Manila, Philippines – Sprout Solutions, a Philippine-grown HR tech company, has recently launched its latest financial wellness benefit, ‘ReadyWage’, offering employees immediate access to their earned income.
As a new solution, ReadyWage addresses the challenge of financial stress among Filipino employees. As per the company’s recent financial wellness report, 91.8% face this problem occasionally, affecting their focus and productivity. Additionally, 42% have left jobs due to insufficient compensation.
By transforming payroll systems in the Philippines, it further enables employees to manage their finances more effectively while enhancing overall productivity.
Moreover, the solution offers Earned Wage Access (EWA), allowing employees to withdraw a portion of their earned pay instantly through the Sprout HR platform. Unlike traditional loans, it is also interest-free and has no rigid repayment schedules.
Patrick Gentry, CEO at Sprout Solutions, said, “ReadyWage is a game-changer. It’s a salary-on-demand tool that provides access to earned wages before payday, relieving financial stress without the burden of loans or salary advances. We’re changing the way payroll is done in the Philippines.”
Ana Balan, assistant people operations manager at Sarisuki Food Solutions, also shared, “ReadyWage has given our employees financial flexibility, reduced our payroll adjustments, and improved HR productivity.”
With ReadyWage, employees can also gain real-time access to their earnings, reducing financial stress and enhancing workplace engagement, focus, and productivity.
Meanwhile, Mae Rivera-Moreno, president and co-founder at Beeline Now Consulting Services and a ReadyWage client, stated, “ReadyWage allows us to provide our employees with easy and safe access to their earned salary, at no extra cost to us. It fosters a supportive work environment.”
Established in 2015, Sprout Solutions is a homegrown B2B SaaS company in the Philippines. Now in its 10th year and servicing clients both locally and across Southeast Asia, the company remains consistent with their mission to impact lives and improve business by helping organisations and their employees succeed through AI-enhanced HR, fintech and business solutions.
