Payactiv

DECEMBER 23, 2024

In this article, well spend some time understanding the concept of turnover, why businesses may have a high turnover rate employee, and pre-emptive steps you can take to minimize it. What is Employee Turnover? Calculate your current turnover rate and compare this to the average rate within your industry.

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Payactiv

APRIL 29, 2024

Understanding the Positive Impact of Employee Wellness Programs Poor physical, mental, emotional, and financial health affects employees and their behaviors on multiple levels. Investing in them can greatly reduce healthcare costs, improve retention rates, and boost the financial health of employees and your organization.

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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?

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HRExecutive

JUNE 6, 2023

Riddle spearheaded the introduction of several new benefits to both attract and retain Aimbridge’s modern workforce, including the implementation of PayActiv, which allows employees to tap into a portion of their earned wages before payday. Click here to read more HR leadership stories.

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Payactiv

OCTOBER 5, 2021

Unsurprisingly, the call center industry also holds record rates of turnover when compared to nearly every other industry in the world. This makes customer service employees’ dedication to work even more impressive and valued among those who interact with them, which -hint- has been everyone at some point in their lives.

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Payactiv

JULY 13, 2020

In your gut, you really want to help your employees, although, prior to Payactiv we didn’t have any concrete solutions to offer.”Last The results have been phenomenal in reducing employees stress and improving morale at work as well as improving retention and recruitment. Payactiv has been extremely successful for TTEC.

PayActiv 52

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Payactiv

JULY 18, 2023

Employers need to craft an employee benefits package that will catch the eye of hard-to-find QSR workers. Like many industries, QSR operators are feeling the impact of an ongoing labor shortage coupled with high turnover rates. It’s not surprising that the industry has a high turnover rate.

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Payactiv

APRIL 30, 2021

Payactiv is the most valuable employee benefit that can dramatically improve financial wellness and increase employee satisfaction with solutions like: On-demand pay (Earned Wage Access). Better recruitment, retention and engagement all at ZERO cost to you. Tips and mileage payouts. Savings and budgeting tools.

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Payactiv

MARCH 19, 2021

Showing you care for your employees’ financial health goes a long way. Turnover Reduction Payactiv users have shown to be more than 30% less likely than non-users to leave a company on average. Happier Employees With an eNPS score of 84.7, Get the whitepaper

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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. Let’s take a closer look at Earned Wage Access, understand what it is (and isn’t), and consider why it makes business sense to add it to your suite of employee benefits.

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Payactiv

SEPTEMBER 23, 2020

InfoCision values its customers as much as it values its 2,500 employees and focuses on creating an environment conducive to employee wellness. InfoCision has been live with Payactiv since 2018. So many times the unexpected expense happens whereby employees need money immediately rather than waiting until payday.

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Payactiv

DECEMBER 20, 2023

The concept makes perfect sense: You pay your babysitter or the professional who mows your lawn on the same day that they provided the service —so why not your employees? The entire process is automated, so there is no extra work for the employer and the employee can access their funds in seconds.

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Recruiting Software Payroll PayActiv Retention and Turnover 52

Payactiv

JANUARY 16, 2024

And now, fintech is coming to employee benefits, revolutionizing financial care for workers in unprecedented ways. By helping employees with financial challenges, employers can improve related workplace outcomes like retention, satisfaction, and productivity.

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Payactiv

MARCH 29, 2022

Tax withholdings are the federal income taxes you withhold from your employees’ paychecks. The amount you need to withhold will depend on your employees’ income levels and the information contained in their Form W-14. Employee Benefits. Reduce Staff Turnover. The Payactiv Payroll Card Option.

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Payactiv

FEBRUARY 1, 2022

Scheduling employees properly can make a huge difference and improve retention, as well as cutting back on absenteeism rates. Deskless employees and shift workers don’t tend to have email access or any contact at all with the management level of the company, so it’s understandable that they may feel forgotten.

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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.” What Are the Benefits of Earned Wage Access? Payactiv does not use ACH debits that trigger overdrafts. billion in 2020. Funding Access to Wages.

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Payactiv

OCTOBER 17, 2024

Offering EWA coupled with a handy prepaid card is a great way to motivate your entire workforce and increase your company’s productivity and retention rates. In the best case, EWA can be an innovation in financial inclusion—a “win-win” opportunity for employees and their employers. . · Can control where their money goes.

