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A holistic financial wellbeing strategy

Discover the financial wellbeing strategy which saw Brewers Decorator Centres recognised at two major award ceremonies in 2023.

Retail
1900 Employees

Benefits offered

Pay

Track

Workplace Loans

Claim

Workplace Savings

Financial Coach

Rewards

80%

of members are using Stream to budget

£153

is the average amount Brewers colleagues save each month

20%

reduction in year-on-year turnover, six months post launch

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The impact of offering Stream

About Brewers

Over 120 years old, Brewers has been a family-run business ever since its doors first opened  in 1904.

Brewers has spent over a century providing expert knowledge, friendly advice and the finest products. As a family business, people are at the heart of everything the business does, whilst continuing to serve local communities across their branches.

Brewers is an incredibly supportive business to work for, taking the time and energy to invest in its people. Colleague wellbeing is a top priority, ensuring support and development opportunities are available throughout the business. The average service of a manager at Brewers is 20 years.

What Brewers needed

Wishing to support all aspects of wellbeing, in 2022 Brewers decided to launch a financial wellbeing programme with an aim to better support their team financially and to boost workplace culture.

Delivering any change in a company over 120 years’ old can be challenging however, especially within a disparate workforce where over a third of employees are without a work email address.

Brewers' solution

An inclusive, accessible solution with a targeted communications plan was key to a successful launch. The roll out of Stream became a company-wide initiative, with managers from different teams recruited as ambassadors and engagement improved within teams as a result.

Within just one month of launch:

- Over a quarter of employees had signed up to the app
- 100% of members had used Stream for budgeting support, by reviewing their current and predicted earnings
- 32% of members were putting money to one side

For Brewers the launch of Stream  proved that technology can foster engagement, reaching a disparate workforce, and that by combining this with personal touchpoints, the close-knit feel needn't be lost. It has been a great leveller for smaller businesses like Brewers.

An award-winning strategy

In 2023 Brewers's financial wellbeing strategy was recognised in two industry awards:

- Brewers WON the 'Best Support of Financial Wellbeing’ category at the Make A Difference Awards.

- The business was also shortlisted in the 'Best Financial Wellbeing Strategy' category at the Employee Benefits Awards.

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Talk to us about the positive impact we can have on your teams and your business.

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