Stress-beating money support
Diverse, frontline workforces are the most at risk of financial exclusion and stress - which means poor financial wellbeing is a major issue for the retail sector.
Together, we have the power to help.
12 benefits to protect and empower colleagues
Providing income is the most important thing you do for your team. It’s what they build their future around.
Turn that into a competitive advantage, by offering meaningful, flexible financial benefits built around pay - with the Wagestream financial benefits platform.
Rolling out Wagestream for your team will typically lead to a third (30%) of colleagues engaging with their benefits, half (50)% building up more savings and almost two thirds (63%) feeling more in control of their money.
Benefits that benefit your business
Your peers are taking action: three quarters of retailers now provide financial wellbeing support², because it’s good for colleagues and good for business.
After rolling out new financial benefits with Wagestream you can typically expect to see:
- 27% faster recruitment
- 26% uptake in shifts
- 78% of colleagues feeling more positive about you as an employer
Built different
There are plenty of great ways to support your colleagues financially - but Wagestream is the only financial wellbeing provider that was founded as a dual-purpose business, with a social charter.
In fact, to invest in Wagestream, every shareholder has had to sign up to that social charter. What does that mean, in practice?
- We report on our impact to our shareholders
- We’re audited as a certified B Corporation
- We’re accountable to an Impact Advisory Board
- We co-create our financial benefits with frontline workers and a Client Advisory Board of their employers
Listen to our podcast on tackling financial exclusion
Episode 1
Episode 2
Episode 3
WATCH FULL EPISODE
Who calculates the living wage?
Where your funds are held by Modulr, (as indicated in the App) please see Modulr for further Modulr details.
Wagestream Finance Ltd is a company registered in England and Wales (No. 12227891) at 7-9 Rathbone Street W1T 1LY, authorised and regulated by the Financial Conduct Authority for consumer lending (FRN: 915914) and for the provision of payment services (FRN: 916866) under the Payment Services Regulations 2017.
