Salutem Care and Education enhances employee financial well-being through new savings initiative.
- The company introduces Wagestream Workplace Savings as part of its benefits package.
- Employees have access to a savings account with a 4.7% annual interest rate.
- The initiative supports financial flexibility, allowing penalty-free withdrawals.
- Salutem’s commitment to staff welfare gains national recognition.
Salutem Care and Education has taken a significant step to improve the financial well-being of its employees by introducing Wagestream Workplace Savings. This new initiative is part of a broader effort to provide comprehensive financial support for its workforce.
The Wagestream Workplace Savings account offers employees a competitive annual equivalent rate (AER) of 4.7%, making it an attractive option compared to many high street banks. Unlike traditional savings accounts, it provides flexibility, allowing employees to withdraw their savings at any time without incurring fees or penalties.
The savings account is designed to be accessible and secure, being fully protected under the Financial Services Compensation Scheme. This assurance gives employees confidence in the security of their savings, encouraging them to engage actively in managing their financial health.
This initiative aligns with Salutem Care and Education’s broader commitment to enhancing employee well-being. Recently, the company launched ‘Salutem Extras,’ an app offering various benefits and perks to its staff. Such efforts have been acknowledged nationwide, with the organisation being listed among the top 50 Inspiring Workplaces of 2024.
Furthermore, Salutem Care has been recognised as one of the UK’s top employers by the Top Employers Institute, highlighting its dedication to creating a supportive and employee-first culture. The CEO, John Godden, emphasised the importance of employee well-being, stating, “At Salutem, we know that the well-being of our employees is key to providing the best care and education for the people we support. By continuing to enhance and develop our partnership with Wagestream, alongside initiatives like Salutem Extras, we’re giving our staff greater financial flexibility and peace of mind.”
Salutem Care and Education continues to prioritise employee well-being through innovative financial benefits.
