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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Recruiters Lineup

AUGUST 3, 2023

These programs provide valuable resources, tools, and guidance to support employees in managing their money, reducing debt, and planning for the future. 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.

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Payactiv

MARCH 8, 2022

Tips for Building a Good Employee Experience. We’ve all heard the term “first impressions matter,” and it couldn’t be more relevant to the world of recruitment and hiring. To set your employees up for success, you need to give them access to the correct information, resources, and people. Provide Meaningful Feedback.

Employee Engagement 101

Employee Engagement Talent Experience Hiring Software Wage and Hour Training 101

Payactiv

MARCH 1, 2022

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. What Is a Recruitment Strategy? Building a Winning Recruitment Strategy.

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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

JULY 8, 2022

Too often, these workers miss out on the perks that come standard with full-time roles, such as disability and life insurance, paid time off and sick leave, dental and vision coverage, retirement funding, and educational aid. It makes sense, then, that diversity is taken into account during your entire recruiting process.

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Payactiv

MARCH 29, 2022

In this article, we’ll explore the various types of payroll expenses that organizations incur, share some tips for managing your payroll effectively, and look at some practical ways to keep your business’s payroll costs to a minimum. Post-retirement health insurance. An Explanation of Payroll Expenses.

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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

MARCH 2, 2023

Financial wellness benefits have emerged as a practical solution to help employees regain control of their finances and overall livelihood. Provide guidance on improving credit scores, reducing debt, and developing a long-term financial plan for retirement.

Planning Tools 52

Planning Tools Assessment Software Recruiting Software Wellness 52

Payactiv

OCTOBER 24, 2022

Common management practices that often cause people to leave include feeling underappreciated, micromanaged, and ignored. Allowing employees to swap shifts with their colleagues quickly and easily is a practical way to offer flexibility and encourage them to stay with your organization. A Lack of Work-life Balance. The Bottom Line.

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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. Learn more about Payactiv’s Service , or book your demo now.

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Payactiv

NOVEMBER 29, 2022

Recruiting and retaining great people is a challenge that companies across the globe and in all industries are grappling with. Here are some tips for assessing and selecting your benefits package: Focus on programs that save you money upfront and are easy, quick, and inexpensive to implement. appeared first on Payactiv.

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Payactiv

FEBRUARY 6, 2023

Recent research revealed that around 60% of employees wanted their employer to expand their retirement benefits and financial and budget planning tools. Payactiv, the pioneer and leading provider of EWA, is the only certified B Corp in the industry. EWA is the only alternative to high-interest and predatory payday loans.

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Payactiv

JUNE 28, 2024

In this article, we’ll explore practical strategies for identifying and retaining flight-risk workers in today’s evolving labor market. The more valued employees leave your company, the more challenging and expensive recruiting for your business becomes. Learn more about Payactiv’s Service , or book your demo now.

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Payactiv

SEPTEMBER 6, 2022

Common management practices that often cause people to leave include feeling underappreciated, micromanaged, and ignored. Allowing employees to swap shifts with their colleagues quickly and easily is a practical way to offer flexibility and encourage them to stay with your organization. . A Lack of Work-life Balance. The Bottom Line.

PayActiv 52

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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. A Fireside Chat with OnShift.

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Payactiv

OCTOBER 19, 2021

As the war for talent rages on and candidate shortages escalate, the balance of power has tipped firmly in favor of job seekers. Recruit Top Talent. Minimize Recruiting Expenses. That means that your HR team will need to spend less time and money working with recruitment and headhunting firms. Financial Benefits.

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Payactiv

APRIL 14, 2022

It costs your company in customer relations, institutional knowledge, hiring, and recruitment. This can help employees avoid using their retirement resources to address financial problems. These solutions assist businesses in providing financial management education to their workers. Let’s face it.

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Advos

OCTOBER 12, 2018

Our weekly recap of fundings, mergers & acquisition, partnership and other interesting news from the human resource, recruitment and employee benefits marketplace. PayActiv Raises $20 Million to Expand Financial Wellness Offering for Millions of Financially Stressed Workers. Tags: Amazon, Recruitment. Sign up now.

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Payactiv

JUNE 8, 2023

The Department of Labor states in its Guide to Hiring Veterans that veterans generally: Are creative problem-solvers with integrity. To recruit or retain veterans, it’s important to understand their unique challenges and find ways to support them throughout their careers. Have a mission-oriented approach to work.

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Payactiv

APRIL 5, 2022

Among health care workers who have kept their jobs during the pandemic, 31% have considered leaving, and 12% of health care workers say they plan to retire early or work elsewhere. The cost of recruitment is significant, and timelines to fill open roles are often long, especially for more senior-level employees.

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Payactiv

MARCH 22, 2022

Their reasons for leaving might include accepting a new job elsewhere, personal commitments or challenges, or a desire to further their education, relocate, or retire. Other poor management practices that often cause people to head for the door include favoritism, nepotism, micromanagement, and a lack of recognition. Low Compensation.

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Payactiv

FEBRUARY 15, 2022

This includes everything from recruitment agency fees and job advertisements to training new hires. Work with your human resources team to develop and formalize a fair and equitable employee recognition program if you don’t have one already. Payactiv is here to help you on this employee satisfaction journey. Provide Flexibility.

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Payactiv

APRIL 27, 2023

Companies that offer financial wellness programs are more likely to retain their employees, thereby avoiding unnecessary expenditures on recruitment and training and the loss of skills and institutional knowledge that is difficult to recover. This can include training on debt management, retirement planning, and investment strategies.

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Payactiv

APRIL 12, 2022

Some retire or move to another part of the country. Recruitment Costs. These costs can include the man-hours that your internal recruiter puts into the candidate search (writing job descriptions, screening resumes, scheduling and attending interviews, and doing background and reference checks, to name a few.).

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Payactiv

FEBRUARY 27, 2021

Retirement Plans Today’s employees often depend on their employer to help them save for retirement. However, they can avoid all taxes on money taken out for retirement as long as they are over 59 1/2 years old. In addition, you’ll have an increased ability to recruit the best people around when positions do open up.

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Payactiv

MARCH 28, 2023

million retirements are expected in the industry over the next decade, the industry is estimated to have 2.1 To identify these solutions, it’s crucial to understand the blockers that stop today’s eligible talent pool from pursuing careers in manufacturing. There were 803,000 manufacturing job openings in January 2023.

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Payactiv

AUGUST 13, 2020

13, 2020 /PRNewswire/ –PayActiv, Inc., The Series C financing round was led by Eldridge and includes existing PayActiv shareholders Generation Partners and the Ziegler Link•Age Fund II. ” As a standalone ready-to-use mobile app, PayActiv provides the funds for earned wage access. SAN JOSE, Calif. ,

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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

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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