Wagestream Connector for ADP® iHCM

Using Wagestream to improve overall employee wellbeing has had fantastic results with 86% of employees feel less stressed as result of using the platform

Wagestream is used within client’s benefits packages and on job adverts to help with hiring resulting in 27% faster recruitment on average

Using Wagestream as a benefit has had tangible impact on client employee retention strategies. Research body Ipsos Mori found that organisations implementing Wagestream can expect a 5% increase in employee retention within the first six months of launch. Other organisations have seen up to a 16% increase.

Offering immediate access to overtime wages has increased shift uptake and reduced agency costs with clients seeing a 32% increase in overtime worked

Wagestream has proven to be a useful tool to reduce pay queries for organisations with organisations reaching up to 40% reduction in pay queries

Clients have seen huge reductions in agency spend because of flexible wage access reducing on average 32% in agency spend

Employees can see upcoming shifts as well as any impending cash flow shortages though our open banking integration, encouraging them to pick up extra shifts. Employees who use Wagestream work on average 11% more hours than those who don't.

Our budgeting and tracking tool offers employees total transparency over their incoming earnings and outgoing expenditure (via open banking) for easier budgeting. Visibility of earnings are available in the app in real-time as shifts are worked and logged and upcoming/previously worked shifts are also visible.

Flexible pay gives people the ability to choose when to get paid allowing them to access a portion of wages earned at any point of the month, instead of waiting until payday. It’s an alternative to the fixed pay cycle in which employees can only access their pay once a month, regardless of what they’ve earned and it plays a positive role in improving financial wellbeing by enabling people to shape their pay around their lives. Many choose to use the service to budget, pay for bills, cover unexpected costs or take advantage of time-limited sales or discounts. All transfers are instant and processed via faster payments.

Employees can use Build to set aside money automatically and directly from their earnings into a rainy day pot, with an aim to work towards financial resilience against unexpected expenses. Available in-app and instantly accessible anytime for free.

Personal, certified money coaches available in real-time via chat. Each employee conversation is 100% confidential and employees can ask any questions they might have about their money. There is also a financial wellbeing quiz to benchmark individual progress and assess areas in which to improve. Multiple solutions and resources are additionally available in-app to ensure that taking action is frictionless.

As a holistic financial wellbeing solution, Wagestream has a huge amount of additional features and tools for employees to use as part of the Feature Hub. These features are constantly being refreshed in order to provide fairer access to financial services for the frontline worker.