Fourth and Wagestream Team Up to Boost Retailers’ Cash‑Flow Confidence
Fourth, the go‑to software shop for retail and hospitality, has deepened its partnership with Wagestream to help cash‑flow tightness among workers as stores start swinging open again.
What’s Happening?
Retailers who already use Fourth’s workforce tools can now give their teams instant access to the Wagestream platform— a charity‑backed app that’s proved to splash out financial stress.
How the App Helps
- Track & Save Your Money – Snap up a look at your earnings, mop up savings, and keep your wallet on a steady track throughout the month.
- Earned Wage Access (EWA) – Grab what you earned before payday—no more predatory loans or that high‑interest short‑term credit option.
- Money‑Smart Learning – Handy tips and tricks to manage your wages smarter and keep your finances healthy.
Why Fourth Loves the Wagestream Edge
Since 2018, this partnership has already made waves for hospitality staff, cutting out financial anxiety and bringing clear benefits such as:
- Rapid Hiring – Employees line up faster when they know they’re supported.
- Higher Engagement – Staff feel valued, leading to happier on‑the‑job vibes.
- Better Retention – Workers stay longer when they’re empowered, reducing turnover costs.
Adoption Numbers that Make a Difference
Within Fourth’s hospitality customers: around 60% of employees sign up for Wagestream— a staggering uptick when other benefits hover around a 12% uptake.
In short, this alliance means fierce financial resilience for the hardworking workers who keep the lights on, and it gives retailers a smoother, more stable workforce to tap into.
Road to recovery
Retail Sector Reopens – A Fresh Bash for Financial Wellness
Now that shops are buzzing again, a golden opportunity is brewing: retailers want tools that help their teams manage work‑life funds and keep the cash flow stress in check. Fourth spots it as the perfect moment to roll out this game‑changing support.
Why the Stakes Are High
- UK adults with shaky finances spiked from 10.7 million to 14.2 million over the last year.
- 90% of retail and hospitality bosses say the pandemic shook employees’ wallets.
- Mental health costs could hit £777‑£989 per staff member per year – a price tag that’s bound to sting.
All this points to one thing: financial well‑being isn’t just a “nice‑to‑have” – it’s a core part of keeping hearts (and heads) healthy on the floor.
Wagestream’s Impact – The Numbers That Matter
Three quick stats that prove the platform does more than smooth salary bumps:
- 77% of users feel less stressed.
- 72% say their money is more in their control.
- 82% now feel happier about their employer, with 46% saying money worries no longer distract them at work.
What the Leaders Are Saying
Sebastien Sepierre, Managing Director – EMEA at Fourth:
“A huge chunk of the UK retail crew fought furloughs and redundancies during the lockdown. This creates a crushing financial pressure that melts both the employees and the businesses that employ them. Keeping staff happy and engaged as we walk into recovery is more critical than ever. Wagestream is the only financial wellbeing platform backed by charities, proven by data, and built around the employer. We’re thrilled to bring the same win‑win that our hospitality friends have seen into retail.”
Peter Briffett, CEO of Wagestream:
“In‑work financial stress is an invisible, urgent crisis – amplified by the old‑school ways we all tweak our wages. For the majority of retail workers, and their bosses, it’s a real pain point. The data shows that giving people true power over their pay, folded into a smart financial wellbeing program, is the antidote. We look forward with giddy anticipation to expanding our partnership with Fourth and help more people build resilient financial futures.”
Fourth’s Human Capital Expansion – From Hospitality to the Retail Stage
Four tendies (hah, sorry, the whole company) adds a new module aimed squarely at retail. Think:
- One‑stop HR SaaS: core HR, workforce planning, payroll, T&A, mobile collaboration.
- Full inventory stack: recipe engineering, purchase‑to‑pay, all powered by smartphone.
- Robust analytics suite that gives managers real‑time insight into costs, profitability, employee delight, and compliance.
With 7,000 customers across 120,000 global locations, the reach is massive – and the scale of impact is nothing to sneeze at.
Ready for the Review?
Keep your eyes peeled for real‑time updates, and subscribe right here to stay in the loop. Let’s remember – a financially fulfilled team is a productivity powerhouse. Let’s make it happen, one paycheck at a time.
