Payactiv

APRIL 20, 2023

Track your spending: If you link your bank account to your Payactiv account , you can access your tracked spending in our app. Long-term goals include saving for a home down payment or investing for retirement. Alternatively, let Payactiv find the cheapest car insurance rate for you when you download the free Payactiv app 1.

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Payactiv

APRIL 2, 2024

This day is dedicated to recognizing employers that go above and beyond to provide meaningful benefits to their valued workers. These can include paid time off, health insurance, retirement contributions, allowances, loans, gym memberships, daycare facilities, and more. What Are Employee Benefits and Why Do They Matter? Did you know?

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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. Is your employer open to letting you pick up extra shifts?

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Payactiv

AUGUST 30, 2023

You don’t need an employer-sponsored plan to save for retirement. It’s never too late to start saving for retirement. Planning for retirement can feel intimidating. Luckily, you don’t need much money to start retirement planning, and anyone can do it, even without a finance degree.

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Payactiv

JULY 23, 2024

Some employees may even see deductions for health insurance premiums or retirement account contributions. Your gross pay is what you earn from your employer, while your net pay is the amount that ends up in your pocket on payday. You pay half of them, and your employer pays the other half. However, W-4s changed in late 2019.

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Payactiv

MARCH 27, 2024

One of the reasons that employers are struggling to fill open roles is that today’s job seekers are looking for employment “on their own terms.” The Downside While non-traditional employment has many advantages, it can have a potential financial downside. More Americans are shunning the idea of a traditional 9 a.m.

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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. Understand What Your Employer is Offering. Most people glaze over this information. In the age of digital banking, more and more employers are offering Earned Wage Access (EWA). IRA Payroll Deductions.

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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

JULY 11, 2024

Whether you’re just starting your career, in the midst of your financial journey, or nearing retirement, understanding where every dollar comes from and how to manage it is crucial for long-term financial wellness. How to regularly check your pay stubs for accuracy, especially after changes in employment, benefits, or tax status.

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Payactiv

APRIL 13, 2023

Employers can empower people to achieve financial wellness by augmenting their employee benefit programs with accessible educational and financial resources. Research indicates that approximately 66% of Americans lack these skills, resulting in a widespread lack of financial literacy.

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Payactiv

NOVEMBER 25, 2024

Plus we’ll share some tips for employers on helping their workers advance toward greater financial flexibility. Retirement and Savings plans Offer employer-sponsored retirement plans to help employees build a financial foundation for the future.

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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

FEBRUARY 12, 2024

Or, maybe you want to take a trip together or retire comfortably so your kids won’t have to worry about providing for you after you leave the workforce. Ideally, you’ll start by maxing out your tax-advantaged retirement accounts. Be sure to use the Goal-Based Saving 1 s feature in the Payactiv app to help you track your progress.

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Payactiv

OCTOBER 30, 2023

Open enrollment is the period when employees can enroll in or make changes to their employer-sponsored benefits plans for the year ahead. Companies offer various benefit plans, such as health and life insurance and retirement savings programs. What is Open Enrollment?

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Payactiv

MARCH 8, 2022

Now employers – especially in low-wage sectors – are struggling to fill open positions. Given that the cost of replacing one employee ranges from one-half to two times their annual compensation, it’s a trend that most employers are desperately seeking to slow and reverse. According to the World Economic Forum , a record 4.4

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Employee Engagement Talent Experience Hiring Software Wage and Hour Training 101

Payactiv

JULY 18, 2024

If you’re an employer, it’s likely that a large percentage of your workforce is battling record-high grocery bills, inflated credit card and student loan interest rates, and unsustainable rent increases. As we touched on earlier, typical employment-related cost-of-living raises take into account where the employee lives.

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Payactiv

OCTOBER 23, 2023

Inevitably, this year, the complexities facing businesses and HR teams during open enrollment season will be heightened due to tighter budgets, the rising costs of benefits, increasingly stringent compliance regulations, and the need to craft a benefits strategy that positions the organization as an employer of choice in a competitive job market.

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Payactiv

SEPTEMBER 19, 2024

These plans typically include health insurance, retirement funds, paid time off (PTO), and other perks like flexible savings accounts (FSAs). While there are no set parameters for the open enrollment period, the US Health Insurance Marketplace runs theirs from November 1 to January 15, so most employers align their schedule with these dates.

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Strategy PayActiv Retirement Talent Experience 52

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

MAY 13, 2022

Payactiv’s free financial toolkit helps you get smart insights into your spending and flags what’s safe to spend and put away. Payactiv also offers free 1:1 financial counseling sessions in the Payactiv app. . As a quick heads up, I am not a registered financial advisor and this podcast is for informational purposes only.

