Power Over Pay
Over a million people now have power over their pay, the greatest benefit any employer can give.
Power over pay means the ability to instantly access, track, save and manage earned wages.
Power over pay means a transformed employee experience with quicker recruitment, higher retention rates, more overtime take-up and better financial wellbeing.
What your employees get
A simple app for instantly accessing, tracking, saving and better managing their pay
What you get
The market-leading, cloud-based platform to rapidly transform every employee's experience - from boosting recruitment, through to becoming the ultimate financial wellbeing benefit
What is Earned Wage Access?
As part of a financial wellbeing platform designed to increase savings and reduce reliance on credit, EWA simply means employers can offer employees access to their already-earned wages, throughout the month.
EWA is proven with data to improve financial wellbeing and reduce reliance on predatory forms of lending by 88%. No interest is charged and it is not an advance.
According to the Financial Conduct Authority, EWA is not a loan and should not be considered a form of credit.
Forget everything else.
This is power over pay.
With Wagestream, you can give people power over their pay and remove that financial stress. Here's how it works for them.
Transforming
employees' lives
Over a million people now have power over their pay, and it's transforming their financial wellbeing.
Hear what our users have to say.
- 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
Over a million people now have power over their pay
Transforming the organizations we work with
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
Join the employers transforming peoples' lives, by providing power over pay.
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.”
Power over pay matters
We all carry money worries
Give power over pay to transform your employees' experience by helping with the thing that matters most - their financial lives.
Exposed to cycles of debt
1 in 3 Americans run out of money before payday *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
56% of American families run out of money at the end of their pay period *Bankrate survey Jan 2020
The impact of financial stress on your people 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 organization who cares more about their financial wellbeing
*PwC’s 8th annual Employee Financial Wellness SurveyHere's what power over pay can achieve
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