Target Group deploys financial wellbeing platform Level
PRESS RELEASE
London, UK, February 2022: Level, the fintech firm empowering workers to instantly access, save and budget from their earned pay, has been deployed by Target Group, a leading provider of business outsourcing supporting more than 50 financial services institutions in the UK.
Recognising the financial toll of the Covid-19 pandemic and current cost-of-living crisis, Target Group has put in place a number of measures to support its staff, including becoming a real living wage employer at the end of 2021.
Staff will now benefit from services such as on-demand access to earned wages, salary-linked savings products and bespoke budgeting tools powered by Open Banking, through the Level app.
Stephen Holliday, founder and CEO of Level, said: “We believe that employers are uniquely positioned to help their staff make positive behavioural changes to improve their financial health and wellbeing, a major concern for many households, particularly with rising living costs. We are delighted to be working with businesses like Target Group that recognise the role they must play.
“Salary linked services have proven to be the most effective tool for enabling a regular savings habit. Providing employees with better rates of interest than would otherwise be available, alongside greater insight into their pay cycle and expenditure, are moves in the right direction to establishing a true savings culture, which has to be the backbone of good financial management.”
Level is used by a growing number of businesses, from FTSE 250-listed Capita to firms operating at the heart of the gig economy.
Matt Davies, HR Director at Target Group, commented:
“Our role at Target Group is to transform customer experiences, and we seek to extend that to colleagues as well. As a business, we recognise that we’re responsible for the financial health of our people. Through deploying Level, we’re providing a positive impact at a time when our colleagues need it most.”
