Guest Host Jake Bates, Employee Wellbeing Specialist at fastP.A.Y.E.
In the last episode of series 1, we thought it would be good to hear from our regular host Ian Hogg on a subject that is important to him. With Guest host, Jake Bates Ian looks at a potential revolution in financial wellbeing.
In 2020 the University of Edinburgh carried out a survey of 10,000 NHS employees about their financial wellbeing. That isn’t unusual, however, this survey was done using open banking. That means they used APIs to access all of the data in staff bank accounts. In essence, 10,000 NHS employees gave someone permission to access all of their data so researchers could see every transaction they did, over 15 million transactions were used in the survey. Scary right? Well not if it is done for the right reasons and anonymised. Ian believes that this could be the most influential survey into financial wellbeing yet and that open banking can help us understand the problems of financial wellbeing much better and help us create the solutions.
Jake and Ian discuss:
Resources:
What is inspiring Ian?
Good to Great by Jim Collins Why Some Companies Make the Leap...And Others Don't
What is inspiring Jake?
How to contact Ian
www.fastpaye.com
How to Contact Jake
https://www.linkedin.com/in/jake-bates/
The Workplace Wellbeing Podcast is supported by the WorkTech Group, which supplies cloud based tools for the modern workforce manager. The Group owns, ShopWorks, a cloud based Employee Scheduling Software and Labour Management Software provider. fastP.A.Y.E is an Advance Salary App and On Demand Pay solution. SolvedBy.Ai provides AI powered Labour Demand Forecasting solutions and Employee Retention Software.