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Why Hospitality Workers Walk Away: Addressing the Root Causes of Turnover

Payactiv

Here are a few key strategies: Provide Competitive Wages and Benefits One way to better attract and retain top talent is to offer competitive salaries, attractive benefit packages (including health insurance, paid time off (PTO), and retirement plans), and flexible scheduling options. Read the full case study.

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How this HR’s Rising Star and ‘numbers person’ innovates in hard-hit hospitality

HRExecutive

A self-described “numbers and analytics person,” Riddle got to use those skills during a crash course on retirement plan management in a college internship at a Washington, D.C., So far, Aimbridge employees have made more than 320,000 PayActiv transactions, totaling $27 million in earned wages. nonprofit. “I

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Building a Resilient Healthcare Workforce through Financial Wellness Programs

Payactiv

Besides burnout, many healthcare professionals are nearing retirement age , which will intensify the sector’s staffing crisis. Mid-level managers : Financial wellness programs can help workers in this category balance competing financial priorities such as retirement planning, investing, and saving to reach short-term goals.

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5 Strategies for Supporting Senior Care Workers

Payactiv

Given their limited budgets, the option of increasing salaries and offering comprehensive insurance and retirement benefits isn’t a feasible one for many employers in this sector. With an app such as that offered by Payactiv, senior care workers can view the company’s shift schedule online, which makes picking up or swapping shifts easy.

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Tailoring Open Enrollment to the Needs of Your Multi-generational Workforce

Payactiv

Retirement Planning Millennials and Gen Z may value guidance on long-term financial planning, while Baby Boomers will likely be interested in retirement planning. Gen X workers who may have delayed starting to save for retirement will welcome generous retirement savings matching and catch-up contributions.

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What to Look for on Your First Paycheck and Pay Stub

Payactiv

Some employees may even see deductions for health insurance premiums or retirement account contributions. Retirement Account Contributions If you contribute to a retirement account , your pay stub will reflect this. When your employer offers a retirement plan, it’s likely tax-deferred.

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Industry Insights: Manufacturing

Payactiv

Baby Boomers working in the manufacturing industry will retire in the next decade, creating a large void and a concerning labor shortage. The post Industry Insights: Manufacturing appeared first on Payactiv. HR Challenges in Manufacturing. Accounting for 11.7 We’re leading-edge. It’s not your grandfather’s manufacturing.