SAVii

Businesses implementing financial wellness initiatives can be instrumental in bridging the gap between employment and financial health. The benefits of providing this level of assistance for employees are well documented, with increased results in employee engagement and productivity, recruitment and retention, cost containment, workforce management, and diversity.

At this juncture, SAVii—a salary finance platform— is revolutionizing the employee wellness landscape to enhance employee engagement within companies by providing HR leaders with salary-linked wellness services that personally and professionally uplift team members.

“SAVii has helped Everise become a truly #peoplefirst organization,” says the Vice President of HR at the BPO of Everise.

It supports employees with safe, effective, affordable loans, advances, and financial education, without risk or obligation to employers.

SAVii (founded as Uploan) recognized the need to provide employees with an affordable, personalized, and safe formal lending solution regardless of their credit history. Without access to formal credit, employees turn to loan sharks or online lending platforms that humiliate or threaten borrowers for unpaid balances, negatively impacting team dynamics and productivity. To prevent employees from encountering these situations and instead build healthy credit habits that protect them in the long term, SAVii provides financial power at work.

“Providing safe financial solutions through the convenience of a salary deduction removes the financial stress that can destabilize an employee’s personal and professional life. SAVii services are designed to enhance employee well-being, which can maintain focus and engagement at work- to benefit the business as a whole,” says Liam Grealish, CEO of SAVii.

Becoming the Preferred Provider of Employee Wellness

Clients of SAVii say from experience how the employee wellness start-up platform has changed the landscape of employee well-being by increasing morale and motivation.

Client HR Compben Section Lead at Kenny Rogers PH states, “Nobody is immune to financial difficulties. We were fortunate to find an employee benefits provider through SAVii, a firm that valued not just rapid and immediate financial aid but also long-term support to assist our people in achieving financial resilience. “

Companies and employees were both affected by layoffs and closures during the pandemic. Companies were faced with the challenge of providing extraordinary care to their surviving employees, who they feared would become sick.

“Fortunately, our collaboration with SAVii provided our people with much-needed financial help. Their dependable services provided our employees with the funds they needed to address their challenges. They were also affordable, so we didn’t have to worry about our people’s ability to pay,” says their client, the Senior Compben Manager at DHL Supply Chain PH.

On the other hand, employees faced increased financial stress since they had to support family members who had lost their employment or been ill, in addition to dealing with the unpredictability of covid. SAVii’s customer base has doubled since 2020, propelling them to the top category. The team expanded its service offering to support BPO businesses and major corporations in their efforts to promote employee well-being by providing COVID-19 insurance, mental health support, and more extensive financial education. The improvement in employee well-being benefits HR departments.

SAVii has evolved to serve nearly 500,000 employees across the country, providing comprehensive services that have benefited over 100 enterprises in improving the financial
well-being of their employees.

SAVii brings Financial Power at Work!

Most Filipino workers prefer to access financial products through salary deduction (according to a survey of 10,000 employees conducted by SAVii).

For the past five years, its earned wage program has gained traction in the Philippines. It has provided major regional companies like Cognizant with fast, convenient emergency cash solutions. Upon collaborating with SAVii, its employer partners receive data insights to help manage attrition and unlock engaged, productive employees.

SAVii’s credit options include the most convenient interest rates (starting from 0.5%) and flexible loan terms ranging from one to sixty months. The loan application and repayment updates are constantly visible on an employee dashboard. Its dedicated customer service team handles all borrower questions. Employers are not held liable since the SAVii platform handles the process. SAVii’s products are created to stay within the safe limits of an employee’s debt-to-income (DTI) ratio, and repayments are withheld from compensation to ensure employees can manage their loans. The firm also complements its main service with turnkey solutions for mental health and financial wellness engagement programs.

SAVIii’s collaboration with Mcdonald’s in the Philippines is a testament to how its financial solutions helped during the pandemic. Since the client faced multiple emergency cash need requests from employees across the Philippines, they approached SAVii for assistance. SAVii also provided financial education to the staff members on basic personal finance, budgeting, and interest rates. The client’s staff received financial support, enhancing employee wellness.

With employee well-being threatened by financial demands due to continuous disruptions in the global economic landscape, salary-linked finance will emerge as the most effective and secure means of achieving financial inclusion in emerging markets where large populations are either unbanked or underbanked. Building on this notion, SAVii strives to revolutionize the employee wellness landscape by providing free COVID insurance and mental health support in the Philippines.