Post-COVID? Our world is anything but. Yet, as cities and states “open up,” companies strive to return to business as usual. Productivity and profits beg for a boost, and workers ache for stability. You can help your company recoup its losses and offer your employees a foothold they can use to make progress toward financial wellness NOW.
Financial Wellness Reduces Stress and Boosts Worker Productivity
Many workers emerge from lockdown reeling from financial stress, pain, or even trauma.
Over the course of pandemic protocol, their work hours might have been reduced or their jobs cut. They might have lost their homes, cars, and other bare necessities. Perhaps they survived by draining what little savings they had or were forced to incur new, high-interest debts to feed and care for themselves and their families.
Even before the pandemic, 29 percent of Millennials, 20 percent of Gen Xers, and 14 percent of baby boomers said that not being able to “keep up” with debts marked their top financial concern.
In fact, many workers might have developed Acute Financial Stress (AFS), a psychological disorder closely related to PTSD that reduces people’s capacity to think logically and act practically. For workers to return to work healthy, mentally, and emotionally, they need immediate support in cultivating financial wellness.
Human Resources Offers Workers Post-COVID Support
As someone in human resources, you can help workers grow their financial strength and boost office productivity at the same time. You can do so through PayActiv.
PayActiv offers a place to start on the path to financial wellness.
Thirty-four percent of employees define “financial wellness” as not being stressed about their finances,” and more than half of workers said that “financial or money matters/challenges” cause them the most stress.
Through PayActiv, workers gain instant access to wages as they earn them. That helps workers pay bills and manage their finances without having to wait a long two weeks for pay.
Financial planning also becomes much easier for PayActiv users, who can use the PayActiv app to access financial counseling, budgeting tools, savings tools, and discounts on prescriptions. Workers who want to can also pay for Uber rides and purchases from Amazon through their PayActiv accounts.
We are here for you to help you provide financial distress solutions to your employees. Reduced stress can help your workers show up ready to work, happier and healthier both mentally and emotionally. Recovery begins with giving workers immediate access to their earned wages and offering them tools to build their financial wellness every single day.
 PwC’s 8th Annual Employee Financial Wellness Survey, PwC US, 2019, https://www.pwc.com/us/en/industries/private-company-services/images/pwc-8th-annual-employee-financial-wellness-survey-2019-results.pdf.
 PwC’s 8th Annual Employee Financial Wellness Survey.
From maxed-out credit cards and mounting student loan debt to rising interest...
* The Payactiv Visa Prepaid Card is issued by Central Bank of Kansas City, Member FDIC, pursuant to a license from Visa U.S.A. Inc. Certain fees, terms, and conditions are associated with the approval, maintenance, and use of the Card. You should consult your Cardholder Agreement and the Fee Schedule at payactiv.com/card411. If you have questions regarding the Card or such fees, terms, and conditions, you can contact us toll-free at 877-747-5862, 24 hours a day, 7 days a week.
**Central Bank of Kansas City is the issuer of the Payactiv Visa Prepaid Card only and does not administer, endorse, nor is liable for the Payctiv App.
1 Standard rates for data and messaging may apply from your wireless provider.
Google Play and the Google Play logo are trademarks of Google LLC.
Apple and the Apple logo are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc., registered in the U.S. and other countries.