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

Payactiv

Here are a few key strategies: Provide Competitive Wages and Benefits One way to better attract and retain top talent is to offer competitive salaries, attractive benefit packages (including health insurance, paid time off (PTO), and retirement plans), and flexible scheduling options. Read the full case study.

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How this HR’s Rising Star and ‘numbers person’ innovates in hard-hit hospitality

HRExecutive

A self-described “numbers and analytics person,” Riddle got to use those skills during a crash course on retirement plan management in a college internship at a Washington, D.C., So far, Aimbridge employees have made more than 320,000 PayActiv transactions, totaling $27 million in earned wages. nonprofit. “I

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Building a Resilient Healthcare Workforce through Financial Wellness Programs

Payactiv

Financial wellness has become one of the most sought-after employee benefits among U.S. workers, and healthcare employees are no exception. Besides burnout, many healthcare professionals are nearing retirement age , which will intensify the sector’s staffing crisis.

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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. However, there are some creative and easy-to-implement tactics they can adopt to increase their employee value proposition. Offer Flexible Scheduling.

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Tailoring Open Enrollment to the Needs of Your Multi-generational Workforce

Payactiv

Healthcare While Baby Boomers may prioritize receiving comprehensive coverage for medical conditions, their younger colleagues may prefer high-deductible plans with Health Savings Accounts (HSAs) for more flexibility and tax benefits. Tailored Messaging Craft benefits communications that resonate with specific age groups.

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Industry Insights: Healthcare

Payactiv

Most senior and experienced nurses nearing are retirement, or some leaving earlier than expected due to burnout. With “The Great Resignation” in full swing and candidates demanding more benefits, raising pay has swiftly become a standard requirement. The post Industry Insights: Healthcare appeared first on Payactiv.

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Industry Insights: Manufacturing

Payactiv

Baby Boomers working in the manufacturing industry will retire in the next decade, creating a large void and a concerning labor shortage. Manufacturing companies can offer a range of employee benefits to stay competitive—flexible hours and scheduling, competitive pay and training, to name a few. HR Challenges in Manufacturing.