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Employee turnover rates have doubled over the past decade. This means employers are spending more time & money training new employees each year. If you’re hoping to increase your agency’s employee retention, follow the “3 F’s” — Finances, Friction, and Flexibility: https://bit.ly/462hnXu #EmployeeRetention #TurnoverRates #MarketingAgencyTips

Curious about the financial shifts shaping employee satisfaction this year? Check out the top three benefits transforming employee financial wellbeing in HR Dive's new article.     Want to explore how these benefits can revolutionize your workplace? Click the link below to read more!  https://lnkd.in/g76e5EGB

The advent of On-Demand Pay: Empowering Employee Financial Well-being As a payroll professional, I’ve seen firsthand how payroll is constantly evolving. It’s more nowadays about new initiatives in supporting our employees' financial well-being rather that just processing the payroll. On-demand pay is one such initiative - it is available in Australia, and it's gaining traction amongst employers who want to offer more flexible payroll solutions to their employees. Several companies in Australia, like Earnd and Paytime, provide on-demand pay services. These platforms integrate with existing payroll systems, allowing employees to access their earned wages in real-time. Employers in Australia are adopting on-demand pay as part of their broader employee benefits package, recognising that financial stress is a significant concern for many workers. By offering this flexibility, companies can improve employee satisfaction, reduce financial stress, and enhance overall well-being. By offering employees access to their earned wages when they need it, employers can help them manage unexpected expenses without turning to high-interest loans. Other initiatives now being offered by employers are: 🔹 Financial Wellness Programs: Providing resources and tools for budgeting, saving, and investing in turn empowers employees to make more informed financial decisions, reducing stress and improving overall well-being. 🔹 Retirement Planning Integration: Ensuring that retirement savings are seamlessly integrated into payroll helps employees consistently work toward their long-term financial goals. By focusing on these areas, payroll can be transformed into a tool for financial empowerment, not just a transactional process. Let’s continue to find ways we can innovate and make a positive impact on our employees' financial lives as payroll professsionals #MargaretLilburne #PayrollWhizzards #Payroll #FinancialWellness #EmployeeEngagement Payroll Whizzards Pty Ltd.

No-Wait Wages: Leveraging Instant Payments to Boost Employee Satisfaction: When making decisions about employment, workers rank job benefits nearly as high in importance as the salary itself. Likewise, their expectations regarding benefits are evolving rapidly. While traditional benefits like paid vacation and health insurance remain popular, a recent study showed that workers value instant payroll access almost as much. Gig workers in particular are […] The post No-Wait Wages: Leveraging Instant Payments to Boost Employee Satisfaction appeared first on PYMNTS.com. #opnplatform #b2bpayments #openpackagingnet

Exciting news! Dayforce Wallet has achieved a significant milestone by surpassing $4 billion in payroll delivered through its on-demand pay solution. This accomplishment underscores our platform's global impact in providing early direct deposit, paycard, and on-demand pay services to employees. In today's dynamic workforce landscape, organizations are challenged to meet employee expectations while maintaining cost-effectiveness and operational efficiency. Dayforce Wallet, as an extension of Dayforce Payroll, offers scalable on-demand pay solutions that empower employees with financial control and help employers attract and retain top talent. Erik Zimmer Zimmer, EVP of Corporate Development and Strategic Ventures at Dayforce, highlights the strategic value of Dayforce Wallet for customers, emphasizing its role in driving payroll innovation and improving workers' financial wellness. Moreover, incorporating Dayforce Wallet into benefits packages has proven to be a competitive advantage for organizations like Aaron's, enhancing retention rates and demonstrating a commitment to employee financial wellbeing. With a growing customer base in the US, Canada, and the UK, including renowned companies like Caleres and Danone North America, Dayforce Wallet continues to make a positive impact in the marketplace. Join over 1,270 live customers benefiting from this innovative solution. #Payroll #FinancialWellness #EmployeeBenefits

