Be the Employer of Choice with MEWSS
Attracting and retaining top talent takes more than just standard benefits.
By offering your employees a workplace savings plan through MEWSS, you can help foster loyalty and boost productivity.
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In Partnership with Praxis
50+ Years
managing trust products
Partners with
trusted asset management firms
trusted asset management firms
Listed Global Provider
In financial services and regulated in the UAE by the FSRA
In financial services and regulated in the UAE by the FSRA
Is MEWSS the Right Solution
for My Company?
Attract Top Talent and Retain Employees
Increase employee loyalty and make your company more attractive for top talent. MEWSS shows you care about your employees’ financial well-being.
Financial Well-being for Employees
MEWSS helps your employees save and invest consistently, even if they have limited financial literacy. When you help reduce their financial stress, you’ll help boost their productivity.
A Wide Range of Investment Options
MEWSS offers access to a wide range of investment options. Employers design plans that align with company goals, while employees choose the investment options that fit their financial needs.
Trusted and Backed with Top Security Measures
MEWSS keeps your employees’ data safe with top-tier security protocols and regulated oversight, in compliance with data security acts.
Easy Management
MEWSS makes managing employee savings simple. Our tech is capable of integrating with different HR payroll solutions, making tasks like managing, adding, or removing employees quick and stress-free.
Affordable and Suitable for Businesses of all Sizes
Whilst MEWSS can be deployed to large businesses with employees in several locations, it can also assist smaller businesses, offering competitive fees.
BENEFITS
Win–Win Situation
Employer
Employee
Retaining Talent and Reducing Turnover
Retaining Talent and Reducing Turnover
Employees are more likely to stay with organizations that offer financial benefits. MEWSS is a savings plan that attracts top talent and helps keeps them loyal.
Improving Employee Productivity
Improving Employee Productivity
Offering a workplace savings solution can help reduce financial stress for your employees, allowing them to focus on their work and be more productive.
Enhancing Employee Value Proposition
Enhancing Employee Value Proposition
MEWSS is easy to set up and requires minimal work from employers. This allows you to easily provide financial benefits, enhancing employee satisfaction and company efficiency.
Promoting Financial Well-being
Promoting Financial Well-being
MEWSS helps employees build financial security by making it easy to save from their income. Over time, these savings can provide a solid financial foundation.
Offering Control and Flexibility
Offering Control and Flexibility
Employees have full control over their savings. They can withdraw funds quarterly or continue saving to reach their financial goals.
Providing Equal Opportunity
Providing Equal Opportunity
MEWSS is accessible to everyone, regardless of income level, allowing all employees to save and invest for their future.
How to Get Started
with MEWSS in 3 Steps
Easily integrated with most HR Systems
AVAILABLE PLANS
Try It Yourself
Frequently Asked Questions
What is the Middle East Workplace Savings Solution (MEWSS)?
MEWSS is a savings scheme that uses an automated platform empowering employers to facilitate savings and investing for their employees.
It seamlessly integrates with most HR systems, making it easy to support your employees' financial growth and security.
How does MEWSS benefit both employers and employees?
MEWSS empowers employers by enhancing employee financial well-being, which leads to higher retention and productivity. It also helps attract top talent and retain it by offering a valuable savings plan as part of your employee benefits.
For employees, MEWSS provides an easy way to build their financial future, reducing financial stress.
What makes MEWSS different from other savings plans?
MEWSS offers a modern, automated platform designed to make savings simple and effective for both employers and employees:
- Investment Options: Employees’ savings are invested in globally diversified investment options.
- Trustee and Administration: The trustee of MEWSS is Praxis, which is regulated by the FSRA in ADGM, to handle the operations with the highest standards of care.
- Flexible and Accessible: No complex paperwork or high minimum requirements, making it accessible for all employees.
- Cost-Effective: Offers competitive fees, making it affordable for businesses of all sizes.
- Seamless Integration: Easily integrates with most existing HR and payroll systems, simplifying administration.
How do I get started with MEWSS for my company?
Contact our team to set up your account and provide corporate documentation.
What kind of support does MEWSS offer for administration and management?
We offer comprehensive support and resources from within the UAE to ensure smooth administration.
How does MEWSS help improve employee retention and productivity?
By reducing financial stress and providing healthy financial habits, MEWSS enhances employee loyalty and engagement.
Are there any additional costs for using MEWSS?
No, all the costs are disclosed from the get-go. Our solution offers competitive fees and is designed to be cost-effective for businesses of all sizes.
How do I enroll in the MEWSS program?
Enrollment is simple and can be done through the invitation link that will be shared.
What investment options are available through MEWSS?
We offer a range of top-tier investment funds managed by BlackRock, Franklin Templeton, Schroders and others.
Can I control my savings and withdraw funds when needed?
Yes, you have full access and control over your account. You can withdraw savings every quarter if needed.
What are the benefits of using MEWSS?
MEWSS offers the convenience of automated contributions, making it simple for employees to save consistently without the need for ongoing manual transfers, providing a method that helps kick-start a savings habit!
How does MEWSS ensure the security of my contributions?
MEWSS prioritizes the security and integrity of employee savings. Contributions will be held upon a Trust, and investments are managed by top-tier asset managers, following strict regulatory standards to provide peace of mind.
What kind of financial education and support does MEWSS provide?
We offer educational content on budgeting and saving for your team as we’re onboarding them.
Do employees have to contribute every month?
Yes, each month, the employee’s chosen contribution amount will be automatically transferred from their salary to their MEWSS account. This makes consistent savings without the need for manual transfers.
How can employees change their contribution amounts?
They can adjust their contribution amount every three months. They can simply log into the MEWSS platform and update their preferences during the allowed period.
How do employees change their savings options?
To change their savings options, employees need to log into the MEWSS platform and navigate to their account settings. From there, they can make the desired changes.
What happens if employees stop contributing?
If they stop contributing, their existing savings will remain in their account. They can go back and resume contributions at any time.
What happens when employees leave the company?
When employees leave employment, their savings with MEWSS are still theirs. They can either leave them in their account, withdraw, or do a partial withdrawal.
Can I contribute my own money to MEWSS?
Personal contributions to your MEWSS account are not allowed. Contributions are made through payroll deductions based on the amount selected.
Who manages and regulates the funds within MEWSS?
The funds within MEWSS are managed by top global asset managers who are responsible for making investment decisions that align with the best interests of your employees.
These funds are safeguarded by a regulated trustee who ensures that all transactions and holdings are handled securely and transparently, following strict regulatory standards.
Is MEWSS compliant with local financial regulations?
MEWSS is the plan settled as a trust in ADGM. Praxis is the trustee and administrator who is regulated by the Financial Services Regulatory Authority , and Equevu is the technology provider.
So, MEWSS adheres to the regulations that the above parties abide by.
What happens to an employee's savings if they leave the company?
Employees can retain or withdraw their savings as needed, maintaining flexibility and control.
What kind of customer support is available for MEWSS users?
We offer responsive customer support through email and phone to address any queries.
How can I contact MEWSS for more information or assistance?
Contact us through our website or customer support for any assistance.
Are there any resources or guides available for new users?
We provide detailed guides and resources to help new users get started.