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.

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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.).

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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.

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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.

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Payactiv

MARCH 7, 2024

A comprehensive, flexible financial wellness program can help you achieve both of these aims. Employer-sponsored programs that build employee wellness in these critical areas are good for companies, too. Studies show that correctly executed financial well-being programs can deliver up to a 1500% return on investment.

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Payactiv

SEPTEMBER 17, 2020

843-981-8898 pr@benefitfocus.com Benefitfocus Adds PayActiv as Financial Wellness Partner On-demand access to earned wages helps improve workplace engagement, recruitment and retention Charleston, S.C. PayActiv is a financial wellness solution offering on-demand access to earned wages for hourly workers.

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Payactiv

MAY 4, 2023

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 on-demand pay solutions.

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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.

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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.

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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

JULY 25, 2018

ADP clients who choose to leverage PayActiv will provide their employees access to earned, but unpaid income, up to $500 to address immediate needs without the fear of overdraft fees, late fees or additional debt. It has positively affected our employees’ morale while also serving as a tool for retention.”

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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.

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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.

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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.

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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.

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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.

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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.

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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

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Payactiv

DECEMBER 23, 2024

These figures dont bode well for businesses across all industries. In this article, well spend some time understanding the concept of turnover, why businesses may have a high turnover rate employee, and pre-emptive steps you can take to minimize it. What is Employee Turnover? Then, multiply that figure by 100.

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Hiring Software Retention and Turnover Wage and Hour Training Onboarding Software 52

Payactiv

NOVEMBER 19, 2024

Here are the top 3: Improved Employee Retention Unhappy employees result in high turnover rates. The costs associated with high turnover are expensive (it costs $3,328 to replace a $10/hour retail employee alone). Improved Workplace Performance Employees who feel underappreciated are less likely to perform well.

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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.

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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

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Payactiv

OCTOBER 10, 2024

However, the retail industry is plagued by high turnover rates that exceed the average in other sectors. As of May 2024, the average employee turnover rate in the retail industry was 4.0% So, what’s fueling this high employee turnover in the retail industry, and what can retail employers do about it? compared to 3.4%

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Payactiv

SEPTEMBER 19, 2016

PayActiv’s Financial Wellness Solution Awarded HRE’s Top Products of 2016September 20, 2016 09:00 AM Eastern Standard Time SAN JOSE, Calif.–(BUSINESS Human Resource Executive selected PayActiv due to the impact the free-to-employer service provides in increasing employee retention, recruitment and engagement.

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Payactiv

MAY 4, 2016

High Costs of Turnover The costs of turnover are quantifiable and significant. For example, if the average salary of an employee in a company is $50,000 annually, and you assume the cost of turnover is 150% of salary, the cost of turnover is $75,000 per employee who leaves.

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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 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?

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Payactiv

FEBRUARY 17, 2016

PayActiv Secures $9.2 Million in Financing to Innovate Financial Wellness Efforts That Reduce Financial Stress and Increase Productivity in the Workplace February 17, 2016 09:00 AM Eastern Standard Time SAN JOSE, Calif.–Following –Following a successful 2015, PayActiv, FinTech startup, announced that it has secured $9.2

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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.

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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.

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Payactiv

APRIL 13, 2016

Return to Blog Home HR Strategy for Corporate Financial Wellness Programs By Sabina Bhatia on April 13, 2016 --> The American economy continues to struggle and employees across all socioeconomic classes need help to meet ordinary recurring expenses. Why Are More Businesses Considering a Financial Wellness Program?

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Payactiv

MARCH 22, 2022

Employee turnover rates are at an all-time high, which doesn’t bode well for businesses across all industries. In this article, we’ll spend some time understanding the concept of employee turnover, why it happens, and pre-emptive steps you can take to minimize it. What is Employee Turnover? Stress and Burnout.

Hiring Software 52

Hiring Software Wage and Hour Training Retention and Turnover Onboarding Software 52

Payactiv

DECEMBER 20, 2024

But the price goes well-beyond dollars and cents. In this article, well examine the hard and soft costs associated with replacing an employee and explore some of the employee retention tactics you can adopt to avoid spending money unnecessarily in this manner. Which Industries are Most Affected by High Employee Turnover?

Wage and Hour Training 52

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Payactiv

JANUARY 8, 2025

In this article, well explore why organizations should focus on establishing an environment that fosters reciprocal growth for the company, its employees, and the wider community. Well also consider some of the core building blocks for forging meaningful employer-employee-community partnerships. The ripple effect in action!

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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.

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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.

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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. Watch the chat here.

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