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. They can just borrow against the wages they’ve already earned and just haven’t been paid for yet.”

Staffing Software 103

Staffing Software HR Software Hiring Software Recruiting Software 103

Payactiv

MARCH 27, 2023

Everything you need to know about Healthcare Hiring Healthcare executives agree that the greatest challenge to hospitals and health systems in 2022 was a chronic staff shortage, fueled by industry-wide competition for top talent and high turnover rates. In 2020, hospital registered nurse turnover was 18.7% (U.S.).

Industry 52

Industry Hiring Software Staffing Software Bonuses and Incentives 52

Payactiv

MARCH 30, 2023

Survey Reveals Alarming Lack of Employer Understanding of Financial Wellness Benefits San Jose, March 30, 2023 – Payactiv , Inc., The results show that most organizations lack solid data about the financial wellness of their employees, and very few excel at improving it.

PayActiv 52

PayActiv Survey Wellness HR Software 52

Payactiv

JANUARY 21, 2022

This page is set up to give you the latest information on what’s happening in the hiring market right now, as well as the trends senior living care businesses, are facing when it comes to hiring. Ongoing health concerns and typically high turnover rates are leaving thousands of senior care facilities understaffed and overworked.

Industry 52

Industry Hiring Software Staffing Software Wage and Hour Training 52

Payactiv

MARCH 12, 2024

However, not all financial wellness benefits are created equal. This webinar examines the importance of financial wellness benefits in improving hiring and retention strategies, with a specific focus on the impact of UKG Wallet’s earned wage access (EWA) or on-demand pay platform.

UKG 52

UKG Hiring Software PayActiv Strategy 52

Payactiv

FEBRUARY 3, 2022

Mark Feffer: Joining us today is Sabina Bhatia, the chief customer officer of Payactiv. We’re going to talk about Payactiv’s products, how it sees the market, and where it hopes to go, on this addition of PeopleTech. Can you tell me about Payactiv? That is really the essence of what Payactiv is.

PayActiv 98

PayActiv Hiring Software Recruiting Software HR Software 98

Payactiv

JULY 26, 2021

That starts with an employer that cares about financial wellness, offers flexibility of pay, and prioritizes convenience. Payactiv’s EWA demonstrates these traits and gives employees flexibility and autonomy when accessing their wages. The Payactiv benefit attracts talent, increases retention, and sparks engagement.

Hiring Software 52

Hiring Software Staffing Software PayActiv Hiring 52

Payactiv

AUGUST 13, 2020

13, 2020 /PRNewswire/ –PayActiv, Inc., the leading employer-sponsored earned wage access and holistic financial wellness platform, today announced that it has secured $100 million of funding to further its mission of bringing security, dignity and savings to workers. SAN JOSE, Calif. ,

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PayActiv Recruiting Software Planning Tools Wellness 52

Payactiv

OCTOBER 8, 2024

This financial pressure not only impacts their personal lives but also significantly affects their productivity, engagement, and overall well-being at work. For businesses, these challenges translate into higher turnover rates, lower morale, and a workforce that is less able to contribute effectively to the company’s success.

PayActiv 52

PayActiv Retention and Turnover Payroll HR Software 52

Payactiv

APRIL 14, 2022

Employees need more than a high salary, and that is where a financial wellness program comes in. Here is how you can reduce employee turnover using financial wellness programs: 1. It’s also a low-cost method to put up a basic financial wellness program. Thus it minimizes the likelihood of turnover.

Hiring Software 52

Hiring Software Planning Tools Interview Software Recruiting Software 52

Payactiv

MARCH 24, 2022

Earned Wage Access Confirmed to Increase Employee Retention. The Payactiv financial wellness program provides financial relief to workers living paycheck to paycheck by giving them on-demand access to their earned wages. Get the report: The post EWA Impact on Reducing Turnover appeared first on Payactiv.

PayActiv 52

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Payactiv

JULY 5, 2024

Fortunately, more companies are responding with targeted wellness programs designed to address the dire financial challenges their workers face. What are Financial Wellness Programs, and Why are They Important? Let’s explore how financial wellness programs can be successfully implemented. Low retirement plan enrolment rates.

Hiring Software 52

Hiring Software Onboarding Software Assessment Software Planning Tools 52

Payactiv

MARCH 22, 2022

This page is set up to give you the latest information on what’s happening in the hiring market right now, as well as the trends healthcare businesses, are facing when it comes to hiring. The turnover rate near double creates the perfect storm. Healthcare systems are experiencing double-digit turnover rates and difficulty recruiting.

