Batik, a leading Employee Benefits and Perks Platform has partnered with Fibe, India’s largest personal loan and salary advance platform with an aim to provide instant, hassle-free and seamless lending solutions. Employees will now be able to access Fibe’s personal lending finance platform through Batik’s portal and explore various options to resolve several of their financial requirements. Any employee today requiring immediate cash disbursement for their instant loans, consumer durables, education loans, medical loan, home renovations and weddings, rest assured that it will be managed with Fibe.
The addition of Fibe to Batik’s suite of employee benefits coincides with data from the PwC reports that employees looking for a new job are constantly dealing with critical cash and debt issues and less confident that their current employer cares.
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59% of these employees who are looking for a new job find it difficult to meet their monthly household expenses
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50% use credit cards to pay for monthly necessities they otherwise couldn’t afford
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Among financially stressed employees, 49% said that the money worries had a severe or major effect on their mental health during the last year, compared to just 15% of employees who are not stressed by their finances.
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The majority of employees (73%) whose productivity at work is majorly impacted by their financial worries also mention that their financial situation has significantly affected their self-esteem
