SEPTEMBER EVENT – WEBINAR: FINANCIAL SUPPORT SOLUTIONS FOR BUSINESS PAYROLL
Entering the business world means you are entering a financial “game” where products, goods, and services are the means. And cash flow management is the problem that determines the survival of the business you have dedicated your heart to building.
In this “game,” as a business owner, have you ever had sleepless nights trying to figure out how to find the funds to pay your employees?
In this “game,” as a chief accountant, have you had days where you felt stuck under the pressure of managing the payroll fund, “drowning” in complex salary advance procedures?
In this “game,” as an HR manager, have you wanted to propose a salary advance policy to help employees cover their living expenses and work with peace of mind, but hesitated for fear of creating more complex tasks?
A 2021 study by Bank of America shows that 82% of small and medium-sized businesses fail due to cash flow problems. According to a survey from “Visa Direct powers real-time payroll for frontline workers,” the annual turnover rate in blue-collar industries such as Retail, Manufacturing, F&B, and Labor Supply is 30 – 200%. Among them, 84% of surveyed employees spend time thinking about financial issues at work, and 34% spend more than 4 hours thinking about personal finances. And businesses need to pay 2-3 months’ salary to complete the training for a new employee.
In the Vietnamese market, the turnover rate due to the unmet need for early salary access is about 14%. This means that for every 100 resignations, more than 10 people leave due to issues with payroll timing. In addition, about 22% of turnover is due to delayed salaries (According to the General Statistics Office, 2021)
What about your business? Is the cash flow management problem a simple calculation, or is it truly forcing your business to exhaust all its energy to find a solution?
What is the solution that can give you real peace of mind, ease your burden, and help your business stabilize its finances and grow steadily?
Understanding these concerns, on the upcoming September 23rd, 1Office will organize the Webinar 1Care – financial support for business payroll with the desire to share with managers and business executives a completely new technology solution that simultaneously solves two problems: providing businesses with short-term financial resources for monthly payroll and helping employees access flexible salary advances based on days worked.
The event is an opportunity for managers to share real-life stories about the challenge of corporate cash flow management, and thereby effectively access a smart technology solution that helps businesses stabilize finances, ensure on-time payroll, reduce pressure on HR and accounting departments, and enhance employee benefits.
The speaker for the webinar is Mr. Le Viet Thang, CEO and Founder of 1Office Joint Stock Company.
With experience in successfully implementing a total management solution for over 5,000 Vietnamese businesses such as: Hoa Phat, Canifa, Yody, IIG Vietnam, Dong Tam Group, Viettel Post, Ahamove…, he promises to bring many practical lessons and in-depth analyses on corporate cash flow management, thereby helping managers solve their problems with a revolutionary technology solution suite.
In addition to valuable knowledge, by attending the event, you will also have the opportunity to connect and expand your network with CEOs/CFOs/HRDs from over 300 businesses in the same field. At the same time, you will become one of the first business leaders to access and experience a demo of the new technology solution for flexible payroll for businesses and receive a special incentive package worth up to 200 million VND from 1Care.
We look forward to welcoming you to the event to share the difficulties and challenges in financial and human resource management, and from there, to accompany you on the journey ahead.
