The growing economy gives labors more and more job choices. In addition to corporate culture, salary and payment method are factors that determine employee engagement. Instead of paying salary periodically, many companies have given employees financial autonomy through the WeWay app. This is a “smart” financial technology (Fintech) App of MiWay Joint Stock Company.
WeWay takes the benefits of employees and the company as a guidelines in its operations.
Advance payment up to 100% salary with few screen taps
Mr. Nguyen Van Dien, currently a technical worker at TNG Construction Company. Although the monthly salary could cover the living expenses of his family, sometimes he has to borrow urgent money when unexpected things arise in a difficult way.
Recently, after his company cooperated with MiWay Joint Stock Company to deploy WeWay application, Mr. Dien is able to have salary advance if necessary.
He shared that: “When there was an emergency situation but the salary payment was not in turn yet, WeWay helped me to immediately have salary advance to use in a timely manner, I hope my company will continue to maintain WeWay regularly to help employees work more comfortably.”
Not only TNC company where Mr. Dien is working but many other companies have also given employees financial autonomy through WeWay app. With a few seconds activating the app on the phone, and based on the salary table priorly provided by the company, the employee’s working day salary will appear on screen and thereby the employee could receive the advance salary from WeWay’s own funds after 5 minutes entering the desired amount. At the end of the month, the company will refund the money to WeWay.
This method is completely free for companies. Employees also do not have to bear any interest but a very small transaction fee, only about 1% per transaction and do not take any furthur fees.
Mr. Hoang The Anh - CEO of WeWay
Double benefits, multiple values
WeWay takes the benefits of employees and the sustainable development of the company as a guidelines in its operations. Therefore, both employees and companies have benefits through WeWay app.
For employees, not only changing the time of receiving wages, WeWay also gives them financial security and stability in life through integrating many features on the app.
Mr. Harry Hoan Chan, the founder of WeWay shared that: “We will deploy many value-added services including helping and advising employees on bank loans with the best interest rates and terms, encouraging employees to make savings by deducting from their own monthly salary or paying utility bills on behalf of employees.”
And as for companies, the salary advance via WeWay has strengthened the trust of employees and their well bonds to the company.
Ms. Vu Phuong Ha, an employee at FiinGroup shared: “WeWay is very interesting and easy to use. Through the implementation of WeWay, I feel more about the superior care and welfare that the company provided to employess, from which I feel more attached to the company.”
According to WeWay’s research, giving employees chances of having advance salary has reduced employee turnover by 15%, increased working hours by 20% and increased by 80 points in the Great Places to Work Index.
“An interesting point is that after installing the app, they open the app every day, not to advance money but to let them see how much income they have accumulated. And as they feel more excited, they want to work more actively to increase their income. And overall, the labor productivity of the enterprise has been increased naturally which is also the benefits that brings directly to the employees as well as the business” - Mr. Hoang The Anh, Executive Director WeWay added.
Signing ceremony of cooperation agreement between Miway Joint Stock Company and OOC Technology Solution Joint Stock Company
Take shorcuts to embrace digital transformation with WeWay
As being one of the pioneers in providing practical and flexible salary payment solutions for both employees and businesses, WeWay has been honored in the National Digital Transformation Directory 2020.
Recently, Vietnam has achieved impressive economic growth milestones, especially in the export sectors. International customers when working with Vietnamese companies are very interested in the BSCI index, which shows the corporate social responsibility, including the assessment of salary levels and salary payment mechanisms.
Using WeWay app, businesses will take a shortcut to embrace digital transformation technology, have more opportunities and move towards long-term and sustainable development.
