Tag Archive: Employee benefits

Fintech looking to end ‘payday poverty cycle’ launches in Ireland

October 10, 2019 9:42 am Published by Leave your thoughts Wagestream, a UK fintech start-up whose backers include tech titans Jeff Bezos and Mark Zuckerberg, is launching its services in Ireland. The London-based company has developed what it describes as a “get-paid-as-you-go” platform that allows employees to access their wages early for a flat fee. Wagestream which was only founded this year, says it is on a mission… View Article

‘You can get your money when you need it’

October 10, 2019 9:30 am Published by Leave your thoughts Jacob Cushley works in a Stonegate pub in Plymouth. He is one of 125,000 UK workers whose employer lets them access part of their salary as they earn it rather than waiting for payday. “It’s helped me out with being able to do things socially and also with some unexpected bills,” he says. “It’s reassuring… View Article

What if employees could access their wages early?

October 10, 2019 8:34 am Published by Leave your thoughts Apps that allow employees to access their salary before payday are attracting high-profile investors and signing up major employers. But does offering a financial lifeline to workers help or hinder their financial issues? Jo Faragher reports. “It isn’t a loan, its money you’ve already earned. And not having to ask for it gives employees a… View Article

New rights for gig workers – A step in the right direction

October 10, 2019 8:26 am Published by Leave your thoughts With the new legislation coming into play, whilst a step in the right direction, these workers require more benefits and rights. Contributor Peter Briffett, CEO and founder of financial wellness organisation – Wagestream. Many of the companies using gig workers today are well known for the very flexible products and services that they give to… View Article

Somerset Care boost retention strategy with Wagestreaming app

October 9, 2019 4:41 pm Published by Leave your thoughts Somerset Care has launched a new income-streaming app that allows staff members to access their pay when they need it. The company went live with the Wagestream app last month after seeing that income streaming helped recruit and retain workers, and improved the financial well-being of its employees. Wagestream will allow the provider’s 3,000 members… View Article

Roadchef launches flexible income benefit for 600 staff

October 9, 2019 4:20 pm Published by Leave your thoughts Motorway and trunk road service operator Roadchef, which employs more than 3,300 staff in the UK across 30 locations, has launched a new flexible income benefit for the 600 employees based at its Chester, Clacket Lane and Northampton operating sites. The Get Paid As You Go platform, provided by Wagestream, was implemented on 18 March 2019. The… View Article

Income streaming: How it all works

October 9, 2019 2:29 pm Published by Leave your thoughts Income streaming is transforming the way staff are paid.  It uses technology developed by Wagestream that lets employees access a % of the wages they’ve already earned each month when they need them.  What is income streaming? Your dog is ill, the vet’s bill is £122, but it’s the last week of the month and… View Article

Income Streaming: The future of employee pay

October 9, 2019 2:28 pm Published by Leave your thoughts We’ve all been there. It’s close to the end of the month. Another bill drops through the letter box and you can’t pay it.  What do you do?  Grab a credit card? Dip into your savings? Take out a payday loan? For millions of people across the UK, receiving an unexpected bill means taking out… View Article

High tech ways to keep your employees happy

October 9, 2019 2:27 pm Published by Leave your thoughts Half-price cinema tickets, cycle to work schemes and gym passes have long been part of employee benefits programmes. But with research showing 84% of millennials look to leave their jobs within the first two years, employers want to tailor their perks packages to their employees’ needs. Emerging technologies such as data analytics, chatbots, and wearables… View Article