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10 Best Financial Wellness Software in 2023

HR Lineup

Financial wellness software has become an essential tool for individuals and organizations seeking to improve their financial health. In 2023, the demand for such software has surged, prompting innovation and improvements in existing solutions. What is Financial Wellness Software?

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Payactiv Is a Finalist for the 2021 BAI Global Innovation Award

Payactiv

And that’s almost enough for us — to be recognized for our tireless efforts to promote such a beautiful and limitless phrase, human capital. After all, our mission at Payactiv is to build stability for low-wage workers so that they have space to reach their potential. Read on to learn about our app.

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What Are Payroll Costs – A Quick Overview

Payactiv

Payroll expenses are the costs associated with compensating people for the work they do for your business – whether they’re full-time workers, hourly workers, or contractors. An Explanation of Payroll Expenses. Payroll expenses represent all the costs an employer incurs to compensate its workers for their labor. Payroll Taxes.

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8 Ways to Support Teachers and Education Workers

Payactiv

Teachers need to start developing their lesson plans and getting their classrooms ready to welcome both new and familiar faces. Financial wellness programs provide employees with tools, coaching, and support to better equip them to manage their day-to-day personal financial concerns. How Payactiv Can Help.

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Employees Have Other Options than 401(k) Withdrawals to Manage Financial Hardship

Payactiv

When workers run low on funds, financial stress could push them to make poor long-term decisions in pursuit of short-term solutions. For example, someone could tap into their retirement accounts, triggering taxes and penalties, rather than find better solutions to improve their finances.

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Why HR Leaders are Rushing to Invest in the Financial Health of their Employees

Payactiv

59% of employees confirm that finances cause most of their stress and if employees feel burdened by stress, it becomes an HR problem. HR leaders are recognizing the importance of the financial health of their employees and are actively looking for effective solutions to their needs.

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Empowering Employees to Relieve Financial Stress, Improve Patient Care

Payactiv

Unrivaled HR benefits like these help recruit and retain the best and the brightest employees, to deliver the compassionate, state-of-the-art patient care for which the hospital is known. Johnson was pleasantly surprised when he looked at the price tag: There wasn’t one.