This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
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.
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
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.
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.
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.
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.
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.
Did you know Payactiv members get a discount on TurboTax? Contribute to Retirement Accounts Contributions to traditional IRAs or employer-sponsored retirement plans , like a 401(k), can reduce your taxable income in the year of your contribution. Learn more here. Accounting apps and spreadsheets can help you stay organized.
Employer-Sponsored Retirement Plans Like home ownership, retirement has become a financial milestone that isnt guaranteed for todays employees. Increasing numbers of Americans arent meeting their retirement goals as they struggle financially due to high inflation and high interest rates. Learn more about Payactiv today!
Whether you’re just starting your career, in the midst of your financial journey, or nearing retirement, understanding where every dollar comes from and how to manage it is crucial for long-term financial wellness. Welcome back to The Good Cents by Payactiv podcast. Hello friends. There’s a lot of helpful information there.
Recent research found that half of all employees report moderate to high levels of financial worry, and many are leaning on retirement accounts as their primary emergency fund. Topics can include budgeting, savings strategies, debt management, and retirement planning. Payactiv is here to help.
Retirement and Savings plans Offer employer-sponsored retirement plans to help employees build a financial foundation for the future. These plans let employees contribute pretax dollars that grow tax-deferred until retirement. The Payactiv membership model comes at no cost to employers and a minimal cost to workers.
Women typically need more resources to live through retirement comfortably but have fewer financial resources. If youre tight on cash before payday, remember that you can use Payactiv to tap into earned wages before payday. Payactiv will not be liable for any losses, injuries, or damages from the display or use of this information.
Tip: Make goal saving easy and automatic with the Payactiv Visa® Card*. Retirement: Retirement planning is crucial, and living on Social Security isn’t a good idea because the program’s future is in doubt. Payactiv will not be liable for any losses, injuries, or damages from the display or use of this information.
Set money aside with the Payactiv Visa Ⓡ Card*. Use a tool like the Payactiv Visa Ⓡ Card* to reach your goals. The Payactiv Card is not a credit card. Get total visibility over each goal with SmartSave in the Payactiv app 1. Set up to $10,000 aside automatically with Payactiv. Automate, automate, automate!
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.
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. ,
Payactiv offers free 1:1 financial counseling in our app available in the Apple App Store and Google Play if you need support or assistance with your finances. Tip: The Payactiv Visa ® Card* comes with optional goal-based saving to help you put money into your emergency fund automatically on whatever schedule you choose.
But what if you were to put the money in a savings account with interest or invest it in a retirement account? While investing in the stock market comes with risks, it’s usually the right choice for long-term goals like retirement. Try our free savings tools in the Payactiv app ! How to turn lattes into a whole “lotta” money.
Track your spending: If you link your bank account to your Payactiv account , you can access your tracked spending in our app. Long-term goals include saving for a home down payment or investing for retirement. Alternatively, let Payactiv find the cheapest car insurance rate for you when you download the free Payactiv app 1.
These can include paid time off, health insurance, retirement contributions, allowances, loans, gym memberships, daycare facilities, and more. For example, millions of workers use Payactiv’s Earned Wage Access solution to access their earned wages in a flexible, timely manner. What Are Employee Benefits and Why Do They Matter?
You don’t need an employer-sponsored plan to save for retirement. It’s never too late to start saving for retirement. Planning for retirement can feel intimidating. Luckily, you don’t need much money to start retirement planning, and anyone can do it, even without a finance degree.
When you link your bank to your Payactiv account in the free Payactiv app 1 , SmartSpend tracks your purchases and categorizes them automatically. These may include an emergency fund that can cover your expenses for 3 months, retirement, investments, or increasing debt payments to pay them off faster. Basic Budget Example.
Equally concerning is that one in three Americans had decreased or halted their retirement fund contributions at that time. Payactiv is the leading provider of Earned Wage Access services which help people manage day-to-day finances and bills without taking out loans. Learn more about how Payactiv can help you.
Retired workers are the largest group of beneficiaries, but many children, spouses, and disabled people also receive these government benefits. Even better, why not speak to Payactiv about ways to boost your employees’ ability to manage their finances, stretch every dollar, and ease financial stress between paydays?
Payactiv’s free financial toolkit helps you get smart insights into your spending and flags what’s safe to spend and put away. Payactiv also offers free 1:1 financial counseling sessions in the Payactiv app. . Welcome back to the Payactiv podcast. We also want to remember retirement.
