The Work Index by Flexa

Wagestream

Wagestream is a financial wellbeing platform that provides employees with access to their earned wages, savings tools, and financial coaching.

6.6

/10

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Description

Wagestream is a financial technology company that provides a comprehensive financial wellbeing platform designed to empower frontline workers and improve their financial health. Their mission is to bring better financial wellbeing to frontline workers by offering a suite of fairer financial services through their employers. These services include flexible access to earned wages, savings tools, financial coaching, and budgeting resources, all accessible through a user-friendly mobile app. Wagestream's approach is underpinned by a strong social charter, a commitment to data-driven impact, and partnerships with leading social impact charities.

Wagestream's platform benefits both employees and employers. Employees gain greater control over their finances, reducing financial stress and improving their overall wellbeing. Employers benefit from a more engaged, productive, and retained workforce. Their services are particularly beneficial for hourly-paid workers who often face unpredictable income and budgeting challenges. Wagestream's focus on financial inclusion and its commitment to a positive social impact have earned it recognition as a B Corp and Living Wage Foundation Ambassador.

Flexibility

Wagestream offers a flexible work environment, but details on specific arrangements are not provided in the job posting. It's best to contact the company directly for information on their flexible work options, such as remote work, flexible hours, or part-time positions.

Benefits

Wagestream offers a comprehensive financial wellbeing platform designed to empower frontline workers and improve their financial health. Employees have access to flexible pay, allowing them to access up to 50% of their earned wages at any time, reducing reliance on high-interest loans. They also have access to a "Build" feature to save towards future goals, with automated contributions and a monthly prize draw. Wagestream provides a personal financial coach through the app, offering confidential guidance and support. Additionally, employees benefit from budgeting tools, including live visibility of pay and spending, to promote financial literacy and management.

Enhanced parental leave

Mission

Wagestream is on a mission to improve the financial wellbeing of frontline workers. They achieve this by providing fair and accessible financial services through employers, focusing on flexible pay, budgeting tools, savings plans, and financial coaching. Their mission is driven by a social charter and a commitment to improving individual financial health, backed by leading social impact charities and a focus on measuring and reporting their impact.

Data-driven
Disruptor
Improving quality of life/health
Social impact led
Sustainability
Tech for good

Culture

Wagestream promotes a culture centered around financial wellbeing and social impact. They are committed to creating a positive and inclusive work environment where employees feel valued and supported. They offer a variety of benefits, including enhanced parental leave and above-living-wage pay, to demonstrate their commitment to employee well-being. The company's social charter, embedded in its articles of association, underscores its dedication to providing fair financial services and eliminating the poverty premium. This dedication to social responsibility permeates the company's decision-making processes and partnerships, fostering a sense of purpose and a shared commitment to making work more rewarding for all.

Agile and dynamic
Collaborative
Entrepreneurial
People-first
Progressive
Supportive

DE&I

Wagestream prioritizes diversity, equity, and inclusion (DEI) by integrating diverse and inclusive practices across all areas of the business, with a particular focus on the hiring process. They aim to build a strong culture, create a positive working environment, and be a conscientious employer, for example by offering enhanced parental leave and paying above the living wage. Wagestream's financial wellbeing app is 100% inclusive, meaning it can deliver a service to any employee no matter their history or circumstances, and is specifically designed for frontline workers facing unique financial challenges.

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