Strengthening Employee Welfare: Wagestream and Wakam’s Innovative Enhanced Sick Pay for UK’s Frontline Workers

In a groundbreaking partnership, Wagestream and Wakam have joined forces to launch Enhanced Sick Pay, a revolutionary product aimed at providing affordable sick pay cover for frontline workers. This collaboration marks the first-of-its-kind in the UK, directly addressing the longstanding issue of inadequate sick pay support for those at risk.

The lack of sick pay support for at-risk workers

For years, low-income workers have faced substantial challenges when it comes to receiving adequate sick pay support. The current statutory sick pay in the UK is not only insufficient, but also disproportionately unfair for those with lower incomes. This disparity leaves many struggling to make ends meet, especially when faced with unforeseen medical emergencies.

Low-Income Workers’ Fear of Working Through Serious Illness

A recent study sheds light on the dire situation faced by low-income workers. According to the research, a staggering 83% of individuals in this category fear working through serious illness due to their inability to afford sick leave. This fear is driven by concerns over financial stability and the inability to take time off work when their health is compromised.

Wagestream’s solution for sick pay coverage

As a solution to this pressing issue, Wagestream has developed a unique feature within their platform. Workers who are enrolled in Wagestream can now set aside money in the app specifically for sick pay coverage. This innovative system allows them to receive up to half of their salary during extended periods of accident and sickness absence, lasting over 7 days and for a maximum of 90 days.

Alignment of mission-driven approach between Wagestream and Wakam

The partnership between Wagestream and Wakam goes beyond a mere business collaboration. Both companies share a common mission-driven approach, placing social impact at the heart of their operations. Wakam’s dedication to inclusive insurance products, transparent terms, and lower distributor commission rates align perfectly with Wagestream’s impact framework and fair financial product principles.

Benefits for Employers and Employees through the Partnership

This partnership holds significant benefits for both employers and employees. By integrating Wakam’s offerings, Wagestream provides a valuable addition to employers’ financial well-being toolkits. This not only enhances employee benefits but also contributes to a positive work environment, promoting overall employee satisfaction and retention. The collaboration will directly benefit over one million UK workers who have access to Wagestream through their employers, bringing much-needed relief to the most vulnerable.

Consolidation of Wakam’s presence in the UK market

For Wakam, this partnership represents a significant milestone in expanding its presence in the UK market. By teaming up with Wagestream, Wakam reinforces its commitment to making a social impact and addressing the pressing social issues faced by workers today. This collaboration not only solidifies their position in the market but also showcases their dedication to providing accessible and meaningful financial products to the wider public.

The introduction of Enhanced Sick Pay cover through the partnership between Wagestream and Wakam is a groundbreaking step towards addressing the lack of affordable sick pay support for frontline workers in the UK. This joint effort benefits not only the workers themselves but also their employers. By aligning their mission-driven approaches, Wagestream and Wakam have demonstrated a genuine commitment to social impact and a fairer financial ecosystem. As this collaboration expands and gains momentum, it promises to bring much-needed relief and security to those who need it most.

Explore more

How Is AI Revolutionizing Payroll in HR Management?

Imagine a scenario where payroll errors cost a multinational corporation millions annually due to manual miscalculations and delayed corrections, shaking employee trust and straining HR resources. This is not a far-fetched situation but a reality many organizations faced before the advent of cutting-edge technology. Payroll, once considered a mundane back-office task, has emerged as a critical pillar of employee satisfaction

AI-Driven B2B Marketing – Review

Setting the Stage for AI in B2B Marketing Imagine a marketing landscape where 80% of repetitive tasks are handled not by teams of professionals, but by intelligent systems that draft content, analyze data, and target buyers with precision, transforming the reality of B2B marketing in 2025. Artificial intelligence (AI) has emerged as a powerful force in this space, offering solutions

5 Ways Behavioral Science Boosts B2B Marketing Success

In today’s cutthroat B2B marketing arena, a staggering statistic reveals a harsh truth: over 70% of marketing emails go unopened, buried under an avalanche of digital clutter. Picture a meticulously crafted campaign—polished visuals, compelling data, and airtight logic—vanishing into the void of ignored inboxes and skipped LinkedIn posts. What if the key to breaking through isn’t just sharper tactics, but

Trend Analysis: Private Cloud Resurgence in APAC

In an era where public cloud solutions have long been heralded as the ultimate destination for enterprise IT, a surprising shift is unfolding across the Asia-Pacific (APAC) region, with private cloud infrastructure staging a remarkable comeback. This resurgence challenges the notion that public cloud is the only path forward, as businesses grapple with stringent data sovereignty laws, complex compliance requirements,

iPhone 17 Series Faces Price Hikes Due to US Tariffs

What happens when the sleek, cutting-edge device in your pocket becomes a casualty of global trade wars? As Apple unveils the iPhone 17 series this year, consumers are bracing for a jolt—not just from groundbreaking technology, but from price tags that sting more than ever. Reports suggest that tariffs imposed by the US on Chinese goods are driving costs upward,