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How Payactiv Can Boost Satisfaction and Retention for Employees

Payactiv

Companies using financial wellness benefits provided by Payactiv report increased retention rates and reduced business turnover by 30% on average, and 81% of employees say they’re more likely to stay with their current employer because of these benefits. They don’t see the value in using an employer-sponsored retirement plan.

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5 Strategies for Supporting Senior Care Workers

Payactiv

Given their limited budgets, the option of increasing salaries and offering comprehensive insurance and retirement benefits isn’t a feasible one for many employers in this sector. With an app such as that offered by Payactiv, senior care workers can view the company’s shift schedule online, which makes picking up or swapping shifts easy.

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5 Financial Wellness Benefits Your Employees Want Most in 2024

Payactiv

According to PwC’s 2023 Employee Financial Wellness Survey , the use of financial wellness benefits like coaching, workshops or webinars, and online tools continues to grow: In 2012, just 51% of those who said their employer offered financial wellness services had used them, but now 68% report using the services their employers provide.

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How to Launch a Financial Wellness Program in 7 Steps

Payactiv

As a result, their focus is skewed toward financial topics like planning for retirement or refinancing a home loan. Entry-level hires who are fresh out of college probably care more about their student debt than retirement savings. Baby Boomer employees are probably most concerned about managing their assets throughout retirement.

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5 Essential Money Tips for Young Adults

Payactiv

Track your spending: If you link your bank account to your Payactiv account , you can access your tracked spending in our app. Long-term goals include saving for a home down payment or investing for retirement. Alternatively, let Payactiv find the cheapest car insurance rate for you when you download the free Payactiv app 1.

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Spring Cleaning Your Employee Benefit Options

Payactiv

Systems like Payactiv Connect make it easy for employers to grant their hourly workers access to their shift management system using their smartphones. In some cases, a lack of emergency savings is forcing employees to withdraw from retirement accounts to cover unexpected expenses like medical bills or home repairs.

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Honoring Our Heroes: Financial Tips for Veterans and Active Military Members

Payactiv

Payactiv honors your service and sacrifice with tools to help you reach the financial success you deserve. Fortunately, tools like SmartSave on the Payactiv App 1 can help you break down your savings goal into manageable, reasonable chunks. Payactiv members get access to free financial coaching from experienced financial counselors.