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Payactiv

MAY 21, 2024

In this climate, it’s essential that employers develop comprehensive benefits packages that support their employees’ financial health. employees say they’re more likely to stay at their current jobs if their employer provides financial wellness benefits. On the other hand, more than 2 out of 3 U.S. Did you know?

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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. With over an additional one-third of retirement investors taking hardship withdrawals, many are clearly facing financial difficulties.

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Payactiv

JANUARY 18, 2024

Thinking long-term is getting harder for many employees—just 31% continue prioritizing their retirement, down from 45% in 2022. The top reasons given for tapping into retirement savings are avoiding foreclosure and paying medical expenses.In Employer-sponsored on-demand pay schemes can also help greatly.

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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. Financial wellness programs in the workplace are employer-sponsored initiatives aimed at promoting employees’ financial well-being.

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Payactiv

FEBRUARY 22, 2024

In recent years, employee benefits have evolved significantly, moving beyond traditional, basic offerings like retirement contributions, health insurance, and paid time off to more diverse packages. A recent survey found that inflation is the top financial wellness concern employers hope to address with their programs.

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Payactiv

APRIL 21, 2022

Consider the Power of Compound Interest Saving We assume you kept the cash in a checking account in the examples above rather than spending on those costly habits. But what if you were to put the money in a savings account with interest or invest it in a retirement account? Try our free savings tools in the Payactiv app !

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Payactiv

JULY 22, 2024

By implementing comprehensive financial well-being benefits programs that help people deal with the root causes of their financial stress, employers can improve both workplace productivity and overall employee wellness. saying ‘being able to retire.’ citing ‘covering monthly expenses’ and 9.2%

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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

MAY 12, 2024

Employers, are you doing enough to support your working mothers and ensure your company is a place they’d gravitate towards when considering a new job? Employers should consider how they can help working moms find and afford childcare. Payactiv Connect has been specifically developed to solve this problem.

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Payactiv

FEBRUARY 8, 2024

For example, with the Payactiv app , you can set up an automated saving goal 1 and set aside a portion of every paycheck towards it. Invest for Your Future Once you have an emergency fund, you can take advantage of your employer-sponsored retirement plan.

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Payactiv

OCTOBER 24, 2023

Keep reading if: You’re among the millions feeling anxious and uncertain about how to get a better handle on your money You’re intimidated by the prospect of creating a budget You’re wondering how to begin saving for retirement when you’ve gotten off to a late start You’re simply trying to make ends meet. Did you know?

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Wage and Hour Training PayActiv Planning Tools Wellness 52

Payactiv

OCTOBER 5, 2023

Keep reading if: You’re among the millions feeling anxious and uncertain about how to get a better handle on your money You’re intimidated by the prospect of creating a budget You’re wondering how to begin saving for retirement when you’ve gotten off to a late start You’re simply trying to make ends meet. Did you know?

Wage and Hour Training 52

Wage and Hour Training PayActiv Planning Tools Wellness 52

Payactiv

MAY 15, 2024

Systems like Payactiv Connect make it easy for employers to grant their hourly workers access to their shift management system using their smartphones. In some cases, a lack of emergency savings is forcing employees to withdraw from retirement accounts to cover unexpected expenses like medical bills or home repairs.

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Payactiv

OCTOBER 17, 2024

This guide will walk you through the process, helping you make informed choices that best suit your needs and those of your family. Life Insurance Employer-provided life insurance is often inexpensive and can provide crucial financial protection for your loved ones. It may be more beneficial for those in high-risk occupations.

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Wage and Hour Training PayActiv Retirement Exercises 52

Payactiv

APRIL 16, 2024

Many employers underestimate the impact that global and national economic policies and indicators have on their workers’ financial well-being and futures. Responsible employers are stepping up to help their employees weather macroeconomic storms and build personal financial resilience.

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Payactiv

JULY 5, 2024

As a result, their focus is skewed toward financial topics like planning for retirement or refinancing a home loan. Entry-level hires who are fresh out of college probably care more about their student debt than retirement savings. Baby Boomer employees are probably most concerned about managing their assets throughout retirement.

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Payactiv

MARCH 31, 2022

Many workers haven’t returned to work because they decided to switch careers in the pandemic, while others retired early. Surprisingly, nearly 2 million workers decided on early retirement during the pandemic, which has also contributed to the shortage.

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