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They re-invest every penny back into their customers as a not-for-profit organisation. But in the face of significant workforce challenges in 2024, Anchor recognised the need for a revised focus on the wellbeing of their colleagues.Understanding that every financial life is different, they set out to find a solution that would give their colleagues the tools to manage their money in a way which suits their individual needs. This led them to Stream's award-winning financial benefits platform - and the results?
Pay
Track
Claim
Workplace Loans
Workplace Savings
Financial Coach
Rewards
More than 50%
of colleagues are accessing financial benefits
£600,000
saved in 6 months
82%
of members feel less stressed
Shifting from a model that relied on multiple providers, Anchor introduced Stream, a comprehensive platform offering a range of financial benefits, including flexible pay, budgeting, rewards, savings, financial coaching, plus much more.
The impact on colleague wellbeing and business operations was almost immediate.
Within six months, money-related stress amongst colleagues had decreased, over £600,000 had been saved by their workforce, and thanks to flexible pay options, more shifts were being picked up, reducing agency spend for Anchor as a result.
Rob Martin, Executive Director of Care Services, shared that:
“I can be sceptical with new technology, but Stream has without a doubt been a huge success within Anchor. Already over half of our workforce is using the app to manage their money more effectively. A happy workforce means a more engaged workforce, giving a better experience to our residents.”
Talk to us about the positive impact we can have on your teams and your business.