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. PayactivPayactiv prides itself on serving over 1500 global companies. Its price plan is also transparently priced per employee per month.
When you join the gig economy, you can use tools like the Payactiv Visa ® Card’s* SmartSpend feature to manage an irregular cash flow. It’s wise to prepare for the unique tax circumstances for self-employment and look for ways to save, like taking advantage of Payactiv’s TurboTax deals.
It can also help you maintain positive savings habits, such as regularly putting money away towards retirement savings. If you’re self-employed and hire employees, make sure to check out the benefits of Payactiv ! For more helpful tips and tricks, be sure to check out the Payactiv blog ! Start Budgeting Today.
Employer-Sponsored Retirement Plans Like home ownership, retirement has become a financial milestone that isn’t guaranteed for today’s employees. More than half of American workers think they’re falling behind with their retirement savings, and nearly 1 in 4 workers haven’t contributed to their retirement in at least a year.
Apply for the Payactiv Visa® Card* to set money aside automatically for the holidays and other goals in the free Payactiv app 1. Instead, continue to put aside money in a savings account, retirement fund, or anywhere else you were allocating your savings throughout the year. Apply for the Payactiv Visa Card.
Those who are financially prepared tend to handle financial challenges, such as personal bankruptcies, health issues, early retirement, job losses, debt repayment, and stress more effectively than those who lack financial preparedness. Learn more about Payactiv’s free or low-cost Financial Wellness benefit today.
Some relocate or retire, others decide to change career direction, and others simply elect to pursue attractive opportunities in other organizations. How Payactiv Can Help. Payactiv is the partner of choice for business leaders seeking to help their people participate fully in both work and life. Don’t Overlook Exit Interviews.
As a result, their focus is skewed toward financial topics like planning for retirement or refinancing a home loan. Entry-level hires who are fresh out of college probably care more about their student debt than retirement savings. Baby Boomer employees are probably most concerned about managing their assets throughout retirement.
For example, someone could tap into their retirement accounts, triggering taxes and penalties, rather than find better solutions to improve their finances. With over an additional one-third of retirement investors taking hardship withdrawals, many are clearly facing financial difficulties.
Don’t forget to subscribe to the Good Cents Podcast by Payactiv wherever you get your podcasts to stay in the loop! Welcome to the Good Cents podcast by Payactiv. Eric Rosenberg: I’m thrilled that the Good Cents by Payactiv podcast is listed in there. Eric Rosenberg: Hi, I’m your host, Eric Rosenberg.
Or, maybe you want to take a trip together or retire comfortably so your kids won’t have to worry about providing for you after you leave the workforce. Ideally, you’ll start by maxing out your tax-advantaged retirement accounts. Be sure to use the Goal-Based Saving 1 s feature in the Payactiv app to help you track your progress.
Thinking long-term is getting harder for many employees—just 31% continue prioritizing their retirement, down from 45% in 2022. The top reasons given for tapping into retirement savings are avoiding foreclosure and paying medical expenses.In 45% say they’re not saving for future healthcare costs. To better understand how EWA helps U.S.
Take the time to learn how to invest in your future with tax-advantaged retirement accounts. If you need help with financial literacy concepts, you can contact a KOFE financial counselor for free as a Payactiv member. One of the best ways to do this is by investing in a tax-advantaged retirement account.
As Baby Boomers enter retirement, many are struggling with rising debt. This worrying trend can lead to financial instability and a lower quality of life in retirement. The average retired couple can expect to spend around $315,000 on healthcare expenses in retirement.
However, when it comes to your retirement, you won’t be able to get scholarships to cover the costs of aging. This is why it’s critical to make sure you’re fully funding your retirement accounts before setting ambitious goals for your children’s financial planning. Those advantages just transform into a retirement account.
But what if you were to put the money in a savings account with interest or invest it in a retirement account? Investing While investing in the stock market comes with risks, it’s usually the right choice for long-term goals like retirement. Try our free savings tools in the Payactiv app ! Need help getting started?
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.
when you download the Payactiv app 1. To schedule a coaching session, open the Payactiv app home screen and tap the menu button on the top right corner. Continue listening to Eric and Mario’s conversation below or read the transcript below: Eric Rosenberg: Hello, my name is Eric Rosenberg, the host of the Payactiv podcast.
We organize all of the trending information in your field so you don't have to. Join 318,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content