// Asda offers its staff the option to access some of their wages early
// The move is to help alleviate the financial burden during the rising cost of living
Asda has offered its employees the option to be paid in advance to help ease the financial pressures amid the rising cost of living.
The supermarket chain, in partnership with fintech firm Wagestream, will allow its 140,000 workers to access some of their salary before pay day.
Staff who choose to receive part of their accrued earnings early will not be charged for the first time in each pay cycle but will pay a flat fee of £1.50 for the times after.
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Asda chief people and corporate affairs officer Hayley Tatum said: “We understand that from time to time our colleagues may need a bit more financial help, something which would be made worse by the current cost of living crisis.
“Giving our colleagues flexible access to their pay, alongside a range of support and guidance, could prove vital in giving them financial peace of mind, as well as their mental wellbeing.”
The grocer is raising its hourly wages by 10% this week to £11 an hour and £12.17 for those working inside the M25.
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4 Comments. Leave new
I worked in The Co-op’s warehouse for a number of years. They also partnered with Wagestream, and it was very useful to access my wages early.
However, I’ve now moved to another company, that pays its staff better, so you don’t have to rob Peter to pay Paul.
very good
Hi just to put you straight on Asda pay rise the only reason the wage is going to 11 pound is that the staff ate no longer getting the yearly bonus which they were receiving the actual pay increase is 80p so you need to get your facts right also did you know Asda staff have to put a days holiday in for Easter Sunday even though the shop is closed if this is your usuall day of work and same applys for Christmas day shocking company to work for Mrs Thompson
Bad idea. It will a habit which will create it’s own problems.