DAC Bringing you Pay Any Day Service Scenario : 🕺 Meet Sarah, the owner of "CareerLink Employment Solutions". Sarah understands the financial challenges her employees may face between paychecks, such as unexpected expenses or emergencies. To provide them with financial flexibility and peace of mind, Sarah decides to implement David Allen Capital's Pay Any Day program. Here's how Sarah utilizes the Pay Any Day program for her employees. Introduction of Pay Any Day Program: She explains that the program allows employees to access up to 50% of their earned wages before the scheduled payday for a small fee of $2.95, regardless of the amount requested. Access to Financial Flexibility: With the Pay Any Day program in place, Sarah's employees have the option to access a portion of their earned wages whenever they need it, providing them with greater financial flexibility and control over their finances. Whether they need to cover unexpected expenses, emergencies, or simply want to avoid late fees or overdraft charges, employees can access funds quickly and easily through the program. Financial Wellness and Employee Satisfaction: By offering the Pay Any Day program, Sarah demonstrates her commitment to supporting her employees well-being. The ability to access earned wages on-demand helps to alleviate financial stress among employees. Sarah's employees feel valued and supported, knowing that their employer cares. Partnership with Rellevate: Sarah appreciates the partnership with Rellevate, the organization responsible for managing the advanced funds and liabilities associated with the Pay Any Day program. Knowing that Rellevate assumes the risk and liability for advanced funds provides Sarah with peace of mind and allows her to focus on running her employment placement agency while ensuring her employees have access to the financial support they need. In this scenario, Sarah utilizes David Allen Capital's Pay Any Day program to provide her employees at CareerLink Employment Solutions with access to earned wages on-demand, helping to alleviate financial stress. DAC's Pay Any-Day benefits encompass the ability to access your funds at any time, with the option to advance up to 50% of your pay. A nominal transaction fee of $2.95 per advance applies. It's important to note that this is an advance, not a loan. For further insight into how Pay Any-Day can enhance the well-being of your employees and contribute to the success of your business, please contact Christopher at 810-689-9435. Click the link below for more information. https://lnkd.in/gMAzpxFn #EarnedWageAccess #GetPaidToday #EmployeeBenefits #IncomeOnDemand #SmallBusiness

The Budget will lead to significant cost increases for most businesses. In this article, I outline the measures that will hit employers and explain how employers can use their employee benefits to help balance rising costs, whilst still meeting growing employee expectations. Grant Thornton UK LLP is working with employers to put strategies in place to combat rising costs, so please reach out to me if you want to learn more. https://lnkd.in/enC6rr6h #GTEmployersForum #PeopleAgenda #Budget2024 #employeebenefits

Revolutionize Financial Wellness with Zero-Interest Paycheque Advances Are you a Canadian employer looking to support your team's financial well-being without adding to their financial burden? Swift Wellness offers a unique solution that stands out from traditional payday loans: zero-interest paycheque advances. Why Zero Interest Matters: For Employees: No Hidden Costs ❌💰 Unlike payday loans that can trap employees in a cycle of debt with high-interest rates, Swift Wellness provides paycheque advances with zero interest. This means employees can access their earned wages without worrying about incurring additional costs. Easy Repayment 🔄 Employees repay the advances through direct deposit, with deductions spread over the next one or multiple pay periods. This flexible repayment plan ensures minimal disruption to their financial planning. Reduced Financial Stress 🧘♂️ By offering interest-free advances, employees can handle unexpected expenses or emergencies without the stress of high-interest charges, promoting better financial health and peace of mind. For Employers: Enhanced Employee Loyalty and Retention 🤝 Providing zero-interest paycheque advances demonstrates a commitment to your employees' financial well-being, fostering a culture of trust and support. This can significantly improve employee loyalty and retention, setting you apart from competitors. Seamless Payroll Integration 🔄 Swift Wellness integrates directly with your existing payroll system, making the setup process straightforward and hassle-free. This ensures a smooth experience for both your HR team and employees. Boosted Productivity and Morale 📈 Financial stress can severely impact employee productivity and morale. By alleviating this stress through zero-interest advances, you create a more focused, motivated, and engaged workforce. Take the First Step: Discover how zero-interest paycheque advances can transform your workplace. Visit https://buff.ly/3xVtOr2 to learn more about how Swift Wellness can benefit your organization and support your employees' financial health. #SwiftWellness #ZeroInterest #FinancialWellness #CanadianEmployers #EmployeeSupport #WorkplaceWellness #EmployeeEngagement #HRSolutions

Facilitating open conversations about financial wellness and providing support can significantly enhance job satisfaction and employee engagement. What financial wellness programs has your organization implemented? What has been the impact? Share your successes in the comments below. #EmployeeBenefits #FinancialWellness #HumanResources https://lnkd.in/e-SZRuc7