Tired of Employee Turnover? Increase Retention with this Easy to Implement Cost-Free Solution

Payactiv

Turnover is costing you exorbitant amounts of money every year and HR departments have been fighting it for decades. Replacing an employee making $10 per hour equates to $3,328 and this number continues to increase with higher brackets. How Is Turnover Affecting Your Industry?

Tackling Logistics Labor Shortages: Why Employee Benefits Are Key

Payactiv

Experts have proposed several solutions to end the labor shortage and, in this article, we’ll focus on how employee benefits can help resolve this problem for companies and consumers alike. How Employee Benefits Can Help the Logistics Industry.

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What Does a High Turnover Rate Indicate for Your Business?

Payactiv

Employee turnover rates are at an all-time high, which doesn’t bode well for businesses across all industries. In this article, we’ll spend some time understanding the concept of employee turnover, why it happens, and pre-emptive steps you can take to minimize it.

Industry Insights: Senior Care

Payactiv

Ongoing health concerns and typically high turnover rates are leaving thousands of senior care facilities understaffed and overworked. Read how partnering with Payactiv results in a significant increase in employee engagement and retention.

Industry Insights: Healthcare

Payactiv

The turnover rate near double creates the perfect storm. Healthcare systems are experiencing double-digit turnover rates and difficulty recruiting. While many healthcare recruiters blame the Great Resignation for the high turnover rates, it’s hardly the only culprit.

Industry Insights: Call Center

Payactiv

Learn more about the four big benefits of offering earned wage access to your call center employees. The average call center turnover rate averages between 30% to 45%. This turnover rate is considered very high. Agent Turnover — Why Are They Quitting?

What Are Payroll Costs – A Quick Overview

Payactiv

Depending on a worker’s employment type and the nature of the company’s benefits, other payroll costs could include bonuses, tips, commissions, and paid leave. Tax withholdings are the federal income taxes you withhold from your employees’ paychecks. Employee Benefits.

National Customer Service Week: A Thank You to Those Who Answer The Call

Payactiv

These are call center employees, also known as customer service reps. Unsurprisingly, the call center industry also holds record rates of turnover when compared to nearly every other industry in the world. Call Centers Must Consider the Employees’ Mental Health.

Is Absenteeism a Problem? You Need More Flexible Shift Scheduling

Payactiv

Shift work, in its nature, may change week by week but, understandably, absenteeism levels are higher in sectors where employees may be scheduled to work shifts they can’t do due to other commitments. Payactiv Connect has been developed to solve this problem.

A Wake-Up Call: 3 Ways to Ensure Your Hotel Staff Enjoy Their Stay

Payactiv

Thousands of hotel employees ask themselves this question every year and the resounding answer is “no”. . According to the Bureau of Labor Statistics, in an average year, the hospitality industry has a typical turnover rate of 73.8%. Consider Investing In Employee Financial Health.

Stand Out in the Hiring Process

Payactiv

Stand Out in the Hiring Process: The Benefit Your Essential Workers Actually Want. Payactiv is the most valuable employee benefit that can dramatically improve financial wellness and increase employee satisfaction with solutions like: On-demand pay (Earned Wage Access).

Industry Insights: Hospitality

Payactiv

Consequently, to attract new employees, hospitality industry players are forced to increase wages. Hotels may be beacons of light for patrons in the midst of long journeys, but they have experienced consistently high levels of employee turnover, retention issues, and understaffing.

National Fast Food Day: Thanking the Fast Food Workers

Payactiv

Every time we make a stop, we’re greeted by a fast food employee. Fast Food, Faster Turnover. QSRs aren’t just known for their quick turnaround and service, they’re also known for having a turnover rate of up to 150%.

Industry Insights: Quick Service Restaurants

Payactiv

Customers have surged back to Quick Service Restaurants, but are seeing more closed doors, “help wanted” signs, and employee strikes than ever before. Employees deemed “essential” at the height of the pandemic have grown tired of poor treatment and have joined “The Great Reassessment” in mass.

Industry Insights: Quick Service Restaurants

Payactiv

Customers have surged back to Quick Service Restaurants, but are seeing more closed doors, “help wanted” signs, and employee strikes than ever before. Employees deemed “essential” at the height of the pandemic have grown tired of poor treatment and have joined “The Great Reassessment” in mass.

11 Recruiting Strategies to Help Your Business Stand Out

Payactiv

Employers are concerned about their ability to deliver value propositions that satisfy employees and a subsequent inability to retain and recruit talent. At Payactiv, we believe that a well-considered, two-pronged hiring process is the way forward. Create an Employee Wellness Program.

Learning Corner With Jeffrey Pfeffer: Employers Can—and Should—Make Every Day Pay Day

Cornerstone On Demand - Talent Management

When a former participant in a Stanford executive program invited me to join the advisory board of PayActiv , a company providing employees access to their earned wages between pay periods, I had no idea about the pressing need for what has become a growing industry and movement. Yet giving people access to their money more quickly represents one small but important step to reducing an epidemic of employee financial stress.