Employer Customer Story

Without a doubt, a huge success

They re-invest every penny back into their customers as a not-for-profit organisation. But in the face of significant workforce challenges in 2024, Anchor recognised the need for a revised focus on the wellbeing of their colleagues.

Understanding that every financial life is different, they set out to find a solution that would give their colleagues the tools to manage their money in a way which suits their individual needs. This led them to Wagestream's award-winning financial benefits platform - and the results?

More than 50%
colleagues accessing financial benefits
£600,000
saved in 6 months
82%
members feel less stressed

Summary

anchor
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Sector

Healthcare
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Company Size

10,500
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Benefits Offered

Flexible Pay
Track
Benefits Checker

Loans
Savings

Financial Coach

Benefits Checker
Discounts

The impact of offering Wagestream

Shifting from a model that relied on multiple providers, Anchor introduced Wagestream, a comprehensive platform offering a range of financial benefits, including flexible pay, budgeting, discounts, savings, financial coaching, plus much more.

The impact on colleague wellbeing and business operations was almost immediate.

Within six months, money-related stress amongst colleagues had decreased, over £600,000 had been saved by their workforce, and thanks to flexible pay options, more shifts were being picked up, reducing agency spend for Anchor as a result.

Rob Martin, Executive Director of Care Services, shared that:

“I can be sceptical with new technology, but Wagestream has without a doubt been a huge success within Anchor. Already over half of our workforce is using the app to manage their money more effectively. A happy workforce means a more engaged workforce, giving a better experience to our residents.”

 

Ready to see how we can support your business?

Book a demo of Wagestream, and take the first steps towards putting your team on the path to better financial wellbeing.
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