Increasing staff retention and reducing agency spend

For Frimley Health NHS Foundation Trust, addressing financial resilience and empowering employees were key priorities.

Recognising the challenges posed by infrequent pay cycles, they found Wagestream's financial benefits platform to be the ideal solution.

"For us, it's really important that our staff are feeling empowered when they come to work."

Saf Angelo, HR Programme Manager, highlighted the practical benefits of Wagestream, sharing personal experiences of financial strain that many employees can relate to.

"You're driving along, and two of your tyres are punctured, and you know you've still got a week to payday. How do you pay for it?"

Switching to a more frequent payroll wasn’t viable for the Trust, but Wagestream offered an effective alternative, providing staff with flexible access to their pay.

"It doesn't take a rocket scientist to work out that it's the right thing to do."

The platform has helped staff avoid the trap of payday loans, while also reducing financial stress and boosting morale. Employees now feel more secure, knowing they have access to their earnings when they need it.

"The big difference that I've seen in people using Wagestream now is they're less stressed... you know that you've got something just in case you need it."

The implementation of Wagestream has also led to huge operational benefits. Staff are more willing to take on additional bank shifts, driving a reduction in agency spend, while their staff retention rate has also improved.

"Staff feel more comfortable and willing to take on more bank work. Our retention rate is getting stronger."

Our integration with Allocate also ensured minimal admin for the Trust. As Saf pointed out, the ease of implementation makes it a compelling solution for other organisations.

"It's groundbreaking, it's easy to do, and it's going to have a benefit to the staff."