Platform: SaaS, Mobile app
Wagestream is the only financial wellbeing platform founded with charities and operating on a social charter. It is committed to offering products that demonstrably improve financial wellbeing for the workforce as shown by its B corporation accreditation.
Wagestream's suite of products and services are always focused on helping employers to give frontline workers a simpler, fairer and more flexible way to manage, save and access their pay in real-time.
Wagestream has the highest adoption rate of any financial wellbeing app: amongst employees given access to the technology 60%, on average, will enrol and frequently engage with its suite of user-friendly tools and services. This reaches 80% in some larger enterprises.
(UK & Global)
POA - differs for EWA, financial coaching and if the employer is funding the stream.
Upgrades and support are included in licence fee.
Contract length is typically 12 months.
• CSV Imports
• Browser upload
• Integrated module
• Integrated module with bureau services
• Partnerships with third party payroll providers*
*Approved payroll integrations:
Access, ADP, Allocate InstantPay, Ciphr, Advanced, Deputy, Moorepay, MHR, Oracle, HCM, Peoplesoft, SAP Success Factors, SD Worx and Zellis
Upgrades and Support
Typically upgrades are carried out fortnightly for Wagestream app users through the App Store and Google Play Store.
Support can be provided via telephone, email portal and in person, with a dedicated 24/7 support team.
• Multi language
• Multi currency
• Security roles based on location
• Config per location
UK, USA and Canada, Australia, New Zealand and Spain.
Time to Implement
Key challenges Wagestream can solve
Over 2 million employees around the world now use Wagestream. It's providing hundreds of employers - including NEXT, Burger King, the NHS and Halfords - with an efficient and effective solution for improving staff recruitment and retention rates, overtime uptake, productivity and morale.
Wagestream can deliver up to:
faster recruitment so you can better attract top talent
less turnover, so you keep your talent for longer
reduction in financial stress, leading to happier and more productive employees
The 'Track' feature gives people live visibility over their pay and spending in one place. By making it easy to match up incomings and outgoings, employees are better placed to align their pay cycle with major expenses and can avoid problems like bounced payment fees, going into their overdraft or borrowing from family and friends.
The 'Coach' feature gives people a certified financial coach in real-time on their phone. By providing access to expert, personalised, impartial guidance on everything to do with money, people feel empowered to save towards their goals (using Wagestream's in-app Save feature) and can learn how to apply for state benefits or reduce bills.
The 'Stream' feature gives people the flexibility to access their wages as they earn them. This brings two key benefits: giving people control over their own pay cycle significantly reduces money worries day-to-day; and giving people the choice to get paid when they've earned it can often mean they avoid resorting to high-cost credit in between pay cycles.