Wagestream

“I’ve been receiving great feedback from staff who instantly embraced the benefit of a flexible income. One person was moving house but didn’t have enough in their savings to pay a deposit, so was able to do so by accessing their monthly salary earlier. Another staff member will be benefiting monthly because their rent is due two days before payday so they’ll now be able to structure their payments better and will escape the cycle of debt. Other people have commented that Wagestream takes the pressure off their finances because they no longer have to rely on credit cards or loans with high-interest rates. Working financial wellbeing into our benefits system is one of our current aims whether that might take the form of reward schemes for staff engaging with our offering or them having more power to choose the benefits they engage with. Last year we worked on a piece around nutrition for mental health which staff really enjoyed, and took real practical information from, and I love the idea of doing the same with financial wellbeing. We know money worries oen contribute to anxiety and depression and are only perpetuated by a lack of financial stability, so we want to do what we can to help our staff.”