// 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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