Financial wellbeing starts with clearer pay

Help employees understand their pay, pensions and deductions with instant access to payroll information. Reduce payroll queries, build trust and support better financial wellbeing every day. 

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Screens to demonstrate Financial Wellbeing features within People First
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Screens to demonstrate Financial Wellbeing features within People First

Payroll questions create uncertainty

When employees have questions about pay, deductions or pensions, they want answers immediately. Payroll teams can spend valuable time handling routine enquiries, creating unnecessary administration. Give employees access to the information they need, reduce reliance on payroll support and help people feel more confident about their finances.

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Make a positive impact on the financial wellbeing of your employees

Intelligent ‘Payroll Assistant’

Employees can ask questions about their pay and receive immediate answers about earnings, deductions, pension contributions and payroll information, helping them access support without raising a payroll query.  

Payslip explanations

Help employees understand how their pay has been calculated with accessible explanations of earnings, deductions and pension contributions. Reduce confusion and improve confidence in pay accuracy. 

Payroll approvals

Provide secure approval workflows with clear visibility of payroll actions, approval status and audit history. Improve governance while helping managers understand payroll changes and their impact. 

Pension automation

Automatically assign pension schemes based on role and eligibility criteria. Reduce manual administration, improve consistency and help ensure employees are enrolled correctly from day one. 

Anomaly detection

Identify unusual payroll activity before processing. Highlight potential errors, anomalies and exceptions early so payroll teams can investigate quickly and confidently improve pay accuracy. 

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Layered visual of the People First platform and it's features on a mobile device
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More than just financial wellbeing

People First connects payroll, HR, workforce management and analytics in one platform. Employees gain the information they need to understand pay and workplace decisions, while organisations benefit from connected data, greater visibility and streamlined processes that improve productivity, engagement and operational efficiency. 

FAQs

How can Financial Wellbeing help employers?

Employers can change their pay cycles from weekly to monthly pay to reduce internal costs, free up time for the payroll team and reduce risk of admin errors. Employees are therefore enabled to manage their pay frequency when it suits their lifestyle. 

Does MHR Financial Wellbeing benefit employees?

61% of users say their quality of life has improved because they have access to the app, while 67% say it makes them feel more in control of their financial future. Just under half (46%) have avoided a payday loan and 55% have reported an improved ability to plan their finances.

How does flexible pay help employees manage their money?

Across all of the organisations who have implemented Financial Wellbeing from MHR, we find that individuals use the flexible pay feature in different ways depending on their circumstances:

  • Some choose to use flexible pay as a way to manage their budget on a weekly cycle, and will regularly draw down the full amount of pay available to them each week
  • Some people use flexible pay as their everyday payment tool, for example instead of using a credit card or overdraft. Many people report that they find using flexible pay better and safer for their circumstances because the mechanical link between earnings and pay means they cannot inadvertently overspend
  • With 14m people in the UK having £100 or less in savings, some will rely on the feature to cover unexpected expenses such as a car repair or replacing an appliance, which can be highly problematic if there’s no money saved up to cover it
  • Roughly 35% of individuals who use flexible pay report that their hours vary so substantially that some months they can pay all their usual bills and some months they cannot. They use flexible pay to smooth out lumpy cash flow month to month

See why 1,400+ organisations trust our global platform

Schedule a personalised demo and see how you can support your employees financial wellbeing

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