Payactiv

JULY 18, 2024

The most common cost-of-living raise is the government’s yearly increase in Social Security benefits, but companies also apply them to employees’ yearly wages or salaries, benefits, and other compensation elements. A raise refers to an increase in a worker’s salary or hourly wage that boosts their spending power.

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Payactiv

APRIL 2, 2024

These can include paid time off, health insurance, retirement contributions, allowances, loans, gym memberships, daycare facilities, and more. Some people prefer flexibility around the hours they work or where they work from, while others want more financial flexibility. What Are Employee Benefits and Why Do They Matter?

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Payactiv

APRIL 8, 2024

The availability of tax credits and deductions increases if you have children, save for retirement, or pay out-of-pocket for college tuition. You can save $15 on your TurboTax returns as a Payactiv member. As an hourly worker, tax credits and deductions can save you money on your tax return or help you get a refund.

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Payactiv

APRIL 8, 2024

The availability of tax credits and deductions increases if you have children, save for retirement, or pay out-of-pocket for college tuition. You can save $15 on your TurboTax returns as a Payactiv member. As an hourly worker, tax credits and deductions can save you money on your tax return or help you get a refund.

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Payactiv

MARCH 8, 2022

It begins with their candidacy for a position in the company, through to the hiring process, onboarding, performance management, compensation, learning and development, rewards, and all the way to their exit from the organization. Now employers – especially in low-wage sectors – are struggling to fill open positions.

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Payactiv

MAY 21, 2024

Also, look for service providers that offer live services during business hours and on-demand resources such as educational articles, videos, and other digital tools and calculators that address common financial well-being topics. The best financial wellness programs focus on the following elements: Building employees’ financial literacy.

PayActiv 52

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Payactiv

MARCH 29, 2022

However, this goes well beyond regular salaries and wages, as we’ll explore in the next section. Gross Wages. You can calculate gross wages by multiplying your employees’ hourly wage amount by the number of hours they work during your payroll period. An Explanation of Payroll Expenses.

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Payactiv

MAY 15, 2024

Spring symbolizes a fresh start, an opportunity for employees to foster their personal and professional growth and well-being by pursuing new interests, learning new skills, or improving their physical, mental, and financial health. It will only take an hour during the workday and can even be enjoyed during employees’ lunch breaks.

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Payactiv

JUNE 16, 2023

Payactiv honors your service and sacrifice with tools to help you reach the financial success you deserve. Fortunately, tools like SmartSave on the Payactiv App 1 can help you break down your savings goal into manageable, reasonable chunks. Payactiv members get access to free financial coaching from experienced financial counselors.

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Payactiv

MARCH 31, 2022

The demand for online shopping experienced a huge growth while more people lost their jobs at one time than people had previously imagined possible, creating a huge impact on the logistics industry. Many workers haven’t returned to work because they decided to switch careers in the pandemic, while others retired early.

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Payactiv

OCTOBER 24, 2023

Keep reading if: You’re among the millions feeling anxious and uncertain about how to get a better handle on your money You’re intimidated by the prospect of creating a budget You’re wondering how to begin saving for retirement when you’ve gotten off to a late start You’re simply trying to make ends meet. With stress mounting, U.S.

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Payactiv

OCTOBER 5, 2023

Keep reading if: You’re among the millions feeling anxious and uncertain about how to get a better handle on your money You’re intimidated by the prospect of creating a budget You’re wondering how to begin saving for retirement when you’ve gotten off to a late start You’re simply trying to make ends meet. With stress mounting, U.S.

Wage and Hour Training 52

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Payactiv

OCTOBER 24, 2022

Most people are happy to work hard during their contracted hours, but they also want to devote their time to themselves, their families, and their friends. Unreasonable deadlines, consistently long shifts, unpredictable schedule changes, and the expectation to work after hours regularly can quickly take a toll on enthusiasm and loyalty.

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Payactiv

NOVEMBER 19, 2024

However, this goes well beyond regular salaries and wages, as we’ll explore in the next section. Payroll Costs Beyond Salary: A Deeper Dive Here’s a quick overview of some of the most significant payroll costs: Gross Wages This portion of your payroll expenses goes to paying hourly workers.

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Payactiv

NOVEMBER 16, 2016

It will also help you understand the learning and retention abilities of employees. How to motivate your employees By Insights Team on November 16, 2016 --> With holidays fading and winter to contend with, employees may feel a little uninspired about the prospect of another year of work. Each employee is a link in a chain.

Wage and Hour Training 52

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Payactiv

APRIL 7, 2022

The heart of every business is its employees, and these employees need to be paid their wages on a regular basis. It typically involves the calculation of wages, deductions, and net pay. Payroll management also encompasses the timely payment of these wages and the filing of any relevant taxes and employee benefits.

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Payactiv

DECEMBER 16, 2022

Inquire about financial wellness benefits like Earned Wage Access (EWA). But learning the ins and outs of health insurance, retirement plans, and payroll perks can help improve your finances. But learning the ins and outs of health insurance, retirement plans, and payroll perks can help improve your finances.

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Payactiv

SEPTEMBER 6, 2022

Most people are happy to work hard during their contracted hours, but they also want to devote their time to themselves, their families, and their friends. Unreasonable deadlines, consistently long shifts, unpredictable schedule changes, and the expectation to work after hours regularly can quickly take a toll on enthusiasm and loyalty.