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Payactiv

NOVEMBER 16, 2021

Fast Food, Faster Turnover. QSRs aren’t just known for their quick turnaround and service, they’re also known for having a turnover rate of up to 150%. In an average year, the QSR industry is home to nearly 5 million employees. These employees are often working at an entry-level capacity, part-time and in school, or full-time.

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Payactiv

MARCH 2, 2023

Financial stress is pervasive among employees, with 97% reporting stress and 80% concerned about inflation. Earned Wage Access (EWA) is an in-demand financial wellness benefit that gives employees access to pay accrued but has yet to be received. As inflation and the cost of living continue to rise, employees feel the squeeze.

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Payactiv

MARCH 28, 2022

The average call center turnover rate averages between 30% to 45%. This turnover rate is considered very high. Agent Turnover — Why Are They Quitting? Offer transportation to and from work for employees who may need it. Use a mobile communication platform to digitize the employee experience for front-line workers.

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Payactiv

APRIL 13, 2016

When brought to the workplace, this stress leads to escalating costs for the employer due to lower productivity and engagement, absenteeism, workplace injury, the rising cost of health insurance premiums, high costs of turnover, and attrition. Learn how Payactiv’s financial wellness program can work for your company.

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Payactiv

AUGUST 14, 2017

And cultivating a culture of compassion in the workplace delivers many benefits to a business. 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).

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Payactiv

NOVEMBER 19, 2024

For decades, many hourly workers have missed out on the kinds of employee benefits and perks that their salaried counterparts enjoyed, such as paid vacation time and sick leave, retirement and health insurance benefits, opportunities for career advancement, and flexibility in terms of the hours they work.

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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? Offer Employee Benefits and Incentives.

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Payactiv

FEBRUARY 24, 2022

Thousands of hotel employees ask themselves this question every year and the resounding answer is “no”. . According to the Bureau of Labor Statistics, in an average year, the hospitality industry has a typical turnover rate of 73.8%. In August of 2021, The Harris Poll found that 83% of employees believe they should get paid every day.

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Payactiv

NOVEMBER 19, 2024

And cultivating a culture of compassion in the workplace delivers many benefits to a business. 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).

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Payactiv

MAY 2, 2022

Hotels may be beacons of light for patrons in the midst of long journeys, but they have experienced consistently high levels of employee turnover, retention issues, and understaffing. Get Payactiv for your business. The post Industry Insights: Hospitality appeared first on Payactiv. No More Heartbreak for Hotels.

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Payactiv

JANUARY 21, 2022

Ongoing health concerns and typically high turnover rates are leaving thousands of senior care facilities understaffed and overworked. Read how partnering with Payactiv results in a significant increase in employee engagement and retention. The post Industry Insights:<br> Senior Care appeared first on Payactiv.

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Payactiv

MARCH 22, 2022

The turnover rate near double creates the perfect storm. Healthcare systems are experiencing double-digit turnover rates and difficulty recruiting. While many healthcare recruiters blame the Great Resignation for the high turnover rates, it’s hardly the only culprit. Hiring is a multi-layered process. A quarter of U.S.

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Payactiv

JUNE 23, 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. Healthcare. Senior Care.

Hiring Software 59

Hiring Software Staffing Software Onboarding Software Planning Tools 59

Payactiv

DECEMBER 28, 2021

With the QSR industry already battling turnover rates of up to 150%, now is the perfect time for employers to provide better benefits and more flexibility to potential and current employees. Fast food and faster turnover. Our eBook serves up the secrets to keeping QSR employees and hiring more in 2022. HIRING TIP.

Wage and Hour Training 52

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Payactiv

DECEMBER 28, 2021

With the QSR industry already battling turnover rates of up to 150%, now is the perfect time for employers to provide better benefits and more flexibility to potential and current employees. Fast food and faster turnover. Our eBook serves up the secrets to keeping QSR employees and hiring more in 2022. HIRING TIP.

Wage and Hour Training 52

Wage and Hour Training Industry Hiring Software Retention and Turnover 52

Payactiv

DECEMBER 4, 2017

Taking a close look series Part 1: Workplace Morale Part 2: Employee Engagement Part 3: Employee Retention Employee Engagement Contrary to popular belief, people need only a few things to become highly engaged employees: a sense of social responsibility and purpose and the right day-to-day employee benefits.

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