Payactiv

FEBRUARY 3, 2022

Mark Feffer: Joining us today is Sabina Bhatia, the chief customer officer of Payactiv. We’re going to talk about Payactiv’s products, how it sees the market, and where it hopes to go, on this addition of PeopleTech. Can you tell me about Payactiv? That is really the essence of what Payactiv is.

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Payactiv

MARCH 7, 2024

Employer-sponsored programs that build employee wellness in these critical areas are good for companies, too. Conversely, poor financial wellness (or programs that fail to make a meaningful impact on employees’ financial health) can cost a 1000-employee company over $240,000 in lost productivity each year.

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Payactiv

JULY 1, 2021

Turnover is costing you exorbitant amounts of money every year and HR departments have been fighting it for decades. The numbers continue to inflate, the need to differentiate yourself from competitors is more important every year, and the cost associated with turnover can debilitate or even cripple a company.

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Payactiv

SEPTEMBER 23, 2021

Of course, a reasonable level of employee turnover can freshen up the team. Here we’ll look at the cost of employee turnover and recommend some practical steps to help managers ensure employees remain loyal to the business. First, let’s explore the costs of excessive employee turnover. The Costs of Employee Turnover.

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Payactiv

OCTOBER 2, 2019

Surveyed users across 209 companies say they are more likely to stay in their job Silicon Valley, Calif., October 2, 2019 — Today at the HR Tech 2019 conference, Payactiv, the leading provider of affordable access to financial services, announced the results of its latest survey on employee retention.

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Payactiv

NOVEMBER 19, 2024

Here are the top 3: Improved Employee Retention Unhappy employees result in high turnover rates. The costs associated with high turnover are expensive (it costs $3,328 to replace a $10/hour retail employee alone). In turn, employee health improves productivity and company success increases.

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Payactiv

JULY 25, 2018

ADP clients who choose to leverage PayActiv will provide their employees access to earned, but unpaid income, up to $500 to address immediate needs without the fear of overdraft fees, late fees or additional debt. It has positively affected our employees’ morale while also serving as a tool for retention.”

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Payactiv

SEPTEMBER 17, 2020

843-981-8898 pr@benefitfocus.com Benefitfocus Adds PayActiv as Financial Wellness Partner On-demand access to earned wages helps improve workplace engagement, recruitment and retention Charleston, S.C. PayActiv is a financial wellness solution offering on-demand access to earned wages for hourly workers. Benefitfocus, Inc.

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Payactiv

MARCH 1, 2021

Hancock Whitney is the first bank in the United States to resell the Earned Wage Access (EWA) program from Payactiv. Starting immediately, Hancock Whitney will include Payactiv as an additional banking solution for its business clients. We are pleased to offer Payactiv to our business clients with 100 or more employees.

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Payactiv

MAY 4, 2016

Research has also found that dealing with personal financial problems can add up to more than 20 hours per month per employee. High Costs of Turnover The costs of turnover are quantifiable and significant. For a mid-sized company of 1,000 employees, with a 10% annual rate of turnover, the annual cost of turnover would be $7.7

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Payactiv

OCTOBER 10, 2024

However, the retail industry is plagued by high turnover rates that exceed the average in other sectors. As of May 2024, the average employee turnover rate in the retail industry was 4.0% So, what’s fueling this high employee turnover in the retail industry, and what can retail employers do about it? compared to 3.4%

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Payactiv

MARCH 30, 2023

Survey Reveals Alarming Lack of Employer Understanding of Financial Wellness Benefits San Jose, March 30, 2023 – Payactiv , Inc., These findings suggest that many companies are missing opportunities to support their employees’ financial wellbeing through innovative benefits programs. Download the full report to learn more.

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Payactiv

MARCH 22, 2022

Employee turnover rates are at an all-time high, which doesn’t bode well for businesses across all industries. In this article, we’ll spend some time understanding the concept of employee turnover, why it happens, and pre-emptive steps you can take to minimize it. What is Employee Turnover? Then, multiply that figure by 100.

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Payactiv

APRIL 14, 2022

It costs your company in customer relations, institutional knowledge, hiring, and recruitment. Here is how you can reduce employee turnover using financial wellness programs: 1. You might also ask your HR benefits specialist to do a workshop, depending on the size of your company. Thus it minimizes the likelihood of turnover.

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Payactiv

MARCH 19, 2021

Turnover Reduction Payactiv users have shown to be more than 30% less likely than non-users to leave a company on average. most Payactiv users are either likely (11.3%) or very likely (73.4%) to recommend their employer to their friends. Showing you care for your employees’ financial health goes a long way.

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Payactiv

JANUARY 16, 2024

Consumers can now sign up for a checking account by phone and transact on the same day. Advances in digital technologies have made it possible for fintech companies to offer a wide range of tools and services that enable employers to provide better financial benefits to their workers.

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Payactiv

JULY 23, 2021

Research from the Harvard Kennedy School of Government concludes that when employees have a low-cost fintech solution to help with short-term small-dollar financial shocks, it materially improves their financial resiliency and health. The post The Top 12 Questions to Ask When Considering an EWA Provider appeared first on Payactiv.

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Payactiv

MAY 4, 2022

Earned Wage Access (EWA), an innovative employee benefit program created by Payactiv, has been gaining attention and traction with each passing year. Todd Baker , a research fellow at the Harvard Kennedy School of Government, conducted a landmark study on the impact of EWA on businesses and their employees. Reduce Staff Turnover.