Industry 52

Industry Hiring Software Staffing Software Wage and Hour Training 52

Payactiv

APRIL 29, 2024

Another common weak spot is that they lack relevance to employees’ unique circumstances—benefits options don’t always align with employees’ most pressing wellness needs, both on and off the job. What Are Employee Wellness Programs? What Are Employee Wellness Programs? This reduces the likelihood of stress-related absences.

Employee Benefits 52

Employee Benefits PayActiv Wellness Hiring Software 52

Payactiv

MARCH 19, 2021

Turnover Reduction Payactiv users have shown to be more than 30% less likely than non-users to leave a company on average. most Payactiv users are either likely (11.3%) or very likely (73.4%) to recommend their employer to their friends. Showing you care for your employees’ financial health goes a long way.

PayActiv 59

PayActiv Wellness Retention and Turnover Recruiting Software 59

Payactiv

NOVEMBER 24, 2021

After all, our mission at Payactiv is to build stability for low-wage workers so that they have space to reach their potential. Our execution is the Payactiv Lively app, an all-in-one digital wallet that supports more than 1,500 businesses and millions of eligible users. This is all about Intention + Execution.

PayActiv 52

PayActiv Recruiting Software Planning Tools HR Software 52

Payactiv

MARCH 1, 2021

Hancock Whitney is the first bank in the United States to resell the Earned Wage Access (EWA) program from Payactiv. Starting immediately, Hancock Whitney will include Payactiv as an additional banking solution for its business clients. We are pleased to offer Payactiv to our business clients with 100 or more employees.

PayActiv 52

PayActiv Recruiting Software Retention and Turnover Compliance Training 52

Payactiv

OCTOBER 2, 2019

October 2, 2019 — Today at the HR Tech 2019 conference, Payactiv, the leading provider of affordable access to financial services, announced the results of its latest survey on employee retention. The survey found that over 81% of respondents said that they were more likely to stay in their role because of the Payactiv Benefit.

PayActiv 52

PayActiv Retention and Turnover ADP Recruiting Software 52

Payactiv

JANUARY 12, 2021

Known for its redheaded girl logo, square burgers, and Frosty drinks, Wendy’s franchise is one of the top fast food chains in America; however, like the rest of the QSR industry, it also struggles with employee turnover rates as high as 130%.Offering It costs a lot of money to constantly recruit and train new employees.

PayActiv 52

PayActiv Hiring Software Onboarding Software Recruiting Software 52

Payactiv

MARCH 19, 2021

Turnover Reduction Payactiv users have shown to be more than 30% less likely than non-users to leave a company on average. most Payactiv users are either likely (11.3%) or very likely (73.4%) to recommend their employer to their friends. Showing you care for your employees’ financial health goes a long way.

PayActiv 52

PayActiv Wellness Retention and Turnover Recruiting Software 52

Payactiv

SEPTEMBER 23, 2021

Of course, a reasonable level of employee turnover can freshen up the team. Here we’ll look at the cost of employee turnover and recommend some practical steps to help managers ensure employees remain loyal to the business. First, let’s explore the costs of excessive employee turnover. The Costs of Employee Turnover.

Retention and Turnover 64

Retention and Turnover Recruiting Software Hiring Software Onboarding Software 64

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

OCTOBER 17, 2024

The good news is that there are more responsible, less risky ways to help financially struggling workers than issuing payroll advances, such as: Financial Counseling and Wellness Programs Forward-looking employers are offering financial education programs and workshops aimed at helping their workers develop better money management skills.

Onboarding Software 52

Onboarding Software PayActiv Planning Tools Payroll 52

Payactiv

MARCH 2, 2023

Earned Wage Access (EWA) is an in-demand financial wellness benefit that gives employees access to pay accrued but has yet to be received. Complement your EWA employee benefit with additional financial wellness benefits such as budgeting tools, financial counseling, and access to discounts.

Planning Tools 52

Planning Tools Assessment Software Recruiting Software Wellness 52

Payactiv

NOVEMBER 14, 2022

Building and sustaining a company culture focused on holistic wellness should be part of every company’s recruiting and retention strategy. Forward-looking employers are heeding this reality, and it’s not surprising that the global corporate wellness program market is expected to increase exponentially in the next few years.

