News

realbusiness
Published

Tech company helps key workers gain access to wages ahead of pay day

3 Mins

Earnings-on-demand platform Hastee is waiving its fees to help crucial workers access their wages before payday. The news breaks as the UK enters its second day of “lockdown”, with only frontline staff being encouraged to travel for work during the coronavirus outbreak.

PM’s orders

On the 23rd of March, Prime Minister Boris Johnson stressed the importance of “shopping for basic necessities, as infrequently as possible”, however for many critical staff this can be a difficult task, due to the long hours they are now forced to work.

For six months, Hastee is making the service available for free to all staff deemed crucial to the UK’s response to the evolving COVID-19 outbreak, including police, fire services, teachers, and those involved in the food supply chain.

Tech will save frontline staff

The platform has already reported a 32% week on week increase in usage, as workers access their money ahead of payday to stock up on the essentials.

“We want to support the most important members of the workforce to focus on the enormous task at hand – whether it be treating patients in our hospitals or ensuring our food supplies remain consistent as we prepare for further restrictive measures to take hold. By waiving all fees for six months for critical staff and three months for every other business, who will need huge support to get through this, we hope we can at least take some of the financial pressure off those people who are so essential to the overall wellbeing of everyone else,”  says Hastee founder and CEO, James Herbert.

How the platform works

  • It allows employees to receive a portion of their earned pay immediately via a mobile app
  • Workers can choose to receive up to 50% of their gross pay for the work they have completed; it is income smoothing of their earned pay, not a loan
  • Some employers may choose to restrict the availability for their staff to below 50% should they wish/need.

There’s more to come…

The spread of coronavirus across the UK has encouraged many other manufacturing and tech-firms to sway from their traditional duties and get pro-active in the fight to curb this deadly virus.

Just yesterday Dyson announced that it had been working with The Technology Partnership, a medical company based in Cambridge, to develop a “meaningful and timely response”, to the ventilator shortage sweeping across many NHS hospitals.

“This is a highly complex project being undertaken in an extremely challenging timeframe. We are conducting a fully regulated medical device development, including testing in the laboratory and in humans, and we are scaling up for volume,” the Dyson manufacturer team added.

Why ‘the office’ will soon be a thing of the past
‘The curious find me,’ says shamanic business coach, Sarah Negus
Share via