The combined suite of services empowers us to now begin offering our own technology in a more meaningful way than just a normal tech house could (who tend to offer themselves as HR Outsourcing Companies). This stems from our customising capabilities and quicker deployment from start to finish, not forgetting our proven in-house HR expertise. I believe this is the perfect solution for most SMEs looking for a qualified HR service provider. This may also be something suitable for larger size companies like an MNC or a conglomerate.
While the auspicious date has been formally recorded as 23 April 2023, we will nevertheless continue to operate as we were without any name change, or at least not for the time being. This allows for business-as-usual until we are more acquainted with each other internally and also more familiar with the products and services we can bring to our target markets. To stick to the same operative names would also lessen the disruption with our stable of clients which when looked at from the big picture perspective, will form the strong platform we will springboard from to the Southeast Asian markets.
With Asean looking optimistic as an economic region of its own, with an estimated population of 663 million and GDP of US$3.3 trillion as of 2021 (source: aseanstats.org), we are hopeful that this merger will be the first step of many things to come. Regionally, some of the immediate markets we’re looking at are Thailand, Vietnam, Indonesia and the Philippines.
Cross Border Opportunities in Remote Working
In terms of services, one of the main areas we’re looking to tap into is remote working where employers can now consider hiring talents from another country. Such an arrangement is ideal for companies looking to expand their resources quickly but find it difficult to source for the right talents due to factors like cost and availability.
Taking our example as a reference, this merger shall see Whyze Solutions engaging talents in Malaysia and they will all be housed in our very own premises. From a financial standpoint, such a remote working arrangement offers an immediate savings of 25% to 45%. This should prove to be a strategic decision whether or not the economic climate is in a bull or bear market.
In terms of product features, if we meticulously map them with our existing payroll solutions, we will possibly identify some processes that are available only in CXL or only in Whyze but not mutually present in each other. But this is in no way a defect or a strange anomaly, it is just the peculiarity of payroll systems customised for each domestic market. As such, if one were to raise the issue of not having “OT Approval” or “Training Request and Training Plan” from the Malaysian platform, the good news is over time, these can be rolled out seamlessly through our product updates.
We are glad to share that through this merger, we have been able to keep everyone on board with zero retrenchment since there is no duplicity of work. To us, this is important because it sends a message to our employees that we do not necessarily abide by the infamous cost cutting measures from a merger exercise. We are in fact looking at hiring at least 6 to 12 more people to join us where about 5 to 10 will be hired for Whyze in Malaysia.
On to the most important question now, will there be a launch party to commemorate this momentous occasion?
To me personally, this is a corporate milestone worth celebrating. We are drawing up plans as we speak but with much still needed to be done, we may be looking at 2024 to hold this exciting party. So do stay tuned with us here and follow us on all our social channels – LinkedIn, facebook and instagram.
About Whyze Solutions
Headed by CEO Karrie Cheung, Whyze Solutions was founded in 2008 as an HR & Payroll solution provider. Serving more than 2,000 customers, Whyze’s clientele range from new start-ups, SMEs, non-profit organisations to MNCs. For more of the multi-award winning company, head on to their website at whyze.com.sg.