We are thrilled to announce that the Payactiv Livelihood Platform has been recognized as the award winner for Best Innovative or Emerging Tech Solution in the Total Rewards and Employee Wellbeing category of the 2022 HR Tech Awards by the Lighthouse Research & Advisory.
Since inventing Earned Wage Access back in 2012, Payactiv has been on a mission to use the power of financial technology to change the way people get paid and level the playing field for millions of workers struggling to achieve financial stability. Over the years, we’ve partnered with some of the best HR tech, financial and banking services, and merchants to provide everyone access to better financial management services and create the best employee experiences possible. Thanks to this unique combination of services, Payactiv is able to offer the most competitive employee financial wellness benefits all in one place.
The Chief Research Officer at Lighthouse Research & Advisory, Ben Eubanks, had this to say, “We see hundreds of HR technologies every year in our research. The systems that won this year’s program represent some of the very best that the industry has to offer. Our judges are consistently amazed by the quality, depth, and capability that these solutions represent. In my perspective, I’m always looking for a system that adds value for the HR and talent practitioners putting in the hard work every day. This year, we found some excellent examples of those tools in action.”
Payactiv is integrated with all major HCM and payroll platforms, which makes it not only very easy to implement, but is also offered at zero cost to employers. It’s available to businesses of all sizes and across a variety of industries and proven to help with recruitment and retention while lowering operating costs and increasing employee satisfaction and engagement.
In today’s workplace, retention is a top priority. Our research shows that workers prefer employers that offer access to earned wages on demand, and Payactiv is meeting that need for millions of employees worldwide. Bottom line: tools like this help employers to drive a positive employee experience and better retention for their people.
Ben Eubanks, Chief Research Officer, Lighthouse Research & Advisory
In addition to Earned Wage Access (EWA), Payactiv business solutions include payroll cards, off-cycle payments, cashless tip disbursements, and a deskless employee communication platform including shift coordination. These services are offered through the Payactiv mobile app which is an all-in-one digital wallet, including free saving and budgeting tools, financial coaching, and exclusive discounts for everyday items like gas and prescription medicine.
HR Tech Award winners were recognized during the virtual award ceremony on May 18 after a rigorous judging by a panel of independent practitioners, consultants, and educators providing inputs on each submission. This year, the submissions cover an impressive number of categories being used by employers to help them hire, develop, and retain their workforce.
You can view a recording of the live stream here. For additional information and to see the full list of winners, please check out HRTechAwards.org
For more information about this and other awards Payactiv has received, please visit our awards page.
