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Research Earned Wage Access Confirmed to Increase Employee Retention

Numbers Show Earned Wage Access Can Cut Turnover +30%

The Payactiv financial wellness program provides financial relief to workers living paycheck to paycheck by giving them on-demand access to their earned wages.

Employers who offer Payactiv to their employees report a happier workforce and an increase in recruitment and retention. Measuring these results is not only challenging but also time consuming. It requires an investment in deep data analysis of disparate data. Recently, a Payactiv client, a leading BPO company measured the effectiveness of on-demand pay in reducing attrition.

Report Snap Shot

In this report we have summarized the results of the study. This analysis will be most useful for decision makers, benefit program leaders, HR, payroll and talent managers in businesses that employ hourly and lower income workers.

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