#FinancePH - Landers Superstore Teams Up with Paywatch to Bring On-Demand Pay to Employees

The fastest-growing membership retail chain in the Philippines has just announced a groundbreaking partnership with Paywatch, Asia’s leading Earned Wage Access (EWA) provider. This collaboration makes Landers the first supermarket in the country to offer on-demand pay, a move that underscores their commitment to employee satisfaction and financial wellness.

    

Imagine having access to a portion of your wages whenever you need it, without waiting for payday. That’s exactly what Landers is offering through their new EWA program. Launched initially at their Central Office, Otis, and Alabang branches, this initiative is set to roll out nationwide, giving all Landers employees greater financial flexibility. Whether it’s managing daily expenses or handling unexpected emergencies, this program aims to reduce the need for short-term loans and alleviate financial stress.

Why Financial Wellness Matters

A recent survey by PwC revealed that 76% of employees feel financial stress impacts their productivity, and 55% are distracted at work due to financial issues. Moreover, a significant number of employees prefer working for companies that prioritize financial wellness. Landers is stepping up to the plate by offering EWA, a debt-free solution that allows employees to access their earned wages without hidden fees or interest.

“Our employees are the cornerstone of Landers’ success,” says Reynald Lapan, Chief Human Resources Officer at Landers. “By offering on-demand pay, we aim to ease the burden of unexpected financial challenges, allowing our staff to focus on delivering exceptional service. With Paywatch as our trusted partner, we’re making this vision a reality.”

Paywatch: A Trusted Partner in Financial Wellness

Paywatch is not just any EWA provider; it’s the region’s only bank-backed, regulator-approved solution. Recognized by the United Nations and central banks for its commitment to financial inclusion, Paywatch supports over 500,000 employees across Malaysia, South Korea, Indonesia, and the Philippines. Since its launch in the Philippines in 2023, Paywatch has seen a 150% surge in interest, with many companies, including Pick-A-Roo and Kuya J, adopting their EWA solution.

“At Paywatch, we’re committed to enhancing employee financial well-being,” says Rowell Del Fierro, President of Paywatch Philippines. “Our partnership with Landers demonstrates the power of EWA in tackling recruitment challenges in the retail sector. With voluntary turnover in the Philippines rising, retaining talent is more challenging than ever. Our global success with giants like Lotus’s and Jaya Grocer proves EWA’s effectiveness in reducing turnover.”

Setting a New Standard in Retail

With this partnership, Landers is setting a new standard in the retail industry, redefining employee benefits while boosting productivity and fostering a financially secure workforce. It’s a win-win for everyone involved, and it’s just another reason why Landers is a great place to work.

For more information about Paywatch, visit their website at Paywatch Global.

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