Employer Customer Story
Sector
Company Size
Benefits Offered
Flexible Pay
Track
Benefits Checker
Loans
Savings
Financial Coach
Benefits Checker
Discounts
A holistic platform, with benefits for every colleague’s needs.
As a not-for-profit organisation, Anchor re-invests every penny into the wellbeing of its customers .But in the face of significant workforce challenges in social care, in 2024, it recognised the need for a revised focus on the wellbeing of its colleagues as well.
Understanding that every financial life is different, the leading social care provider set out to find a solution that would give colleagues the tools to manage their money in a way which suits their individual needs.
Shifting from a model that relied on multiple providers, Anchor introduced Wagestream, a comprehensive platform offering a range of financial benefits including budgeting, flexible loans, discounts, savings options, flexible pay and more, to appeal to a broader range of colleagues.
The impact on colleague wellbeing and business operations was almost immediate. Within six months, money-related stress had decreased, over £600,000 had been saved and with flexible pay options, more shifts were being picked up, reducing agency spend 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.”