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Travelodge, a leading hotel chain with over 600 locations, prioritises the wellbeing of its 13,500 employees through it's strategy 'Better Me'. They introduced Stream to support this strategy, with transformative results across the business.
Budget
Claim
Coach
Pay
Rewards
Track
Workplace Savings
85%
retention amongst employees who been with Travelodge over six months
74%
of employees feel less stressed about money
Fewer
payroll queries due to increased earnings visibility.
Travelodge recognised the need to enhance its colleagues' financial wellbeing. While the company was already focusing on providing stable contracts (avoiding zero-hour contracts), and offering career progression through its Aspire development programme, it required an innovative tool to support employees from a financial wellbeing perspective.
This led Travelodge to introduce Stream as a key part of its 'Better Me' wellbeing strategy, which addresses emotional, physical, work, and financial wellbeing.
The introduction of Stream has had a significant impact on colleague sentiment and financial habits:
Colleague feedback highlights:
"Brilliant if you want to have control of your salary and quick check they approved all your hours..."
"I like the breakdown of the shifts and how much you get paid. It helps me understand my money and budget better."
"Thank you for this app, it really is life changing. ...not having to wait payday to payday to help feed my family really helps."
"Since having the app, I have found managing money a lot better. Seeing what I’m earning from day to day has been good it gives me an insight of what and how I’m earning."
Travelodge has also observed trends that support positive business outcomes:
The platform's additional features, such as Workplace Savings and access to financial coaching are also key components. The save function is actively promoted to encourage financial resilience. Since launch, £1.1 million has been deposited into savings, indicating habitual, proactive saving.
Advice for other businesses
Travelodge's Katharine Gourley - Director of People Operations, shares advice for companies considering Stream and other financial wellbeing benefits.
"Understand your demographic and what parts of this will be most useful to your colleagues, we’ve focussed on promoting the save function to our salaried colleagues for example...
By offering Stream, Travelodge reinforces its commitment to its colleagues' financial wellbeing, helping them manage unexpected costs, budget more effectively, and ultimately support its goal of being a workplace where individuals can thrive and progress.
Talk to us about the positive impact we can have on your teams and your business.