Calculate Cost Reduction

When you offer PayActiv financial wellness benefit

PayActiv brings financial wellness to employees by solving their top financial concerns – dealing with unexpected expenses, meeting monthly bills on time, and means to reduce overall debt. The result is, reduced workplace financial stress, high morale and engagement at work, lower employee turnover, lower healthcare costs, and higher productivity. Calculations are based on conservative assumptions from industry data and as evidenced by our customers.

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Calculate your cost reduction

Adjust these fields for your business to see the results below
Total employees
100
1000
10000
Less than $25/hr
5%
50%
100%
Existing turnover
5%
30%
100%
FinTax cost
$50
$150
$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 *
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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 is more than a paycheck,
it is peace of mind!

It is more than a paycheck, it is peace of mind!

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