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Logistics Industry Hurdles
High Employee Turnover
The transportation and logistics industry has one of the highest turnover rates of any industry, with an average turnover rate of 67%, according to OCED. (1)
Labour Shortage
The logistics industry is facing a shortage of skilled workers, which has been worsened by the COVID-19 pandemic. To attract and retain talent, logistics companies are turning to innovative solutions such as Earned Wage Access.
Complexity of Supply Chain Management
According to a study by PwC, 75% of logistics companies in Malaysia face challenges in managing their supply chains, including balancing cost, speed, and quality while meeting customer demands. (2)
Overcome Logistics Industry challenges with Earned Wage Access
89%
Workers would be willing to work longer for an employer offering Earned Wage Access.(3)
79%
Workers are more willing to switch to employers already offering Earned Wage Access.(3)
Unlock the Power of EWA to boost your Logistics business
Paywatch offers flexible payroll with guardrails in place for employees. Here’s how we can help you address the pain points of logistics industry.
Improve employee retention
Reduce turnover rates of up to 78%
Save annual rehiring fees
Happy Staff, better services
Implement Earned Wage Access to overcome challenges
Paywatch provides customized approach and dedicated support to launch and onboard your employees seamlessly. Work with us to simplify your payroll process and reduce administrative tasks.
Easy implementation
0% interest charge.
No impact on cash flow or payroll process
Let us handle your early pay requests and boost your business.
Hear it for yourself
“There was an emergency to go back to my hometown when my mother-in-law wasn’t well. With Paywatch’s EWA solution, I was able to access my earned wages instantly without having to borrow money from anyone else.”
Mody Azry
Lorry Driver at Lotus's
Source:
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OECD. (2021). OECD Competition Assessment Reviews: Logistics Sector in Malaysia
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PWC. (2009). Transportation & Logistics 2023, Volume 1: How will supply chains evolve in an energy-constrained, low-carbon world?
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Visa. (2019). Earned Wage Access (EWA) provides early access to already earned wages, helping both workers and employers.