Payactiv

APRIL 2, 2024

This year, National Employee Benefits Day will be celebrated on April 6th. It also offers employee benefits professionals an opportunity to take stock of their benefits programs and ensure they’re aligned with what employees really want and need. What Are Employee Benefits and Why Do They Matter?

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Payactiv

MAY 5, 2022

Payactiv offers free 1:1 financial counseling in our app available in the Apple App Store and Google Play if you need support or assistance with your finances. Tip: The Payactiv Visa ® Card* comes with optional goal-based saving to help you put money into your emergency fund automatically on whatever schedule you choose.

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Payactiv

APRIL 13, 2023

As we celebrate Financial Literacy Month in April, there’s no better time to bring employee financial stress under the spotlight. Employers can empower people to achieve financial wellness by augmenting their employee benefit programs with accessible educational and financial resources. The short answer is “yes.”

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Payactiv

DECEMBER 20, 2021

Equally concerning is that one in three Americans had decreased or halted their retirement fund contributions at that time. If your savings go into your regular checking account, it’ll be all too easy to spend them on day-to-day expenses. Learn more about how Payactiv can help you. Open a Dedicated Emergency Savings Account.

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Recruiters Lineup

AUGUST 3, 2023

Financial stress is a significant concern for employees, impacting their overall well-being and job performance. 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.

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Payactiv

JULY 18, 2024

All this generates widespread discussion about the merits—and feasibility—of giving employees cost-of-living raises. In this guide, we’ll explore the impact of inflation on employee pay and offer some guidance for businesses considering implementing cost-of-living pay increases. What Is the Cost of Living?

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Payactiv

JULY 23, 2024

Whether you are an hourly or salaried employee, your gross pay will differ from your take-home pay. Some employees may even see deductions for health insurance premiums or retirement account contributions. As an employee, you should pay 7.65% of your income towards these every paycheck. However, W-4s changed in late 2019.

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Payactiv

FEBRUARY 22, 2024

As we move into 2024, companies are increasingly recognizing the importance of employee well-being and how it affects productivity, engagement, and retention. With this in mind, leading organizations are exploring ways to enhance their employee benefits packages in the year ahead and beyond.

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Payactiv

JANUARY 18, 2024

After a year filled with economic turmoil, followed by the holidays—a season when people tend to overspend—it’s likely that many of your employees are starting 2024 under a fair amount of financial stress. Only 4 in 10 employees rate their financial wellness as good, an all-time low.

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Payactiv

MAY 21, 2024

Today, employees’ money worries have reached an all-time high, with 86% of workers saying they feel more stressed about their finances than they’ve ever been. In this climate, it’s essential that employers develop comprehensive benefits packages that support their employees’ financial health. Buying or selling a home. Did you know?

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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. Many workers haven’t returned to work because they decided to switch careers in the pandemic, while others retired early.

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Payactiv

JANUARY 13, 2022

It can also help you maintain positive savings habits, such as regularly putting money away towards retirement savings. If you’re self-employed and hire employees, make sure to check out the benefits of Payactiv ! A budgeting strategy is also useful in helping you save up for major purchases, such as a new vehicle.

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Payactiv

SEPTEMBER 26, 2023

For example, someone could tap into their retirement accounts, triggering taxes and penalties, rather than find better solutions to improve their finances. Here’s a closer look at what they found, trends impacting your employees, and what you can do to help them find a stronger financial footing.

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Payactiv

NOVEMBER 25, 2024

According to a recent PwC survey, 60% of full-time employees feel stressed about their finances, with a significant proportion reporting flow-on effects in other areas of their wellbeing, including sleep quality, self-esteem, and relationships. These plans let employees contribute pretax dollars that grow tax-deferred until retirement.

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Payactiv

DECEMBER 19, 2023

When you join the gig economy, you can use tools like the Payactiv Visa ® Card’s* SmartSpend feature to manage an irregular cash flow. It’s wise to prepare for the unique tax circumstances for self-employment and look for ways to save, like taking advantage of Payactiv’s TurboTax deals.

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Payactiv

MAY 15, 2024

Spring symbolizes a fresh start, an opportunity for employees to foster their personal and professional growth and well-being by pursuing new interests, learning new skills, or improving their physical, mental, and financial health. Here are a few ways you can re-invigorate your employee benefits offerings to celebrate the new season.

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Payactiv

JUNE 28, 2024

Dissatisfied employees can be difficult to spot, but some may send out warning signs. 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. What is a Flight-Risk Employee?

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Payactiv

DECEMBER 26, 2023

For HR leaders, the end of the year brings more than holiday celebrations and employee performance reviews. Planning and administering employee benefit programs is a daunting task on their year-end to-do lists. A healthy Gen X employee may choose to decline comprehensive healthcare coverage because their spouse has an adequate plan.

