wagely, Asia's leading financial wellness platform, is witnessing a remarkable growth in popularity of its earned wage access (EWA) service among women workers, with a 343% increase in the number of withdrawals made by women in 2022 compared to the previous year. Today, more than half of the individuals (53%) with access to wagely are women, highlighting a significant shift towards women utilizing EWA to manage their finances and improve financial wellness.
In a country with a population of over 275 million, security is a crucial aspect of everyday life. According to the Association of Indonesian Security Service Business Entities (ABUJAPI), there were 1.6 million security guards in Indonesia. With such high demand, businesses providing these services must be able to ensure the quality and reliability of their workforce. One company that has been able to do just that is PT Wibowo Manajemen Indonesia, also known as Wibowo & Company.
In today's competitive job market, it is essential for companies to attract and retain top-notch talent to thrive. However, a study by Robert Walters released in 2022 revealed that many companies were facing difficulties in retaining and recruiting employees. The study found that 50% of companies in Indonesia had seen increased resignations, and 65% had difficulty recruiting new talent. Moreover, the study also found that 65% of professionals were looking to change jobs or resign in 2023
wagely, Asia's leading financial wellness platform, today rolled out a new feature called Bill Payment that makes it easier for users in Indonesia to quickly pay essential bills with their already-earned but unpaid salary without having to go to another payment service. With Bill Payment, employees of wagely partners can top-up PLN electricity tokens and mobile phone balances, as well as pay PDAM water and postpaid electricity bills anywhere and anytime directly from the wagely app.
Indonesia's economy continues to grow, creating more and better opportunities for women in the workplace. According to Statistics Indonesia, women's labor force participation rate was 53.41% in August 2022. But despite their important role in the workplace, unfortunately, the same report shows women still earn less than men, with the average wage for women at IDR 2.59 million, compared to men’s at IDR 3.33 million. Many of them are working mothers and some are single mothers trying to make ends meet for their growing families.
