Central Co-op launches new financial wellbeing benefit

Central Co-op is thrilled to announce a new partnership with MHR to launch Wagestream, an innovative financial wellbeing benefit, for all colleagues starting today, 29th July 2024.

Earlier this year, Central Co-op introduced the “We’ve got you” wellbeing campaign, aimed at making a significant impact on its colleagues' overall wellbeing. The introduction of iTrent Financial Wellbeing, powered by Wagestream, is the next pivotal step in this campaign. The new benefit empowers colleagues by giving them access to their earnings between paydays, as well as offering financial coaching and providing a new way to save.

Key features of the benefit include:

• Colleagues can access up to 50% of their earned pay at any time between paydays
• Professional financial guidance to help manage personal finances effectively
• A competitive interest rate for saving money
• Tools to monitor financial health and progress
• Easily check eligibility for various benefits to support colleagues and their families

Jennifer Roberts, Senior Reward and Wellbeing Manager at Central Co-op, comments: “Our mission is to support our teams and colleagues in every possible way. The launch of iTrent Financial Wellbeing, powered by Wagestream, is a testament to our commitment to building a healthier, happier and more financially secure future for everyone. "We've Got You" is not just about addressing workplace challenges; it’s about recognising that life extends beyond office walls. Colleagues can access a wide range of resources on our new online wellbeing centre to support them through both professional and personal challenges, with many services available outside regular working hours to ensure support is there when its needed most.”

Central Co-op is hosting webinars for managers and colleagues to provide detailed insights into how iTrent Financial Wellbeing works. The financial platform will be hosted on the Society’s “Difference Maker Hub”, a centralised platform offering a wealth of resources, recognition and rewards, including career development tools, a recognition wall and exclusive discounts at hundreds of retailers.

As a Society deeply rooted in community and care, Central Co-op is dedicated to making a tangible difference in the lives of its colleagues. The launch of iTrent Financial Wellbeing, powered by Wagestream, and the wider "We've got you" campaign offers easily accessible and comprehensive support tailored to the diverse needs of colleagues across all areas of the Society, including retail, funeral services and its Support Centre in Lichfield.

For further information on what it’s like to work at Central Co-op, visit careers.coop/ or follow Central Co-op on social media. Details on becoming a Member can be found at Members.coop.

ENDS

For press information

Press Office
pressoffice@centralcoop.co.uk

Lauryn Mellor, PR and Media Specialist at Central Co-op
lauryn.mellor@centralcoop.co.uk
07385 048004