Financial Wellness for Employees
Insight and Tips
By putting money in the wallet of your employees, we help them manage their budget and stimulate the economy because money is now changing hands.
An estimated 90M workers in the US are living paycheck to paycheck and even a tiny financial shock can cause late fees, bank penalties and the need for very expensive payday advances. Payactiv financial services, delivered in partnership with employers as employee benefits help build a stronger healthier business.
Baton Rouge General provides staff members with groundbreaking financial wellness services that helps recruit and retain the best and the brightest employees, to deliver compassionate, state-of-the-art patient care.
Absenteeism and loss of productivity is a major cost to businesses and health issue for employees under severe financial stress of overdue bills and late payments. PayActiv financial wellness employee benefit helps build a more productive and engagement workforce.
The Consumer Finance Protection Board has issued proposed rules governing payday and other small loans. Here is the snapshot of what you need to know.
PayActiv’s financial wellness services delivered as an employee benefit are designed to create a financially healthy workforce. Businesses benefit in improved productivity and engagement when their workers are happier and committed at work.
What is a FinTax? It is the unintended consequence of FinTech. An average of $1,200 per year, per family, that goes out of circulation and into the financial system.
Waiting for pay creates a mismatch in income-expense cash flow creating cash droughts that push the employee towards fee and debt traps.
This micro-documentary provides a window into how PayActiv users have benefitted from our financial wellness solution and employers’ perspectives on how PayActiv is a tool for improved employee productivity, retention and engagement.
Instead of offering high interest rates, treacherous loans and the downward spiral of debt directly to already stressed employees, PayActiv brings the employer into the equation and changes the velocity of pay.
At PayActiv we have reimagined the concept of savings. Our savings and budgeting app changes the status quo and makes savings simple, practical and achievable.
PayActiv CEO Safwan Shah sheds light on the economic damage caused by the alternative financial services industry and how PayActiv can help millions of people with their financial struggles.
At Finovate Spring 2015 C.E.O Safwan Shah uses the MyMo mobile app to demonstrate how PayActiv intends to make a difference in the way earned wages are paid, consumed and saved.