Give employees access to earned wages to boost retention and engagement at no cost to you
Employees struggle with financial stress from waiting for payday, often resorting to expensive payday loans and overdraft fees that harm well-being and productivity. Payactiv provides access to earned wages before payday, plus financial wellness tools for saving, budgeting, and stress reduction. Integrated with SAP SuccessFactors Employee Central via API, it delivers Earned Wage Access and financial guidance without disrupting payroll.
Overview
Reduce financial stress and boost retention by 30%
By providing access to earned wages before payday, Payactiv helps reduce employee financial stress that leads to absenteeism and turnover. Employers see a boost in retention by up to 30%. Employees feel financially supported and valued, resulting in fewer missed shifts and higher engagement.
Offer financial wellness benefits at no cost: 79% would switch jobs for it
Offering earned wage access as part of your benefits package strengthens your competitive advantage in recruiting, with nearly four in five employees reporting they would consider changing jobs to gain access to this financial wellness benefit.
Reduce absenteeism by up to 70%
Financial stress is a leading cause of missed shifts and tardiness. When workers can bridge the gap between paydays without turning to predatory loans, they show up more consistently and focused. Employers offering this benefit report absenteeism reductions of up to 70%, leading to stronger staffing reliability and operational efficiency.
Details
Solution type
APIs and Technical Components
Industry
Cross-Industry, Retail, Industrial Manufacturing, Wholesale Distribution, Healthcare
Compatibility
Works with
SAP SuccessFactors Employee Central
Features
Provide multiple fee-free earned wage options
Employees access earned wages in real time through the platform integrated with SAP SuccessFactors Employee Central, with fee free ACH transfers, instant card transfers, immediate credit on Uber or Amazon, or Walmart cash pickup. Employers can enable fee-free options or low-cost flat fees.
Empower workers with in-app financial tools
Employees can connect with certified financial coaches for personalized guidance on budgeting, debt, and credit—plus explore a rich library of expert resources to build lasting financial confidence.
Offer flexible savings options
Employees can set up and track personal savings goals, automate contributions, and grow faster with optional employer matching programs and incentives.
