Immediate Overtime Payment – Wagestream Covid-19 Response
In a commitment to aid the containment of Covid-19 and help organisations support those affected, Wagestream is releasing a number of features that are designed to ease financial stress and the mobilisation of contingency plans during the outbreak.
Immediate Overtime Payment
As a part of this commitment and to aid contingency resourcing and shift management, Wagestream will now offer instant access to 80% of any overtime wages earned. This is a measure that’s designed to encourage colleagues that are unaffected to increase hours worked and minimise the effects on shift fulfilment rates.
We have already experienced a high level of effectiveness with this feature for clients that are currently using it, so hope that wider use can help to mitigate any shift fulfilment issues in the face of the Covid-19 outbreak.
How the process works
- Any shift that is tagged as COVID-19 is eligible for enhanced payment.
- Colleagues can then access 80% of wages earned and may access immediately upon completion of work.
- Wagestream and the employer will then settle up via the normal process at the end of payroll.
The functionality is now available on the Wagestream portal and aims to reduce any labour shortages faced during the outbreak. If you have any questions please contact your Client Success Manager.
If you are not already working with Wagestream but want to make use of this feature and others you can now go live in under 24 hours under a new process. For more information and to go live in under 24 hours please get in touch.
For information on when to encourage self-isolation and how to go about it click here.
For information on how to minimise viral spread throughout the workplace click here.