Build financial resilience for your workforce
Wagestream gives your workforce Earned Wage Access and a unique set of tools that build long-term financial resilience. Charity-backed, we design all our products with financial wellness as the guiding principle – guaranteeing a lasting and positive impact on your organisation in just 3 months.
What your employees get
An app allowing them to track their earnings, access their earned wages, save direct from salary and get access to financial education tools.
What you get
Enterprise HR Analytics platform to instantly measure your financial wellbeing strategy and get real-time visibility over engagement, retention and the financial resilience of your people.
What is Earned Wage Access?
EWA, also known as income streaming, is the fintech service that allows users to receive a portion of their wages for hours they have already worked but not yet been paid for by their employer. It is not an advance or a loan.
Find out moreForget financial buzzwords.
This is how we do it.
Changing your colleagues lives for the better
Our tools help your staff on a journey to financial resilience, hear what they've got to say about Wagestream.
- 1Budgeting
- 2Streaming
- 3Learning
- 4Saving
Melisa
Budgeting
"This is so much better than asking for an advance with your boss. Help on budgeting and debt management, all good stuff.”
Wagestreamer Since Aug ‘18
now feel more in control of their finances
Jacob
Streaming
“Wagestream helped me afford to get into work when I was stuck instead of taking out a payday loan or something, which is what I would have done.”
Wagestreamer Since April ‘19
were able to cover unexpected expenses
Nick
Learning
“It’s a nice peaceful way of managing your money plus loads of advice.”
Wagestreamer Since Jan ‘20
a month users access financial tips and tools in the app
Maria
Saving
“I like Safestream for one simple reason. Because the money leaves my pay check before I see it in my bank, I forget about the £50 a month I’m putting aside and budget with what’s in my account.”
Wagestreamer Since Nov ‘19
Employees who stream are 2-3x more likely to start saving
Meet Our Clients
Business Benefits
Measurable & Guaranteed
Retention Improvement
Staff turnover reduced by up to 16% for multiple clients
Read our report
Quicker recruitment
Companies using Wagestream filled open roles 27% quicker
Check the data
Increased productivity
We've increased the hours worked by 22% across many clients
See case studyHear from our clients
We work with hundreds of organisations who have seen great results through building the financial resilience of their colleagues. But don't just take our word for it, hear what they've got to say about Wagestream.
Claire Clarke
Group HR Director, Casual Dining GroupStaff turnover reduced by up to 16% for multiple clients
“The ability to retain staff is already paying dividends for us as a business.”
Tim Painter
HR Director for Stonegate Pubs600 job adverts on indeed.co.uk using Wagestream as an attraction tool
“This is a real revolution in pay that is already making it easier to recruit and retain staff.”
Rebecca Pearson
Operations Director, Bupa Care Services77% of users feel less stressed as a result of using Wagestream
“Instant payment facilities can be great for staff, giving them the flexibility to take control of their finances, reducing stress and improving their overall wellbeing. For me, it’s a win win.”
David Reed
HR & Compliance Manager, Key SecurityWagestream has helped increase the number of hours worked by 22% across multiple clients
“Partnering with Wagestream has had a positive impact on our service delivery with staff volunteering for extra shifts.”
The financial health of your workforce matters
We all carry money worries.
Take a look at some of the issues your workforce face when it comes to their finances
Exposed to cycles of debt
50% of workers in the UK run out of money before payday due to the monthly pay cycle* *ONS
Would like help with money management
39% of adults do not feel confident managing their money* *Wagestream Survey of 493 respondents from streamers
Want more financial support from their employer
70% of employees are looking for support from their employer to improve their financial resilience* *Aon - ‘Prevention is better than cure’ white paper
Need a financial buffer
50% of households under the age of 35 can't afford an unexpected bill of just £250* *Experian - '3.5 million young households can’t afford a surprise expense of £250' report
The impact of financial stress on your workforce is real
Financial worries are distracting
48% of people are distracted at work by money worries*
*PwC’s 8th annual Employee Financial Wellness Survey
Financial worries lead to absenteeism
16% of people say their financial worries have led them to miss work*
*PwC’s 8th annual Employee Financial Wellness Survey
Financial worries lead to increased turnover
78% are more likely to leave for another organisation who cares more about their financial wellbeing
*PwC’s 8th annual Employee Financial Wellness SurveyAfter 3 months of using Wagestream
of your workforce will feel more positive about you for introducing a solution which helps them
of users feel their financial situation has improved because of Wagestream
of users say that they feel less distracted at work due to money stress because of Wagestream