Protiv
Protiv offers a worker incentive program.
| Date | Investors | Amount | Round |
|---|---|---|---|
* | $2.4m | Seed | |
| Total Funding | 000k | ||
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Protiv is a forward-thinking startup that revolutionizes employee compensation through its innovative platform, ProPay. The company operates in the human resources and workforce management market, targeting businesses that rely on hourly wage workers. Protiv's primary clients are companies looking to enhance productivity and reduce labor costs while ensuring employee satisfaction.
Protiv's ProPay system shifts the traditional hourly wage model to a piecework project pay model. This means employees are compensated based on the amount of work they complete rather than the hours they put in. This approach aligns employee goals with company objectives, driving a collective focus on productivity, safety, and quality. Employees who perform well and complete tasks efficiently are rewarded with higher pay, while those who underperform see a direct impact on their earnings. This motivates all employees to improve their performance.
The business model is straightforward: Protiv provides a comprehensive Time and Attendance platform that includes app-based check-in and check-out features with geo-fencing capabilities. Companies subscribe to Protiv's platform, paying for the service that helps them manage their workforce more effectively. The platform ensures legal compliance in compensation, which is crucial for businesses operating in regulated environments.
Protiv makes money through subscription fees for its platform. By using ProPay, companies can see a significant reduction in overall labor costs—up to 19% year over year—while their best employees earn more and are happier at work. This dual benefit of cost savings and increased employee satisfaction makes Protiv an attractive solution for businesses aiming to boost their bottom line.
In summary, Protiv offers a unique solution that transforms how companies compensate their employees, leading to higher productivity, better quality, and lower labor costs.
Keywords: employee compensation, productivity, piecework pay, workforce management, labor costs, human resources, time and attendance, app-based check-in, geo-fencing, legal compliance.