remove Background screening Remove PayActiv Remove Retirement
article thumbnail

Why Hospitality Workers Walk Away: Addressing the Root Causes of Turnover

Payactiv

Current Employee Turnover Rates in the Hospitality Industry New research recently found that 41% of frontline workers have changed jobs in the past year—this statistic rises to more than half for hospitality workers in bars, restaurants, and hotels. These jobs often help them to pay their bills while they’re in school or college. Gig workers.

article thumbnail

Building a Resilient Healthcare Workforce through Financial Wellness Programs

Payactiv

Besides burnout, many healthcare professionals are nearing retirement age , which will intensify the sector’s staffing crisis. After all, your healthcare workers probably span a wide range of ages, incomes, asset levels, and cultural backgrounds. Healthcare is one of the fastest-growing sectors in the U.S.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

A Brief on Employee Experience vs. Employee Engagement

Payactiv

To set your employees up for success, you need to give them access to the correct information, resources, and people. This individual serves as an informal sounding board and paves the way for the new hire to integrate socially into their team and the larger organization. Effective onboarding is important for several reasons.

article thumbnail

The Cost of Replacing an Employee In Business

Payactiv

Some retire or move to another part of the country. These costs can include the man-hours that your internal recruiter puts into the candidate search (writing job descriptions, screening resumes, scheduling and attending interviews, and doing background and reference checks, to name a few).

article thumbnail

What Does an Aging Workforce Need?

Payactiv

While many employees decide to work beyond the average retirement age to continue to enjoy the pay and benefits of their job, as well as the intellectual stimulation and sense of accomplishment it gives them, others may be working longer out of necessity. Some experience discrimination in the application and screening process.

article thumbnail

Good Cents Ep. 11: Athena Lent on “Unique Financial Challenges Facing the Latinx Community”

Payactiv

We’ll discuss the systemic issues facing Latinx people, particularly Latina women, and how alternative banking solutions like Payactiv can help lift people out of poverty by offering free tools, financial support, education, and protection from fee snowballs. Welcome back to the Payactiv Podcast. Welcome back to the Payactiv Podcast.

article thumbnail

Cost of Replacing Employees In Business

Payactiv

Some retire or move to another part of the country. These costs can include the man-hours that your internal recruiter puts into the candidate search (writing job descriptions, screening resumes, scheduling and attending interviews, and doing background and reference checks, to name a few.). Low Morale. Recruitment Costs.