The HLB Salary Advance Employer Solution is a simple, seamless digital platform that enables employees to withdraw up to 25% of their monthly earned salaries whenever the need arises. Brought to you by Hong Leong Bank Berhad
This EWA solution aims to empower Malaysians by providing them with easy access to their earned salaries, and is set to transform the way businesses offer and manage their advanced salary payouts.
On the other hand, employers ranked the ability to support their employees with flexible and quick access to their salaries during emergencies as a top priority in salary management. “The rising costs of living and inflation increase the financial pressure on particularly the lower- to middle-income earners and households.
Jong emphasised that the new EWA solution would help employers and businesses manage their advanced salary payouts – providing a fully-automated system that is streamlined, efficient and sustainable. “We partner with leading banks across different regions, including Hana Bank in South Korea, to ensure fair pricing, consumer protection and greater financial access to all.
“Our solution has been proven to decrease turnover rates and save companies an annual savings of over RM2.1mil in rehiring fees.
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