A proven way to attract
and retain valuable employees.
Talent always matters, but it’s particularly important at a time when employers are struggling to get (and keep) the best and brightest workers in the building.
Businesses interested in cultivating talented teams need to do everything they can to make their workplaces appealing — and that includes enhancing their benefits.
The growing labor crisis.
While higher employee turnover is a reality of the ongoing labor crisis, companies that proactively give their team members compelling reasons to stay are faring better than the rest. But what do employees truly value? Compensation, advancement opportunities, and workload issues are common themes, but –
43% of people who quit their jobs in 2021 said they did so because of poor benefits.
Workers increasingly are demanding benefits that build a better employee experience. One powerful way to boost that employee experience is by helping team members prioritize their mental and physical well-being amid rising healthcare costs.
A powerful benefits investment.
A benefit like Paytient helps employees take care of their health and gives them a great reason to stick around.
With a Paytient Health Payment Account, employees can eliminate financial barriers to care for their whole family — including pets. After each transaction, they choose an interest-free payment plan that fits their budget.
- On-demand line of credit with a limit set by the employer.
- Pays for medical, dental, vision, pharmacy, and vet care.
- No credit check promotes equitable access.
- Providers are paid in full.
- Employers are not on the hook for unpaid balances.
Employees with a Paytient card have a 23% lower turnover rate.*
Instead of running themselves ragged, missing work due to health issues, and eventually looking for a new job, Paytient empowers people to get the care they need without worrying about high out-of-pocket costs. Those workers appreciate the help and repay it with loyalty to their employers — employees with a Paytient account have a turnover rate 23% lower than those who don’t have Paytient.*
Educational resources
Care beyond coverage
Since 2018, we have been working with employer and payer partners to put Health Payment Accounts (HPAs) into the hands of Americans to help them more equitably access and afford healthcare. With Paytient available to nearly 1M members today, we wanted to better understand how the Paytient HPA changes behavior and attitudes toward the employers who sponsor it as an employee benefit.
Unlocking Talent Retention: How to Calculate and Compare Your Retention Rate
In the ever-evolving landscape of Human Resources, one of the most pressing challenges current HR directors face is talent retention. Attracting and retaining top talent is crucial for organizational success, and understanding your company's retention rate is a key step in evaluating and addressing this issue. In this blog, we'll walk you through how to calculate your retention rate and determine how it compares to other companies.
Download our Quick Start Guide for free.
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