Oak View Group Partners with Payactiv to Enhance Employee Financial Wellness Across U.S. Venues

Oak View Group Expands Financial Benefits with Payactiv Partnership

In a move to enhance employee financial wellness, Oak View Group (OVG) has announced a strategic partnership with Payactiv, the recognized standard for Earned Wage Access (EWA). This collaboration aims to provide OVG employees at over 40 venues nationwide with real-time access to their earned wages, empowering them to manage their finances more effectively.

The Impact of Earned Wage Access (EWA)

EWA allows employees to receive their paycheck at any time, rather than waiting until the scheduled payday. This flexibility is essential for those who experience financial challenges, allowing them to access funds as soon as they earn them. Payactiv's platform will enable OVG employees to tap into their already earned wages with no-fee access options available.

“It’s our priority to give our workforce the best benefits possible,” stated Dan Griffis, President of Global Partnerships at OVG. “This agreement with Payactiv allows us to give our employees on-demand access to their hard-earned wages when they need it most.”

Partnership Benefits and Features

Beyond just access to earned wages, the collaboration with Payactiv will incorporate a variety of financial wellness tools to support budgeting, unexpected costs, and long-term financial planning.

The partnership covers six OVG Alliance venues and teams, including Amerant Bank Arena with the Florida Panthers, UBS Arena hosting the New York Islanders, Gainbridge Fieldhouse featuring the Indiana Pacers, Rocket Arena with the Cleveland Cavaliers, Spectrum Center, home to the Charlotte Hornets, and the Toyota Center, which accommodates the Houston Rockets.

Highlighting Front-Line Employees

Importantly, this partnership is not only about access to pay. OVG and Payactiv aim to recognize and celebrate the hard work of front-line employees who contribute to creating unforgettable experiences for fans. This will be achieved through various initiatives including in-game recognition, annual staff appreciation events, and storytelling that focuses on the individuals behind these memorable moments.

“Workers who create amazing experiences for millions of fans are worthy of greater financial autonomy and support,” observed Safwan Shah, co-founder and CEO of Payactiv. “By partnering with OVG, we are honored to enhance the work-life balance of the workforce that brings the venues to life.”

About Oak View Group

Founded in 2015, Oak View Group is a leader in premium live entertainment infrastructure and services, encompassing venue development to end-to-end management solutions, and reaching across the globe with a presence in several iconic arenas and cultural venues.

About Payactiv

As a pioneer in the Earned Wage Access space, Payactiv connects businesses with innovative financial solutions. Its state-of-the-art infrastructure supports over 245,000 businesses, granting them the capability to offer EWA and additional financial services in real-time, effectively transforming the financial landscape for employees.

The partnership with Payactiv signifies a bold step towards modernizing employee benefits, ensuring that OVG’s workers are better equipped to handle their financial needs while contributing to the rewarding experiences at each venue. This initiative sets a new standard for access to earned wages and financial wellness in the entertainment industry.