Remove PayActiv Remove Retirement Remove Sales hiring
article thumbnail

How Payactiv Can Boost Satisfaction and Retention for Employees

Payactiv

You’d likely hope for an increase in yearly sales and profits. 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.

article thumbnail

What is a Cost-of-Living Raise?

Payactiv

Retired workers are the largest group of beneficiaries, but many children, spouses, and disabled people also receive these government benefits. Hiring in a competitive market can be challenging, and offering competitive pay and fair cost-of-living raises is an effective way to retain employees. appeared first on Payactiv.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Financial wellness programs compared

Payactiv

Some include retirement planning, financial literacy, investment planning, debt management, savings schemes, emergency funds, and so on. While it should help the business achieve greater operational efficiency by way of reduced turnover, increased productivity, reduced absenteeism and greater recruitment.

article thumbnail

3 Ways to Support Hard-Working Moms this Mother’s Day

Payactiv

Why Hiring Working Moms Makes Business Sense Working moms have cultivated diverse skills that are as applicable to the workplace as they are to child care, including organization, prioritization, multi-tasking, communication, patience, and empathy. Payactiv Connect has been specifically developed to solve this problem.

article thumbnail

What Does a High Turnover Rate Indicate for Your Business?

Payactiv

Their reasons for leaving might include accepting a new job elsewhere, personal commitments or challenges, or a desire to further their education, relocate, or retire. Recruitment has become an almost fully digital industry, and with online job boards proliferating, it’s quick and easy to discover and apply for new positions.

article thumbnail

M&A Friday! This Week’s HR Deals and Trending #HotInHR News

Advos

Our weekly recap of fundings, mergers & acquisition, partnership and other interesting news from the human resource, recruitment and employee benefits marketplace. PayActiv Raises $20 Million to Expand Financial Wellness Offering for Millions of Financially Stressed Workers. Tags: Amazon, Recruitment. Sign up now.

article thumbnail

Good Cents Ep. 7: Are Side Hustles Worth It?

Payactiv

On this episode of the Good Cents podcast by Payactiv, Eric and Sydney talk about how to turn a fun hobby into a small-scale money-making business. Welcome back to the Payactiv podcast. I have hired people to help me with projects who live on the other side of the world in Asia. Spoiler alert! Eric Rosenberg: Hey everyone.