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Payactiv

APRIL 12, 2022

According to a Gallup study , employee turnover costs US businesses a trillion dollars every year. Thus, there are a trillion reasons for organizations to care about keeping turnover to an absolute minimum. High Employee Turnover Costs Money. Employee Turnover: Soft Costs. Employee Turnover: Hard Costs.

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Payactiv

MARCH 19, 2021

Turnover Reduction Payactiv users have shown to be more than 30% less likely than non-users to leave a company on average. most Payactiv users are either likely (11.3%) or very likely (73.4%) to recommend their employer to their friends. Showing you care for your employees’ financial health goes a long way.

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Payactiv

OCTOBER 17, 2024

In this article, we’ll consider paycheck advances and examine the potential risks they introduce for companies and employees. Risks Employers Face with Paycheck Advances Cash Flow Issues When companies grant paycheck advances, they’re fronting funds their workers haven’t yet earned. Don’t have to be in the office to get paid.

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Payactiv

FEBRUARY 17, 2016

PayActiv Secures $9.2 –Following a successful 2015, PayActiv, FinTech startup, announced that it has secured $9.2 million in financing from investors since the company was seeded by an early stage fund affiliated with SoftBank Capital. .–Following FinTech for ordinary people.

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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

DECEMBER 20, 2023

On-demand pay solutions like Payactiv’s Earned Wage Access helps employees break the cycle, ensuring that they can pay for important expenses without becoming dependent on these forms of credit. Benefits to You No More Salary Advances Some companies allow workers to apply for salary advances every so often to deal with personal emergencies.

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Payactiv

SEPTEMBER 19, 2016

PayActiv’s Financial Wellness Solution Awarded HRE’s Top Products of 2016September 20, 2016 09:00 AM Eastern Standard Time SAN JOSE, Calif.–(BUSINESS Human Resource Executive selected PayActiv due to the impact the free-to-employer service provides in increasing employee retention, recruitment and engagement.

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Payactiv

JULY 1, 2021

Turnover is costing you exorbitant amounts of money every year and HR departments have been fighting it for decades. The numbers continue to inflate, the need to differentiate yourself from competitors is more important every year, and the cost associated with turnover can debilitate or even cripple a company. Costs add up fast.

Hiring Software 52

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Payactiv

APRIL 29, 2024

Comprehensive wellness programs can help companies stand out as desirable employers, giving them a competitive edge in hiring. Greater employee loyalty: Employees who believe their company cares about them feel valued and supported.

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Payactiv

JULY 3, 2023

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. Many companies offer perks like access to a gym to promote physical well-being, but financial well-being is integral to your employees’ well-being and needs to be prioritized.

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Recruiters Lineup

AUGUST 3, 2023

In response, many employers have implemented financial wellness programs in the workplace to help employees improve their financial health, thus making informed decisions about their finances. These wellness programs help employees gain control over their finances, reduce financial stress, and make informed financial decisions.

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Payactiv

MARCH 1, 2022

At Payactiv, we believe that a well-considered, two-pronged hiring process is the way forward. Organizations need to reimagine their recruitment approaches and optimize their retention strategies. Is your industry one with a high turnover rate, such as one that employs hourly workers? The issue is complex and multi-faceted.

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Payactiv

FEBRUARY 1, 2022

On average, shift workers in the US cost companies around $2,660 in excess absenteeism costs every year. Scheduling employees properly can make a huge difference and improve retention, as well as cutting back on absenteeism rates. Payactiv Connect has been developed to solve this problem.

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Payactiv

JULY 5, 2024

Fortunately, more companies are responding with targeted wellness programs designed to address the dire financial challenges their workers face. By providing financial wellness programs, companies can expect higher employee productivity, attendance, engagement, and retention. 7 Steps for Building a Financial Wellness Program 1.

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Payactiv

JUNE 28, 2024

The more valued employees leave your company, the more challenging and expensive recruiting for your business becomes. To avoid high levels of turnover and maintain a happy, motivated, and productive workforce, you need to spot flight-risk employees sooner rather than later.

Hiring Software 52

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Payactiv

DECEMBER 28, 2021

We built this page with you in mind – use it as a learning tool, reference page, and more! This page is set up to give you the latest information on what’s happening in the hiring market right now, as well as the trends restaurants, are facing when it comes to hiring. Fast food and faster turnover. Download Now.

Wage and Hour Training 52

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Payactiv

DECEMBER 28, 2021

We built this page with you in mind – use it as a learning tool, reference page, and more! This page is set up to give you the latest information on what’s happening in the hiring market right now, as well as the trends retailers, are facing when it comes to hiring. Fast food and faster turnover. Download Now.

Wage and Hour Training 52

Wage and Hour Training Industry Hiring Software Retention and Turnover 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. Logistics companies that offer the above benefits simply have a better chance of attracting talented workers. Why Is There a Labor Shortage?

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Hiring Software Employee Benefits Recruiting Software PayActiv 52

Payactiv

MARCH 29, 2022

Payroll costs often represent a company’s greatest expense category, so it’s vital to keep a close eye on your payroll expenditures and manage them carefully. Depending on a worker’s employment type and the nature of the company’s benefits, other payroll costs could include bonuses, tips, commissions, and paid leave.

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