Hiring Software 52

Hiring Software Onboarding Software Recruiting Software Assessment Software 52

Payactiv

JULY 21, 2020

Turnover costs American companies $1 trillion yearly, and replacing just one employee can cost as much as twice the worker’s yearly salary. The post 3 Ways to Reduce Hourly Worker Turnover appeared first on PayActiv. What can you do?

PayActiv 52

PayActiv Company Wellness 52

Payactiv

DECEMBER 20, 2023

Improved Productivity, Recruitment, and Retention When your employees know that their efforts translate to immediately available compensation, they become more motivated, which boosts productivity. Payactiv’s customers report increased retention rates and lowered turnover in businesses by 30% on average.

Recruiting Software 52

Recruiting Software Payroll PayActiv Retention and Turnover 52

Payactiv

JANUARY 16, 2024

A fintech niche (also known as “employer-channel fintech”) gives employers an easy, low-cost, low-friction way to offer workers financial wellness benefits, with the goal of improving their financial literacy and enhancing their overall well-being. Financial wellness benefits are high on this list.

PayActiv 52

PayActiv Retention and Turnover Employee Benefits Diversity 52

Payactiv

FEBRUARY 24, 2022

According to the Bureau of Labor Statistics, in an average year, the hospitality industry has a typical turnover rate of 73.8%. Let’s dive into that and several solutions that reduce turnover, bolster retention, and increase recruitment efforts. million fewer jobs filled than it did in the winter of 2020.

Hiring Software 98

Hiring Software Recruiting Software HR Software Wage and Hour Training 98

Payactiv

APRIL 27, 2023

When it comes to financial wellness, there’s a concerning gap between intent and execution in corporate America. At the same time, 98% of HR leaders believe financial education and counseling are essential, and only 26% of businesses currently have a program/initiative to improve employee financial wellness.

Assessment Software 52

Assessment Software Planning Tools Recruiting Software HR Software 52

Payactiv

JUNE 28, 2024

To avoid high levels of turnover and maintain a happy, motivated, and productive workforce, you need to spot flight-risk employees sooner rather than later. Preventative Measures As part of their employee retention strategy , organizations should also take steps to avoid ongoing flight-risk situations.

Hiring Software 52

Hiring Software PayActiv Onboarding Software Recruiting Software 52

Payactiv

MAY 2, 2022

In this segment of The Compassionate Capitalist Show™, Karen Rands is joined by Sabina Bhatia, Chief Customer Officer at Payactiv, the champion of Earned Wage Access (EWA) to talk about the impact ‘financial insecurity and well being’ of hourly wage workers have on the profitability and scalability of businesses.

Wage and Hour Training 52

Wage and Hour Training Recruiting Software Hiring Software HR Software 52

Payactiv

JUNE 15, 2016

Return to Blog Home A Tale of Two Benefits: Employee Wellness Programs By Maya Ahmed, June 15, 2016 --> The Untold Story of Millions who accumulate debt while waiting for payday Felipe is 40-years-old, a machinist in New Jersey and the breadwinner of his household. PayActiv helped Felipe regulate his income and manage his financial health.

Wellness 52

Wellness PayActiv Retention and Turnover Recruiting Software 52

Payactiv

SEPTEMBER 6, 2022

High turnover rates are often linked to inadequate leadership. The Consequences of High Staff Turnover. Organizations with high levels of employee turnover face considerable direct and indirect costs. Top Strategies for Reducing Turnover. If you don’t already, why not consider offering a financial wellness program?

PayActiv 52

PayActiv Wage and Hour Training Retention and Turnover Planning Tools 52

Payactiv

OCTOBER 24, 2022

High turnover rates are often linked to inadequate leadership. The Consequences of High Staff Turnover. Organizations with high levels of employee turnover face considerable direct and indirect costs. Top Strategies for Reducing Turnover. If you don’t already, why not consider offering a financial wellness program?

PayActiv 59

PayActiv Wage and Hour Training Retention and Turnover Planning Tools 59

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. Watch the chat here.

Hiring Software 52

Hiring Software Recruiting Software Onboarding Software Planning Tools 52

Payactiv

APRIL 6, 2023

Offering employees access to their earned wages and financial wellness tools can improve employee satisfaction and retention. Source: The Federal Reserve On-demand Pay – a Revolutionary Financial Wellness Benefit Given prevailing economic headwinds, offering your employees wage increases that beat inflation might not be feasible.

Recruiting Software 52

Recruiting Software PayActiv Retention and Turnover Payroll 52