Wagestream allows your employees to have complete control over when they get paid. It effectively ends the need for employee advances, loans and employee stress suffered from short term, unplanned financial obligations.
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Reducing stress by providing financial security is the biggest tangible benefit you are able to give your employees.
Staff retention and productivity are highest in companies that put employee financial wellness at the top of their agenda. Long payroll cycles can cause financial stress resulting in unpaid bills and overdraft fees which can be all-consuming to your employee. Wagestream offers a voluntary benefit to your staff and requires no changes to your current payroll process. The process is easy to manage and offers your staff the financial freedom they deserve.
On the Wagestream app, your employees will be able to see exactly what they’re earning, every hour, every day, every week.
At the touch of a button, your employees can choose to transfer any amount of their earned wages directly into their current account. Wagestream facilitates all payments and reconciles with your normal payroll cycle. In order to settle an unplanned expense, avoid overdraft fees or sort out an unpaid bill, Wagestream is here for your employees. No loans, no credit, no high interest charges, just improved financial wellness.
The Wagestream app shows each employee how much they have earned for each hour they have worked. They can transfer these earnings instantly at any time.
Transfers are sent directly to an employee’s current account, for a one-off fixed fee. All transfers made in a given pay period are deducted from monthly wages.
Integration is minimal with no changes to your current payroll timing and process. There is no set-up fee or integration cost required to launch.
|Your time-keeping software No changes necessary||Wagestream platform Wagestream links to your timekeeping software, either manually or through integration||Employee Using the app, employees can view earned wages at any time.|
|Employee Using the app, employee requests money to be transferred to their current account||Wagestream platform Wagestream funds the transfer. No change to employer cashflow.||Payroll Any transfers are deducted from monthly payroll and employee is paid as normal|
Wagestream can save you millions by signficantly reducing staff turnover.
Average annual salary
Annual company savings