More than a quarter of Bupa employees enroll in flexible pay benefit

Bupa | February 17, 2020

As of early February 2020, more than a quarter (27%) of employees at healthcare organisation Bupa had enrolled in the employer’s flexible pay benefit. The service, provided by Wagestream, was launched in December 2019, with the goal of helping staff meet costs in the run-up to Christmas. Since then, a quarter (25%) of Bupa employees have actively used the benefit, which allows them to have instant access to pay equating to their completed shifts, without needing to wait for their monthly payday. A total of 1,600 employees have made at least one transaction so far, with an average withdrawal of £80, and each active user using the service an average of 2.5 times per month. Overall, 3,000 transactions have been made since the introduction of the benefit. Bupa has chosen to set a cap on the amount that can be accessed, to help employees ensure they do not experience a shortfall in income as a result. Employees can also choose to set their own individual limits, including a percentage of total pay, total sum accessed, or number of transactions.

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Spotlight

"This session will be focused on the practical approaches deployed by top performers to source energy and maximise impact as leaders and individual contributors. It will draw on the latest thinking in the field of psychology and leadership to identify habits which when applied consistently help people to gain momentum and progress in key areas of importance in their working and personal life. A holistic approach is needed which allows a given individual to work on physical, emotional, intellectual and spiritual /transformational habits which can help them to not only to enhance intrinsic satisfaction but also to raise their level of resilience and resourcefulness in their working lives. This session will cover the top habits which have been found to be most effective in all fields of life i.e. corporate, creative and sport ."

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Glassdoor | October 11, 2022

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