Desh Garments partners with Wagely to increase financial wellness for workers
Desh Garments Limited (DGL) today signed an agreement with Wagely Bangladesh Limited to bring financial wellness to its workers.
As per the deal, DGL workers will be provided real-time access to their earned salary through a new and innovative benefit known as Earned Wage Access (EWA), Wagely said in a press release.
"We are pleased to partner with Wagely, the leading financial wellness platform in Bangladesh, and offer our employees instant access to their earned salary and financial education to increase their overall financial health," said Vidiya Amrit Khan, deputy managing director of DGL.
Tobias Fischer, chief executive officer and co-founder of Wagely, said this partnership is another opportunity for Wagely to stand beside one of the top ready-made garment companies in Bangladesh.
As employee benefits solutions are gaining significant momentum globally, Wagely is pioneering financial wellness and earned wage access in the RMG industry in Bangladesh, according to the press release.
Aside from the clear benefits for workers, there is strong evidence in the data that companies benefit from higher productivity, lower turnover, higher motivation, and employee satisfaction due to the implementation of employee benefit programmes, it said.
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