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Unlock stock picks and a broker-level newsfeed that powers Wall Street. OnShift demonstrates support for employee financial wellness with series of milestone achievements CLEVELAND, March 03, 2021 (GLOBE NEWSWIRE) -- OnShift®, a leader in human capital management software for post-acute care and senior living, today announced it has achieved a series of significant milestones with its financial wellness solution, OnShift Wallet powered by Payactiv, including nearly $50 million in early wages accessed by healthcare employees in 2020. In addition, OnShift Wallet’s new Amazon Cash option and a first-of-its-kind debt-free assurance approval reinforce OnShift’s unwavering support for healthcare employees throughout the pandemic. OnShift Wallet provides real-time access to earned wages between paychecks, giving senior care employees financial peace of mind by avoiding late fees or high-interest payday loans to cover bills or unplanned expenses. Payactiv, OnShift’s financial wellness partner for OnShift Wallet, recently became the first and only Earned Wage Access (EWA) provider to gain approval from the Consumer Financial Protection Bureau (CFPB) as its EWA program does not impose a debt on users. The CFPB approval validates Payactiv’s approach and confirms that EWA can be provided without accessing credit. In addition, OnShift Wallet recently introduced Amazon Cash, which allows employees to automatically apply their earned wages to shop on Amazon without the need for a debit or credit card. Amazon Cash is a fast and convenient option, especially for those employees without a bank account. “The effects of COVID-19 continue to financially impact caregivers and hourly workers, many of whom are already living paycheck to paycheck. The nearly $50 million accessed in 2020 shows the critical need for financial flexibility,” said Mark Woodka, Chief Executive Officer of OnShift. “As senior care employees continue to battle COVID-19 and care for our most vulnerable population, the last thing they should have to worry about is not being able to cover bills and basic necessities. We are proud that OnShift Wallet is providing debt-free assistance to those who need it most.” Currently, nearly 400,000 employees have access to OnShift Wallet through their employers. After an employee completes a transaction, they are asked to complete a survey to provide more insight into the transaction. 2020 survey results revealed1: 90% intend to spend the funds on bills, groceries, rent and unexpected expenses 71% avoided paying bank overdraft fees, late payments, payday loans or other fees 89% would recommend their workplace to a friend 93% would recommend OnShift Wallet to a friend or colleagues
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- OnShift Announces OnShift Wallet Visa Prepaid Card
- OnShift Time - Timecard Punch Management - OnShift University
- OnShift - OnShift Wallet is one of the greatest things - Facebook
- OnShift Reviews: What Is It Like to Work At OnShift? - Glassdoor
- Applied on OnShift? - Brookwood Skilled Nursing Therapy - OnShift
- OnShift Launches OnShift Schedule X - Business Wire
- OnShift - [Video] Learn how OnShift Wallet was a - Facebook
Just before the onset of the COVID-19 pandemic, OnShift released our robust talent acquisition software, OnShift Employ. The goal of OnShift Employ is to help healthcare organizations source, recruit, screen, hire and onboard candidates with lightning-fast efficiencies and streamline processes for all their hiring needs.No one felt the devastating effects of the virus quite like senior care organizations. And as employees began calling off and even leaving their jobs out of fear, providers across the country were left scrambling to fill shifts in order to provide the best quality care to their residents. In response, organizations ramped up their recruiting efforts, not only to ensure proper staffing, but to offer their hardworking employees extra support and prevent burnout during the pandemic.We are so thrilled that OnShift Employ has been able to help providers in this effort. Our end-to-end talent acquisition software has given recruiters the ability to seamlessly conduct hiring activities online, in a touchless and safe manner.Many customers have been able to hire more efficiently and effectively during these challenging times and report that OnShift Employ has led not only to an uptick in applications, but to results such as…A 75% increase in the number of applicationsA 35% reduction in time to hire$60,000 savings in annual recruitment ad spendA recent survey by OnShift revealed that finding and hiring qualified candidates is the top workforce challenge facing the senior care industry today. At a time when many organizations are struggling to source new employees, reduce recruitment ad spend and speed up the time to hire, our software has proven to be valuable for providers in all three of these areas. And as the pandemic continues to impact our industry, hiring software like OnShift Employ can be a huge differentiator in helping senior care organizations meet their hiring goals.Customer Success Story: SeniorCare EMSNew York City-based SeniorCare EMS was relying on manual recruiting and hiring processes, which often led to slow time to hire, inconsistent candidate experiences and internal inefficiencies. Like many providers we work with, they recognized they needed to make a change – and that change meant bringing in the right technology.OnShift Employ helped them streamline their processes, use data to hire quality candidates and improve the recruiter and candidate experience. They were able to…Reduce shift vacancies by 35%Save 20% in recruitment budget (for use in other high-value areas)Improve quality of hires and increase employee retention Subscribe to the OnShift Blog Recent Posts Seven unique ways to address caregiver burnout Navigating the Healthcare Services Sector in 2025 Part Two: Strategies for Success Brandon Tappan Navigating the Healthcare Services Sector in 2025 Part One: Strategies for Success Brandon Tappan Categories Recruit, Engage, Retain Operational Excellence Payroll-Based Journal In The News
