Payactiv

JANUARY 12, 2021

Known for its redheaded girl logo, square burgers, and Frosty drinks, Wendy’s franchise is one of the top fast food chains in America; however, like the rest of the QSR industry, it also struggles with employee turnover rates as high as 130%.Offering It costs a lot of money to constantly recruit and train new employees.

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Payactiv

JANUARY 16, 2024

And now, fintech is coming to employee benefits, revolutionizing financial care for workers in unprecedented ways. Financial wellness benefits are high on this list. By helping employees with financial challenges, employers can improve related workplace outcomes like retention, satisfaction, and productivity.

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Payactiv

MARCH 2, 2023

Financial stress is pervasive among employees, with 97% reporting stress and 80% concerned about inflation. Earned Wage Access (EWA) is an in-demand financial wellness benefit that gives employees access to pay accrued but has yet to be received. Many tools like these, both free and paid, exist in the marketplace.

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Planning Tools Assessment Software Recruiting Software Wellness 52

Payactiv

DECEMBER 20, 2023

The concept makes perfect sense: You pay your babysitter or the professional who mows your lawn on the same day that they provided the service —so why not your employees? The entire process is automated, so there is no extra work for the employer and the employee can access their funds in seconds.

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Recruiting Software Payroll PayActiv Retention and Turnover 52

Payactiv

MARCH 19, 2021

Showing you care for your employees’ financial health goes a long way. Turnover Reduction Payactiv users have shown to be more than 30% less likely than non-users to leave a company on average. Happier Employees With an eNPS score of 84.7, Get the whitepaper

PayActiv 52

PayActiv Wellness Retention and Turnover Recruiting Software 52

Payactiv

FEBRUARY 24, 2022

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%. This is a highly sought-after recruitment tool that gives employers and employees an edge. .

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Hiring Software Recruiting Software HR Software Wage and Hour Training 98

Payactiv

APRIL 30, 2021

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). Better recruitment, retention and engagement all at ZERO cost to you. Tips and mileage payouts. Communication platform.

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Payactiv

SEPTEMBER 23, 2020

InfoCision values its customers as much as it values its 2,500 employees and focuses on creating an environment conducive to employee wellness. InfoCision has been live with Payactiv since 2018. We really saw the need to provide our employee base with a way to allow them to access their wages on demand.

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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. Contributions in this category include Social Security and Medicare as well as industrial and unemployment insurance premiums. Tax withholdings are the federal income taxes you withhold from your employees’ paychecks.

Payroll 52

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Payactiv

FEBRUARY 1, 2022

Scheduling employees properly can make a huge difference and improve retention, as well as cutting back on absenteeism rates. Deskless employees and shift workers don’t tend to have email access or any contact at all with the management level of the company, so it’s understandable that they may feel forgotten.

PayActiv 52

PayActiv Planning Tools Retention and Turnover Employee Benefits 52

Payactiv

JULY 12, 2022

According to the Financial Health Network, Earned Wage Access – also known as EWA or on-demand pay – “allows employees to safely draw some or all of their earned wages before payday.” What Are the Benefits of Earned Wage Access? Lastly, it is important for businesses to minimize any employee fees related to EWA. billion in 2020.

Hiring Software 52

Hiring Software HR Software Recruiting Software PayActiv 52

Payactiv

DECEMBER 28, 2021

This page is set up to give you the latest information on what’s happening in the hiring market right now, as well as the trends restaurants, are facing when it comes to hiring. Fast food and faster turnover. Our eBook serves up the secrets to keeping QSR employees and hiring more in 2022. Download Now. The QSR Facts.

Wage and Hour Training 52

Wage and Hour Training Industry Hiring Software Retention and Turnover 52

Payactiv

DECEMBER 28, 2021

This page is set up to give you the latest information on what’s happening in the hiring market right now, as well as the trends retailers, are facing when it comes to hiring. Fast food and faster turnover. Our eBook serves up the secrets to keeping QSR employees and hiring more in 2022. Focus on retention of current employees.

Wage and Hour Training 52

Wage and Hour Training Industry Hiring Software Retention and Turnover 52

Payactiv

APRIL 13, 2016

Return to Blog Home HR Strategy for Corporate Financial Wellness Programs By Sabina Bhatia on April 13, 2016 --> The American economy continues to struggle and employees across all socioeconomic classes need help to meet ordinary recurring expenses. Why Are More Businesses Considering a Financial Wellness Program?

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HR Planning HR Software Wellness Strategy 52

Payactiv

MARCH 1, 2022

At Payactiv, we believe that a well-considered, two-pronged hiring process is the way forward. Organizations need to reimagine their recruitment approaches and optimize their retention strategies. While it does take time and effort to execute a winning recruitment strategy, the rewards are well worth it.

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Recruiting Software Hiring Software Recruitment Strategy 52

Payactiv

AUGUST 14, 2017

And cultivating a culture of compassion in the workplace delivers many benefits to a business. Here are the top 3: Improved Employee Retention Unhappy employees result in high turnover rates. The costs associated with high turnover are expensive (it costs $3,328 to replace a $10/hour retail employee alone).

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Planning Tools HR Software Wage and Hour Training PayActiv 52

Payactiv

MARCH 22, 2022

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. What is Employee Turnover?

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Hiring Software Wage and Hour Training Retention and Turnover Onboarding Software 52

Payactiv

JUNE 23, 2021

Turnover is costing you exorbitant amounts of money every year and HR departments have been fighting it for decades. The numbers continue to inflate, the need to differentiate yourself from competitors is more important every year, and the cost associated with turnover can debilitate or even cripple a company. Healthcare. Senior Care.

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Payactiv

MAY 4, 2022

Earned Wage Access (EWA), an innovative employee benefit program created by Payactiv, has been gaining attention and traction with each passing year. Let’s take a closer look at Earned Wage Access, understand what it is (and isn’t), and consider why it makes business sense to add it to your suite of employee benefits.

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Payactiv

OCTOBER 5, 2021

Unsurprisingly, the call center industry also holds record rates of turnover when compared to nearly every other industry in the world. This makes customer service employees’ dedication to work even more impressive and valued among those who interact with them, which -hint- has been everyone at some point in their lives.

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Recruiting Software Wage and Hour Training Onboarding Software PayActiv 59

Payactiv

JULY 13, 2020

In your gut, you really want to help your employees, although, prior to Payactiv we didn’t have any concrete solutions to offer.”Last The results have been phenomenal in reducing employees stress and improving morale at work as well as improving retention and recruitment.

PayActiv 52

PayActiv Hiring Software Recruiting Software Retention and Turnover 52

Payactiv

NOVEMBER 16, 2021

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%. In an average year, the QSR industry is home to nearly 5 million employees. These employees are often working at an entry-level capacity, part-time and in school, or full-time.

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Hiring Software Recruiting Software Onboarding Software PayActiv 52

Payactiv

DECEMBER 4, 2017

Taking a close look series Part 1: Workplace Morale Part 2: Employee Engagement Part 3: Employee Retention Employee Engagement Contrary to popular belief, people need only a few things to become highly engaged employees: a sense of social responsibility and purpose and the right day-to-day employee benefits.

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