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Payactiv

DECEMBER 20, 2024

Some retire or move to another part of the country. When measured in monetary terms, the direct costs of replacing an employee can range from 50% to 200% of their annual salary (one-half to twice their annual salary). But the price goes well-beyond dollars and cents. So, why does it cost so much to replace a departing employee?

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Payactiv

MAY 12, 2024

Every year on Mother’s Day, we pay tribute to the extraordinary women whose guidance and love shape our lives and futures. Motherhood often allows little time for rest, especially for working moms who bear the enormous stresses of managing self, work, and family. This Mother’s Day, let’s explore some employee benefits that matter most to moms.

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Payactiv

APRIL 22, 2024

Here’s just one compelling reason why: A study in a 2023 issue of the Journal of Financial Literacy and Well-being revealed that a well-structured financial education program can remove at least 1 hour per week of worry and distress for each employee who participates in that program.

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Payactiv

APRIL 22, 2024

Here’s just one compelling reason why: A study in a 2023 issue of the Journal of Financial Literacy and Well-being revealed that a well-structured financial education program can remove at least 1 hour per week of worry and distress for each employee who participates in that program.

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Payactiv

APRIL 5, 2022

A recent survey revealed that nearly half of low-wage workers had trouble paying their bills during the pandemic and around a third struggled to pay their rent or mortgage. Nearly 1 in 5 health care workers have quit their jobs during the pandemic, while another 12% have been laid off. The Struggles of Healthcare Workers. Low Salaries.

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Payactiv

MAY 24, 2022

According to recent research , one-fifth of US workers are currently making withdrawals from their retirement savings. In addition, it reduces the amount of compound growth on the employee’s retirement funds – important savings that are meant to support them in their old age. 5 Signs of Employee Financial Stress.

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Payactiv

AUGUST 24, 2023

Additionally, many senior citizens feel they must keep working to ensure they can retire comfortably due to inadequate savings and the escalating cost of living. A multi-generational workforce promotes diverse thinking and can offer significant business benefits. Employers should see differences as opportunities or “productive friction.”

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Payactiv

FEBRUARY 15, 2022

They’re never the ones to slack off just because the boss isn’t looking. This includes everything from recruitment agency fees and job advertisements to training new hires. The notion of employee loyalty is complex and multi-faceted. In this article, we’ll explore how. Employee Loyalty – What Exactly Is It?

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Payactiv

OCTOBER 19, 2021

As the war for talent rages on and candidate shortages escalate, the balance of power has tipped firmly in favor of job seekers. Now, they can pick and choose among prospective employers, and their expectations have never been higher. What Exactly Is an Employee Value Proposition? What Is the Importance of an Employee Value Proposition?

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Payactiv

DECEMBER 23, 2024

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. People who are laid off due to workforce reduction or restructuring also fall into this group. According to a recent Gallup survey, 51% of U.S.

Hiring Software 52

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Payactiv

APRIL 12, 2022

Some retire or move to another part of the country. All too often, once an employee has handed in their letter of resignation, they “take their foot off the gas,” – assuming they’re required to work out a notice period in terms of their contract of employment and don’t leave immediately. High Employee Turnover Costs Money.

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Payactiv

OCTOBER 21, 2021

Learning how to sidestep the debt trap of credit cards means fundamentally changing the way you use them. When their monthly credit card bill arrives in the mail, they decide to make only the minimum payment, telling themselves they’ll pay off the debt in full when their finances improve. Credit cards can be a double-edged sword.

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Payactiv

JANUARY 8, 2021

According to a recent analysis , by the time Gen Z and millennials retire, they’ll need around $120,000 to $150,000 per year to live comfortably — making $3 million the average amount they need to retire. By the time younger generations retire, things will be even more expensive.

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Payactiv

DECEMBER 26, 2023

These might include financial literacy courses, budgeting and saving tools, and resources for retirement planning. Also consider on-demand pay solutions that allow employees to access their already-earned wages when they need money for essentials. What’s a Benefits Plan Checklist and Why Does It Matter?

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Payactiv

MARCH 22, 2022

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. People who are laid off due to workforce reduction or restructuring also fall into this group. The figures are pretty alarming. What is Employee Turnover?

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Payactiv

JANUARY 22, 2021

It’s easy to be tempted away from our desire to save by the right deal, but that only leads to guilt and misery when we consider where we veered off course. Payactiv helps people like you gain control of their finances and set savings goals. So, benefit one is getting a little weight off your shoulders.

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Payactiv

MARCH 1, 2022

If you’ve had to dust off your “We’re Hiring!” At Payactiv, we believe that a well-considered, two-pronged hiring process is the way forward. ” signs over the last few months, you’re not alone. According to Gartner, Inc.’s Current US vacancies are highest among low-skill occupations.

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Payactiv

NOVEMBER 19, 2024

They’re never the ones to slack off just because the boss isn’t looking. Many employees are staying longer in their current roles due to the stability employers provide. But don’t let outward behaviors deceive you. According to a new report from Gallup, over half of U.S. employees are watching or actively seeking a new job.

Retention and Turnover 52

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Payactiv

FEBRUARY 27, 2021

Offer an Earned Wage Access program Earned Wage Access is one of the most popular and growing financial wellness program today. Offer an Earned Wage Access program Earned Wage Access is one of the most popular and growing financial wellness program today. Do you want to have a more financially responsible staff?

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