Calculate Cost Reduction

According to recent studies, 70% of employees are likely to be attracted to another company that cares more about their financial well-being. Turnover among PayActiv users is 30% less than overall turnover. Find out what reduced turnover could mean to your business bottom line.

PayActiv does this by effectively improving financial wellness amongst low to middle income employees by providing timely access to funds and services including better banking products, savings and budgeting tools, discounts, financial health measurement and counseling.

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Calculate your cost reduction

Adjust these fields for your business to see the results below
Total employees
100
100
10000
Less than $25/hr
5%
50%
100%
Existing turnover
5%
30%
100%
FinTax cost
$50
$125
$500

Reduced business costs

Reduction in turnover cost

$[field11]

Reduction in healthcare cost

$[field9]

Reduction in lost productivity

$[field10]

Positive impact on the bottom line

$[field12]

Increased purchasing power for employees

FinTax (penalties) avoided by employees

$[field58]

Get Detailed Report

Get the detailed report along with low to high ranges.

* required fields

Company Name *
Your Name *
Phone Number
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$[field77]

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Assumptions: Calculations are based on average salary of $15/hr, adoption rate of 40%, and cost of replacing employees as 30% of annual salary.

Less than $25/hr: Percentage of your employees at $25/hr or less pay rate, low to moderate income employees.

Existing turnover: Equifax reported U.S. turnover rates by industry in 2014-15 as: Healthcare & Education: 30%, Financial: 29%, Information: 32%, Transportation: 40%, Manufacturing: 25%, Retail 56%, Leisure, 68%, Business Services: 60%, Wholesale: 29% 

FinTax cost: Employees living paycheck to paycheck typically end up paying late fees, overdraft fees, pre-paid card fees, credit-card interest, or even payday loan or sub-prime loan in order to get through till the next paycheck. We call this the FinTax or the cost of between paychecks financing. On average, employees pay minimum of $150 a month in these costly penalties.

It's more than a paycheck.
It's peace of mind!

It's more than a paycheck. It's peace of mind!

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