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Building a Resilient Healthcare Workforce through Financial Wellness Programs

Payactiv

financial system, employing over 18 million workers. Besides burnout, many healthcare professionals are nearing retirement age , which will intensify the sector’s staffing crisis. Healthcare is one of the fastest-growing sectors in the U.S. However, healthcare facilities nationwide are struggling to hire and retain talent.

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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. What Is a Recruitment Strategy? Building a Winning Recruitment Strategy.

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Empowering Your Employees Financial Wellness Fireside Chat with OnShift

Payactiv

Payactiv , a Public Benefit Corporation and Certified B-Corp, provides on-demand access to earned but unpaid wages. Businesses that partner with Payactiv to offer financial wellness services to their workforce see significant cost reductions through increased recruitment, engagement, and retention. A Fireside Chat with OnShift.

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A Brief on Employee Experience vs. Employee Engagement

Payactiv

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. Optimize Onboarding. Effective onboarding is important for several reasons.

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Cost of Replacing Employees In Business

Payactiv

Some retire or move to another part of the country. Recruitment Costs. These costs can include the man-hours that your internal recruiter puts into the candidate search (writing job descriptions, screening resumes, scheduling and attending interviews, and doing background and reference checks, to name a few.). Be Flexible.

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Improve Your Employee Value Proposition

Payactiv

Recruit Top Talent. For this reason, optimizing your onboarding process should definitely be part of an employee value proposition. Minimize Recruiting Expenses. That means that your HR team will need to spend less time and money working with recruitment and headhunting firms. Employment Advantages.

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What Does a High Turnover Rate Indicate for Your Business?

Payactiv

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. Today, there are numerous HR software tools at your disposal that you can use to analyze your business’s turnover trends by month, year, or quarter.