Payactiv

MARCH 1, 2022

If you’ve had to dust off your “We’re Hiring!” Employers are concerned about their ability to deliver value propositions that satisfy employees and a subsequent inability to retain and recruit talent. At Payactiv, we believe that a well-considered, two-pronged hiring process is the way forward.

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Payactiv

MARCH 7, 2024

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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Payactiv

APRIL 2, 2024

This National Employee Benefits Day, let’s consider why employee benefits matter and how you can improve your offerings to boost your recruitment efforts and make your people happier and more productive. For example, millions of workers use Payactiv’s Earned Wage Access solution to access their earned wages in a flexible, timely manner.

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Payactiv

JULY 8, 2022

Some 73% of CEOs in the manufacturing industry say hiring challenges are impacting their ability to operate their business at full capacity, according to a recent Vistage CEO Confidence Index survey. Commit to Equity and Diversity. It makes sense, then, that diversity is taken into account during your entire recruiting process.

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Payactiv

MARCH 27, 2024

Employees in this category may lack job security; their incomes are often volatile, and they generally don’t enjoy employer-provided benefits such as health insurance or a retirement plan. Many find it difficult to deal with an emergency or may end up entering retirement without adequate savings or even finding themselves unable to retire.

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Payactiv

MAY 12, 2024

Why Hiring Working Moms Makes Business Sense Working moms have cultivated diverse skills that are as applicable to the workplace as they are to child care, including organization, prioritization, multi-tasking, communication, patience, and empathy. Payactiv Connect has been specifically developed to solve this problem.

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Payactiv

APRIL 28, 2022

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. Advantages of Hiring Older Workers. Embrace Diversity Programs.

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Payactiv

JULY 18, 2024

Retired workers are the largest group of beneficiaries, but many children, spouses, and disabled people also receive these government benefits. Hiring in a competitive market can be challenging, and offering competitive pay and fair cost-of-living raises is an effective way to retain employees. appeared first on Payactiv.

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Recruiters Lineup

AUGUST 3, 2023

Additionally, some financial wellness programs may offer debt management strategies, retirement planning tools, and access to financial coaches who can provide one-on-one guidance. Payactiv Payactiv prides itself on serving over 1500 global companies. Its price plan is also transparently priced per employee per month.

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Payactiv

JUNE 28, 2024

With businesses across all industries struggling to hire talent, it’s vital to recognize the telltale signs of a flight-risk employee, and have a sound strategy to keep them with your organization. A flight-risk employee could be anyone from a new hire to a manager or top performer. What is a Flight-Risk Employee?

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Payactiv

JULY 5, 2024

Commit to Building a Financial Wellness Program that Meets Diverse Employee Needs Your financial wellness program should be designed with flexibility in mind. As a result, their focus is skewed toward financial topics like planning for retirement or refinancing a home loan. Low retirement plan enrolment rates.

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Payactiv

OCTOBER 23, 2023

Adapting to a Diverse Workforce Today, there are five generations in the workforce, each with different benefit requirements. Offering a mix of traditional, flexible, and voluntary benefits will ensure employers accommodate the different needs of a diverse employee base without overshooting their budgets.

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Payactiv

OCTOBER 30, 2023

Companies offer various benefit plans, such as health and life insurance and retirement savings programs. Compare a financially struggling single parent of two children working in an entry-level position to an executive approaching retirement with no kids at home and a comfortable nest egg. Learn more about our services.

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Payactiv

OCTOBER 24, 2022

It’s not uncommon for people to leave a company and work for competitors that offer more attractive benefits and perks such as Earned Wage Access , paid time off and sick leave, retirement funding, health insurance, education support, or more flexible work schedules. Improve Your Employee Value Proposition with Payactiv.

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Payactiv

NOVEMBER 19, 2024

This includes everything from recruitment agency fees and job advertisements to training new hires. Building a happy and loyal workforce isn’t just something that companies that hire primarily full-time knowledge workers need to care about. This stability reduces the costs associated with hiring and upskilling new employees.

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Payactiv

NOVEMBER 3, 2016

Some include retirement planning, financial literacy, investment planning, debt management, savings schemes, emergency funds, and so on. While it should help the business achieve greater operational efficiency by way of reduced turnover, increased productivity, reduced absenteeism and greater recruitment.

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Payactiv

JUNE 8, 2023

As we approach National Hire a Veteran Day , let’s explore why offering diverse and customizable employee benefits catered to veterans’ unique circumstances makes business sense. Why More Employers are Hiring Veterans Former service members have much to offer employers. Have a mission-oriented approach to work.

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Payactiv

APRIL 12, 2022

Some retire or move to another part of the country. What Is the Cost of Hiring a New Employee? Recruitment Costs. The price of finding the right person to hire can quickly add up. Another avenue is to hire a temporary staff member – but again, there are costs associated with this, including their wages and training costs.

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Payactiv

FEBRUARY 6, 2023

Employers winning the war for talent are getting creative in building an employee benefits package that supports a diverse workforce. Recent research revealed that around 60% of employees wanted their employer to expand their retirement benefits and financial and budget planning tools.

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Payactiv

SEPTEMBER 6, 2022

It’s not uncommon for people to leave a company and work for competitors that offer more attractive benefits and perks such as Earned Wage Access , paid time off and sick leave, retirement funding, health insurance, education support, or more flexible work schedules. Improve Your Employee Value Proposition with Payactiv.

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Payactiv

MARCH 28, 2023

It’s a hiring drought that has persisted for decades. million retirements are expected in the industry over the next decade, the industry is estimated to have 2.1 The post The Best Benefit to Address the Manufacturing Talent Shortage appeared first on Payactiv. There were 803,000 manufacturing job openings in January 2023.

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Payactiv

JUNE 23, 2023

Companies that offer financial wellness programs are more likely to retain their employees, which avoids unnecessary expenditure on recruitment and training and the unrecoverable loss of skills and institutional knowledge. Payactiv will not be liable for any errors or omissions in this information nor for the availability of this information.

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Payactiv

APRIL 30, 2024

Job Market Over the past couple of years, massive layoffs in the tech sector (which followed a pandemic-inspired hiring frenzy) have made major headlines. You’ll want to take advantage of any retirement account matching programs, student loan matching programs, or family leave policies offered in the employer benefits package.

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Payactiv

SEPTEMBER 5, 2024

However, industry-wide low turnover doesn’t make recruiting easy when new or vacant roles need to be filled. With the retirement of Baby Boomers and the influx of Gen Z into the workforce, some organizations haven’t yet effectively modified their approaches to meet the distinct preferences and expectations of each generation.

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