How Norman Regional Health System Reduced Employee Financial Stress and Boosted Retention

The Challenge:

Addressing Financial Stress

In mid-2022 NRHS launched a workforce optimization committee led by Keith and Brittni who have a unique partnership between the clinical workforce and HR. The committee was tasked with integrating health system benefits with its employee wellness initiatives.

The health system sought an innovative offering that its 3,800-strong workforce would find most helpful, while simultaneously boosting its retention and recruitment efforts. In formulating their program, NRHS asked employees for input on what they valued most.

Financial stress quickly emerged as a major issue negatively impacting many employees’ overall personal well-being.

The Solution:

Meeting the Team's Needs

NRHS’s research into solutions to ease their employees’ financial stress quickly led them to Payactiv. Keith Minnis, Vice President & Chief People Officer conducted the research that led the implementation efforts of Payactiv’s financial wellness initiative. As Minnis explains, implementing Payactiv’s Earned Wage Access¹ was a seamless transition. 

“Payactiv is so user-friendly. Our employees were able to register quickly and with minimal assistance beyond some initial instruction."

Keith Minnis, Vice President & Chief People Officer, Co-Chair of NRHS’ Recruitment and retention Committee

Payactiv directly addresses one of employees’ deepest sources of stress—the inability to make ends meet between paychecks. With Payactiv, NRHS has given them a dignified way to ensure they can meet their financial needs.

Implementation

Immediate Value for Employees and HR

The decision to roll out Payactiv at the beginning of December —the start of the holiday season when people often incur additional expenses—turned out to be perfect timing and a truly appreciated holiday gift. “In terms of employee adoption and utilization, we were stunned to see the results,” continues Minnis.

Payactiv is also already exceeding its anticipated impact as a recruitment tool. It’s front and center of NRHS’ multi-channel recruitment drive, which centers on the theme “You Matter.”

Future Plans

Making Financial Wellness Part of the Culture

Encouraged by the results, NRHS plans to further integrate Payactiv into their broader employee wellness initiatives. This includes promoting the use of Payactiv in key employee development touchpoints, such as performance reviews and wellness programs.

We want to create a culture of financial wellness and support, and Payactiv is a huge step in the right direction. The partnership with Payactiv has provided incredible value to our healers.”

Keith Minnis, Vice President & Chief People Officer, Co-Chair of NRHS’ Recruitment and retention Committee