Introducing OnShift Wallet to Ease Employee Financial Stress

Despite the ups and downs of the long-term care and senior living market over the past many years, one thing has remained constant: the tremendous demand for qualified personnel to care for our nation's elderly.

I continue to observe providers battling to recruit and retain personnel. Recognizing the growing need for workforce development, an increasing number of leaders are employing creative techniques to attract applicants and retain them once they are employed.

Also Read: OnShift Login



Many senior care firms are becoming increasingly employee-focused. This is relatable to me. 

As CEO of OnShift, my number one priority is taking care of my staff. Nothing gives me more purpose and gratification than assisting team members in their efforts to learn, develop, and flourish. 

Our company's success and OnShift's gratifying culture are a result of our emphasis on our personnel.

Sir Richard Branson, a renowned business leader and entrepreneur, stated it best: "If you take care of your staff, they will take care of your clients." Sir Richard is accurate.

For these precise reasons, I am pleased to share the most recent OnShift news with you. 

Taking a page from Sir Richard's playbook, I would like to offer OnShift Wallet powered by PayActiv, a new mobile application. 

Between paychecks, OnShift Wallet gives employees access to their earned but unpaid income, enabling them to better handle unanticipated expenses.

So many workers in senior care live paycheck to paycheck. OnShift Wallet can assist people when they are anxious about funds, which can be a personal and professional burden. 

According to research, financially worried employees are less productive on the job.

Employers can use OnShift Wallet to retain their employees and separate themselves from the competition in order to attract new hires. 

In fact, 70% of employees are likely to be attracted to a company that is more concerned with their financial security.

How does OnShift Wallet work?

  • The maximum amount that an employee can transfer to their bank account via direct deposit is $500.
  • Employees can access their funds at any time; the only expense is a $1 program fee on the day of the transaction. Fees are capped at $3 per pay period (weekly) and $5 per pay period (biweekly)
  • Offer employees The OnShift® Wallet VisaTM Prepaid Card as a convenient direct deposit option and incentive perks to avoid the $1 program charge. (The employee must activate and utilize the The OnShift® Wallet VisaTM Prepaid Card for direct deposit with their employer. There must only be a single direct deposit. Validation must be accomplished.)
  • No risk exists for the employer. OnShift Wallet automatically deducts the transferred wages from the employee's next paycheck via payroll deduction on the employee's next scheduled payday.
  • OnShift Wallet is free of charge for employers.
  • We consider this to be a really helpful option. However, do not take my word for it. Here is what one of our customers thinks of OnShift Wallet.

"We view OnShift Wallet powered by PayActiv as an important complement to our recruitment and retention effort. 

With low unemployment and high turnover in the majority of markets, we believe offering such solutions can only aid us in our never-ending drive of attracting and retaining new team members.

Chris Hyatt, Partner & COO, New Perspective Senior Living

Many employees in senior care are among the most sympathetic individuals I've ever met, particularly frontline staff. Providing care for people is not a simple task.

 Whatever we can do to make their lives simpler should be our first concern. We believe that services such as OnShift Wallet can be a game-changer for senior care providers.

 After all, as Sir Richard stated, taking care of personnel will reflect in how they treat patients and residents.

About OnShift, Inc.


OnShift's human capital management platform of the next generation profoundly alters the connection between healthcare firms and their employees. 

Our creative approach to recruitment, hiring, scheduling, and employee engagement produces an environment in which individuals are eager to work.

Consequently, tens of thousands of healthcare organizations rely on OnShift's complete suite of software and services to significantly cut turnover rates, lower costs, and enhance the quality and continuity of care.

Contact

Marti Bowman
Chief Marketing Officer
OnShift, Inc.
mbowman@onshift.com
216.920.5038 
Melanie Gounardes
PayActiv
mgounardes@prosek.com
646.818.9015

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