UK restaurant chain Honest Burgers is offering its 730 employees early access to their furlough pay during the Covid-19 (Coronavirus) pandemic.
The initiative, provided by income streaming service Wagestream, will give employees the option to request an early payment of up to 50% of their furloughed pay.
Employees will be charged a flat fee of £1.75 per withdrawal and can make multiple withdrawals per month.
This initiative is designed to support employees who have been placed on the government’s Coronavirus job retention scheme (CJRS). Under the CJRS, employees can receive 80% of their wages up to a maximum of £2,500 per month.
Kate Moscardini, head of people experience at Honest Burgers, said: “We are excited to partner with Wagestream and be able to give our employees an instant and accessible way to access their wages. We want to make things as easy as we can for our teams and Wagestream will be key in delivering that.
“By launching Wagestream now, it means our employees can access their furlough pay before we receive it from the government which will ensure we are continuing to support them during these tough times.”