Employer-sponsored financial wellness pioneered by PayActiv is the key: A solution with benefits for employers and employees
"...research also found that such employer-sponsored financial products may improve employee retention, with turnover rates 19% lower among users of PayActiv." according to Todd H. Baker and Snigdha Kumar of Harvard Kennedy School in Wall Street Journal op-ed based on their recent working paper.
PayActiv has helped employees avoid over $35M in direct Fin-Tax® costs in 2018
"PayActiv costs the employee $5 in any month the product is used (although employers frequently subsidize all or part of the fee). Meanwhile, the typical overdraft or payday loan costs around $35. And PayActiv is available to all employees regardless of past credit history." - Todd H. Baker and Snigdha Kumar, Harvard Kennedy School