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Payactiv

Score8 out of 10

3 Reviews and Ratings

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What is Payactiv?

Payactiv, headquartered in San Jose, offers their eponymous platform to enable employees to get financial relief between paychecks, a service the vendor states is needed by two-thirds of the workforce. They give businesses the tools essential to ease the financial stress of their employees and build a higher performing workforce.

Categories & Use Cases

Reviews

What users are saying about Payactiv.
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EMPLOYEES WORK HARD AND CAN FEEL SECURE FASTER AND SOONER

Incentivized
Lauren Mehta
HR, Payroll & Benefits BP in Human Resources at Revolve (1001-5000 employees employees)

Use Cases and Deployment Scope

This is a good way to help our employees to access their funds earlier which eliminates stress on an everyday basis. It allows the employees to know that when they work they can access their money early to pay bills, take care of their kids, etc.

Pros

  • Financial burden relief
  • Customer Service
  • Financial assistance

Cons

  • Better reporting

Most Important Features

  • Early access to funds
  • Financial tools
  • Online availability to Uber etc

Return on Investment

  • Better retention
  • Less employees calling out

Highly Recommend - PayActiv

Incentivized
Verified User
C-Level Executive in Corporate (51-200 employees employees)

Use Cases and Deployment Scope

Approximately 25% of my workforce uses PayActiv during any given pay period. With access to earned wages via PayActiv, my employees no longer have to come to me for a payday advance. Having this access has been a real help to my staff

Pros

  • It is seamless for me and my office staff
  • In all the time we have used it we have never had a problem or issue
  • Does not cost me any time or money

Cons

  • I have no suggestions for improvement, it's never been a problem for my office staff and we have never had a complaint from the field staff, which is most of our employees.

Most Important Features

  • Once set-up it is seamless to use
  • Does not cost me or my office staff any time or money.

Return on Investment

  • Sorry, not something we track, but I believe it has an impact on worker dignity, they don't have to come to me hat in hand ask for an advance.

Other Software Used

ClearCare