MANILA, Philippines – Imagine if you could access part of your paycheck anytime you needed it, instead of waiting for payday. That’s what Popeyes Philippines just rolled out for their team members by partnering with Paywatch. They’re using something called Earned Wage Access (EWA), which gives their employees more control over their finances—think of it as a safety net for unexpected expenses or just easing through the month without needing short-term loans.
Enhancing financial wellness in the workplace
Popeyes has been a fast-growing player in the Philippine food scene, reaching over 50 branches nationwide since its return in 2019. With a booming quick service restaurant market set to hit nearly $8 billion by 2026, the need to keep skilled, motivated workers is more crucial than ever. Through EWA, Popeyes provides employees the option to access a portion of their earnings before payday without interest, making it easier to manage daily costs or emergencies. This support cuts down financial stress and ultimately boosts attendance and retention.
A step toward operational efficiency
It’s not just employees who benefit—Popeyes aims to improve efficiency and save on costs by reducing turnover rates and training expenses. Ed Kintanar, CFO of Popeyes Philippines, shared that happier, financially secure employees mean a stronger, more stable workforce. This partnership with Paywatch marks a significant step in making Popeyes one of the most employee-friendly brands in the industry.
Empowering the workforce with financial flexibility
Paywatch, a leader in EWA services across Asia, supports this mission by bringing financial wellness to the food service and retail industries. According to Rowell Del Fierro, President of Paywatch Philippines, offering EWA to workers can mean more than just employee satisfaction—it’s about creating a motivated, resilient workforce.
With this partnership, Popeyes is setting a high standard in employee care in the bustling QSR industry, supporting both financial well-being and operational success.
FAQ
What is Earned Wage Access (EWA)?
Earned Wage Access (EWA) is a financial benefit that lets employees access a portion of their earned wages before payday.
How does Earned Wage Access work?
Employees can use an app to access part of their earnings anytime they need it, without taking out loans or paying interest.
Why is Popeyes offering EWA to its employees?
Popeyes wants to improve financial wellness, reduce turnover, and enhance employee productivity.
What are the benefits of EWA for Popeyes employees?
EWA offers financial flexibility, reduces stress, and helps manage expenses without high-interest loans.
How does EWA improve operational efficiency at Popeyes?
By reducing turnover and increasing productivity, EWA helps Popeyes save on rehiring and training costs.