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Payactiv

FEBRUARY 6, 2023

If you’re struggling to attract and retain talent, revamping your employee benefits package is a great place to start. Employers winning the war for talent are getting creative in building an employee benefits package that supports a diverse workforce. billion employees, are deskless and often outside office space.

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Payactiv

APRIL 12, 2022

According to a Gallup study , employee turnover costs US businesses a trillion dollars every year. When measured in monetary terms, the direct costs of replacing an employee can range from one-half to twice their annual salary. High Employee Turnover Costs Money. Some retire or move to another part of the country.

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Payactiv

MARCH 27, 2024

These arrangements appeal to employees as they consider their personal lives, allowing them to find a greater work-life balance. Such options may boost employee productivity, reduce absenteeism, lower overhead costs, and ensure continued operations during busy times or emergencies.

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Payactiv

APRIL 16, 2024

However, macro trends and issues like inflation, interest rates, and political tensions can significantly accelerate—or hinder—employees’ progress toward their financial goals. Responsible employers are stepping up to help their employees weather macroeconomic storms and build personal financial resilience. What Can You Do?

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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. This Mother’s Day, let’s explore some employee benefits that matter most to moms.

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Payactiv

JULY 5, 2024

Corporate financial wellness programs are geared to help employees build a healthy relationship with money, adjust their lifestyles to better accommodate inflation, and make their work and home lives more stable and fulfilling. This not only benefits employees and their loved ones, it’s also good for business.

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Payactiv

JUNE 1, 2022

Don’t forget to subscribe to the Good Cents Podcast by Payactiv wherever you get your podcasts to stay in the loop! For a quick heads up, I am not a registered financial advisor, and this podcast is for information purposes only. Welcome to the Good Cents podcast by Payactiv. I’m a personal finance expert and consultant.

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Payactiv

DECEMBER 16, 2022

But learning the ins and outs of health insurance, retirement plans, and payroll perks can help improve your finances. We’ll take you through the basic nuances of some of the most commonly-offered employee benefits so you can focus on building your career. Most people glaze over this information. Traditional Retirement Accounts.

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Payactiv

OCTOBER 30, 2023

In this blog, we’ll delve into some strategies employees can adopt to ensure their programs are relevant and measurable and don’t introduce unwelcome administrative and technical complexities. Open enrollment is the period when employees can enroll in or make changes to their employer-sponsored benefits plans for the year ahead.

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Payactiv

OCTOBER 23, 2023

Sub-Par Employee Education and Engagement Many employees find open enrollment confusing, intimidating, and stressful as they struggle to interpret their benefits plans. For example, while traditional benefits are important to Gen Z employees, flexible work arrangements and student debt repayment programs also have a strong appeal.

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Payactiv

JUNE 8, 2021

Payactiv , a Public Benefit Corporation and Certified B-Corp, provides on-demand access to earned but unpaid wages. Businesses that partner with Payactiv to offer financial wellness services to their workforce see significant cost reductions through increased recruitment, engagement, and retention. I’m the founder and CEO of Payactiv.

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Hiring Software Recruiting Software Onboarding Software Planning Tools 52

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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AI Recruiting Recruiting Software Hiring Software Recruitment 52

Payactiv

NOVEMBER 30, 2023

As Baby Boomers enter retirement, many are struggling with rising debt. This worrying trend can lead to financial instability and a lower quality of life in retirement. The average retired couple can expect to spend around $315,000 on healthcare expenses in retirement.

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Payactiv

SEPTEMBER 19, 2024

As the fall approaches, so too does the annual open enrollment season for employee benefits—the period during which employees have the opportunity to review and adjust their benefits plans for the upcoming year. This also ensures employees have sufficient time to review their options and select new plans.

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Payactiv

JULY 22, 2024

Money worries are a significant contributor to employees’ lack of well-being and can have a devastating impact on workplace productivity. Right now, 1 in 3 employees say their financial stress is impacting their ability to focus on their jobs, and nearly 25% say this stress reduces their productivity and confidence.

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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.

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Payactiv

MAY 24, 2022

A recent survey found that the number one cause of anxiety among employees is money, with 65% reporting financial stress. While 84% of US employees say their employer should be responsible for their financial wellbeing, just 55% believe their company is concerned about their financial wellness. 5 Signs of Employee Financial Stress.

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Payactiv

OCTOBER 4, 2023

For businesses, especially small ones and start-ups, employing a workforce composed of more gig workers than permanent employees has compelling advantages. Things like saving for retirement and keeping track of accounts for tax filing purposes can be tricky and time intensive.

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Payactiv

OCTOBER 25, 2022

when you download the Payactiv app 1. To schedule a coaching session, open the Payactiv app home screen and tap the menu button on the top right corner. Continue listening to Eric and Mario’s conversation below or read the transcript below: Eric Rosenberg: Hello, my name is Eric Rosenberg, the host of the Payactiv podcast.

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