The COVID-19 pandemic has turned the world upside down. For healthcare workers whose duties lie in ensuring that each patient is treated accordingly, it has been incredibly hard to cope with the sudden onslaught of the coronavirus.
The healthcare industry had no choice but to adapt to the situation—even if it meant having to cut back on expenses and figure out realistic ways to save more people. As people continue to survive through the year, healthcare workers struggle to make ends meet with the financial help they receive, all while ensuring they don’t put their health at even more risk.
Now more than ever, healthcare workers require financial assistance to continue making people’s lives better. The demand for flexible access to payment plans is at an all-time high, driving urgency to people’s requests for better income opportunities for everyone.
How Access to Payment Plans Evolved Through Time
In 1974, The National Automated Clearing House Association (NACHA) was established to oversee electronic funds transfers in the United States. They spearheaded the beginning of using direct deposit systems to cater to employees and workers nationwide.
Despite the rise of modern technology, which led to different payment solutions like PayPal and Venmo, many companies still consider the direct deposit a better payment solution. But ever since the younger generation proved time and time again how convenient it is to utilize technology and consider online payments and pay cards, a financial shift has been felt.
Unfortunately, the healthcare industry is among the businesses that remain left behind due to their paper-based payment system, leaving thousands of healthcare workers at their wits’ end due to the current global crisis. People need to rely on digital transactions and modified payment plans to ensure that they receive their income when they need it the most.
Why Healthcare Workers Should Demand Better Pay Options
Thanks to modern technology, it’s now easier for businesses and industries to provide for the financial needs of their employees and improve their work culture. As a result, employers can expect their staff to feel less stress and spend less money, further extending their stay in the company. If your organization learns to utilize cutting-edge technology in your salary system, one can expect the following benefits below.
It Helps Maintain Highly-Skilled Professionals
If healthcare companies learned to apply better payment options, they could increase their chances of keeping a stable workforce without expecting health workers to quit anytime soon. If the distribution of salaries was given through flexible terms and plans, health industries could avoid the need to recruit new employees and learn to maintain their current ones.
It Motivates Employees to Be More Productive
Aside from significantly reducing paper-based waste and helping conserve the environment by skipping on traditional methods, healthcare industries can take advantage of on-demand payment plans in other ways. Since employees are paid by the hour, companies can expect more healthcare professionals to come to work on time and receive full paychecks. Thus, everyone’s productivity is greatly influenced, as well.
It Improves the Mental Health of Healthcare Workers
Since healthcare workers feel immense pressure and stress due to their work, companies can expect to receive more reports of absences and a decrease in overall productivity. Due to the current crisis worldwide, healthcare workers are among those who have been badly hit by COVID-19.
The situation has taken its toll on people’s mental, emotional, and physical health. While demanding flexible pay won’t solve all your problems, it can lighten the situation to secure yourself financially and keep you motivated to assist more patients over time.
Conclusion
As healthcare industries continue to struggle with adapting to the sign of the times, considering flexible pay options is integral. Not only does it help alleviate the stress that healthcare workers feel every day, but it can also benefit the company by maintaining a reliable workforce and motivating employees to continue saving lives in hopes for a better tomorrow.
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