article thumbnail

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

article thumbnail

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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.

article thumbnail

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.

article thumbnail

Industry Insights: Healthcare

Payactiv

Most senior and experienced nurses are nearing retirement while some may leave earlier than expected due to burnout. One in six of the world’s nurses likely will retire in the next 10 years. Support your staff with Payactiv The post <strong>Industry Insights: Healthcare</strong> appeared first on Payactiv.

article thumbnail

Industry Insights: Healthcare

Payactiv

Most senior and experienced nurses nearing are retirement, or some leaving earlier than expected due to burnout. The post Industry Insights: Healthcare appeared first on Payactiv. During the Great Resignation, in the time it takes to hire one candidate, you could lose two workers. Vertical Fact. in 2020 was 51 years old.

article thumbnail

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.