Motorway service restaurant chain Roadchef has implemented a new income streaming platform to give employees early access to pay
Roadchef, which operates 30 service areas in 21 locations across the UK, partnered with Wagestream to bring financial health back to workers in March 2019, trialling the ‘Income Streaming’ platform in three of its key locations.
Following the success of the trial it has now made it available to all its team members.
Roadchef employees can now access and withdraw up to 40% of their earned income throughout the month rather than having to wait until payday.
Roadchef’s director of HR & development Laura Bunn said that initial reaction from employees at locations in Chester, Clacket Lane on the Surrey Kent border, and Northampton was positive, with a high number of employees enrolling.
Workers can make use of the platform’s informative “just in time” financial education, and access wages to cope with unexpected expenses like car troubles or boiler replacements without having to turn to overdrafts, credit cards or high-interest payday loans.
Mark Fox, CEO of Roadchef, said: “By developing our partnership with Wagestream we hope to add an additional safety net for those who might need it, ensuring no one in our company has to worry about short term financial issues.”