MHR, the HR and analytics expert, has announced a new partnership with Wagestream, the leading global provider of income streaming and workplace financial services.
The partnership will mean MHR customers are now able to offer income streaming to their employees, which will give them the ability to access their earned income, whenever they choose. The solution enables employees to track their income, budget, save direct from salary and access financial education content through a workplace app.
Income streaming has proven to make short term, high cost credit solutions, such as payday loans, redundant; and helps workers escape from the ‘debt trap’ caused by monthly pay cycles. Income streaming technology has already boosted the financial resilience of over 350K UK workers, including critical front-line workers in care homes and the NHS.
Anton Roe, Chief Executive Officer at MHR says: “In today’s current climate, money worries can have a significant impact on the wellbeing of employees. That is why we have decided to partner with Wagestream.
“It is vitally important that we offer a suite of products and services to support our customers now and in the future. Financial wellbeing is one of the key issues affecting UK workers today and this partnership enables our customers to offer their employees a way to take control of their finances. It also helps customers to move forward and revolutionise the way payroll works.”
Peter Briffett, Co-Founder and CEO, Wagestream said: Now more than ever, working people in the UK need access to the right tools and resources to help them build financial resilience. MHR shares our social values and our technology partnership means that we can work together to bring better financial health to thousands more UK workers.
Find out more about Wagestream