article thumbnail

Building a Resilient Healthcare Workforce through Financial Wellness Programs

Payactiv

Besides burnout, many healthcare professionals are nearing retirement age , which will intensify the sector’s staffing crisis. Mid-level managers : Financial wellness programs can help workers in this category balance competing financial priorities such as retirement planning, investing, and saving to reach short-term goals.

article thumbnail

How Payactiv Can Boost Satisfaction and Retention for Employees

Payactiv

Companies using financial wellness benefits provided by Payactiv report increased retention rates and reduced business turnover by 30% on average, and 81% of employees say they’re more likely to stay with their current employer because of these benefits. They don’t see the value in using an employer-sponsored retirement plan.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Empower Your Workforce: A Tribute to National Employee Benefits Day with Payactiv

Payactiv

These can include paid time off, health insurance, retirement contributions, allowances, loans, gym memberships, daycare facilities, and more. For example, millions of workers use Payactiv’s Earned Wage Access solution to access their earned wages in a flexible, timely manner. What Are Employee Benefits and Why Do They Matter?

article thumbnail

How this HR’s Rising Star and ‘numbers person’ innovates in hard-hit hospitality

HRExecutive

A self-described “numbers and analytics person,” Riddle got to use those skills during a crash course on retirement plan management in a college internship at a Washington, D.C., So far, Aimbridge employees have made more than 320,000 PayActiv transactions, totaling $27 million in earned wages. nonprofit. “I

article thumbnail

Industry Insights: Healthcare

Payactiv

Most senior and experienced nurses are nearing retirement while some may leave earlier than expected due to burnout. One in six of the world’s nurses likely will retire in the next 10 years. Support your staff with Payactiv The post <strong>Industry Insights: Healthcare</strong> appeared first on Payactiv.

article thumbnail

Optimizing Hiring and Retention Strategies for Healthcare Workers

Payactiv

Most senior and experienced nurses are nearing retirement while some may leave earlier than expected due to burnout. One in six of the world’s nurses likely will retire in the next 10 years. Support your staff with Payactiv The post Optimizing Hiring and Retention Strategies for Healthcare Workers appeared first on Payactiv.

article thumbnail

5 Strategies for Supporting Senior Care Workers

Payactiv

Given their limited budgets, the option of increasing salaries and offering comprehensive insurance and retirement benefits isn’t a feasible one for many employers in this sector. With an app such as that offered by Payactiv, senior care workers can view the company’s shift schedule online, which makes picking up or swapping shifts easy.