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Compensation and Benefits

Analytics in HR

Together, they make up a total compensation package, which may include salary, bonuses, insurance, retirement contributions, and various other perks aimed at attracting, motivating, and retaining employees. Compensation is the money an employee receives in exchange for their labor, which could be a salary, wages, commission, and bonuses.

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Empowering Employees to Relieve Financial Stress, Improve Patient Care

Payactiv

Industry: Hospitals Baton Rouge General provides staff members with groundbreaking financial wellness services that include immediate access to earned wages plus innovative ways to increase savings and eliminate debt.

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How to retain employees in healthcare sector

Payactiv

Participants access their earned wages and other financial services at a nominal, fixed per transaction fee for employees. In particular, the hospital’s “total rewards” program promotes wellness, balance, and career development, including financial wellness benefits and incentives in the form of discounts and bonuses.