Financial Wellness and Workforce Engagement
Payactiv’s leading financial wellness platform is seamlessly integrated with ADP Workforce Now® and ADP Workforce Now Essential Time to meet the demand for more competitive and inclusive payroll and HR management solutions. Our products include on-demand pay, 1:1 financial coaching and financial learning tools and resources. Also, earned wages can be used to hail an Uber and shop on Amazon. Companies who offer Payactiv to their workforce can reduce employee turnover and increase employee satisfaction and engagement.
Features and Benefits
Reduce Employee Financial Stress
Instant access to earned wages and better digital banking helps meet employees' livelihood needs so they don't need to worry about late payments, bank overdrafts, or borrowing. Of individuals experiencing negative consequences because of financial hardship, 60% have stated that their health had deteriorated as a result.*
*Source: Ernst & Young Employee Financial Wellbeing Survey, June 2020
Improve Recruitment and Retention
On-demand access to pay and affordable financial services help attract and retain talent. 95% of workers are interested in working for an employer who offers EWA and 89% would stay longer with an employer that offers it.*
*Source: Earned Wage Access Preferences Survey (April 2019). Commissioned by Visa and conducted by AYTM among 1,000 workers across varying industries in the United States.
Increase Operational Efficiency
Earned Wage Access eliminates pay advance requests and employment verification calls from lenders. It requires no change to payroll, just increased efficiency.
No Cost and No Risk to Businesses
Offered as a voluntary benefit, Payactiv fronts the funds to the users and is no risk to implement. It is payroll compliant in all provinces and territories.
The services are provided by an independent third party and not provided by ADP and ADP is not responsible for such third party's products or services.