Wagestream

Overview

Wagestream is a UK-based software company founded in 2018, specializing in financial software solutions aimed at improving financial stability for employees. The company addresses challenges related to volatile working hours and their impact on financial well-being, particularly for lower earners who often face significant financial insecurity. In its published materials, Wagestream emphasizes the importance of providing employees with predictable working conditions and financial resources. Recommendations include adhering to the Living Wage Foundation's Living Hours standard, which advocates for fair notice periods for shifts, accurate contracts reflecting hours worked, and guaranteed minimum working hours. Additionally, Wagestream supports the implementation of payroll savings programs, particularly those structured on an opt-out basis, to encourage savings among employees with variable incomes. The company actively participates in research initiatives, such as those conducted by Nest Insight, to promote effective savings habits and enhance financial inclusion for workers. With a workforce of 51 to 200 employees, Wagestream continues to contribute to discussions on financial stability and employee welfare through its insights and recommendations.

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