The Perfume Shop implements on-demand pay

The Perfume Shop financialFragrance retailer The Perfume Shop has introduced on-demand pay as part of its ongoing commitment to supporting its workforce.

Through the Wagestream app, the retailer’s employees will be able to draw up to 50% of their salary out at any time of the month to help with unexpected bills, expenses and other costs, to avoid falling into debt or taking out a payday loan.

They can also choose to move a percentage of their wages into a savings pot, and also get shopping discounts and cheaper household bills deals.

Within the last 12 months, The Perfume Shop has introduced a range of financial support initiatives for its employees. These include increasing pay by 10% to the living wage in January 2023, becoming formally accredited as a living wage employer in July 2023, and paying commission to employees in its busiest months of the year from October 2022.

The Perfume Shop also offers financial and wellbeing services through the Retail Trust, and employee discounts and savings through its Perks at Work app, as well as Superdrug and Three discounts for being part of the AS Watson Group.

Sign up to our newsletters

Receive news and guidance on a range of HR issues direct to your inbox

OptOut
This field is for validation purposes and should be left unchanged.

Michelle Fellows, people and development director at The Perfume Shop, said, “The health and happiness of our employees is extremely important to us, which is why our people strategy has a clear focus on financial wellbeing. With the continued impact of the cost-of-living crisis, we’re constantly looking at ways we can support our teams.

“We’re proud to be real living wage accredited employers and our new partnership with Wagestream, plus commission, enhanced maternity pay, additional paid holiday entitlement, in addition to all our established benefits has been hugely popular with our employees. We’re confident we offer one of the best suites of benefits and wellbeing offerings on the high street and these further investments demonstrate how much we value our teams.”