Media Release

HR professionals’ gathering reviews WPS and emphasise the value of human capital in the growth of organisations

Dubai, Apr 25: Smart Pay, UAE Exchange’s Payroll Solution brand held its first ever Smart Pay HR Summit in Dubai providing a platform for HR professionals to review WPS and refocus on HR skills to align with the needs of the construction, contracting and engineering sector, which forms the backbone of the UAE business.

Opening the summit, Y. Sudhir Kumar Shetty, COO – Global Operations, UAE Exchange, said, “This first-of-its-kind summit has been organised to complement the government’s focus on the welfare of the employees. The rationale behind holding this event was to help HR professionals upgrade their knowledge and skills in their trade and review the hugely successful WPS mandated by the government.”

He said “The growth and initiatives of UAE Exchange have all been centred on adding value to our customers. This initiative sought to impart our experience and share thoughts on good HR governance, further paving the way to further the welfare of the employees, who are the real assets of any organisation.”

The summit was organised in the light of Smart Pay – the WPS-compliant leading payroll solution from UAE Exchange. Smart Pay enables organisations, quick and prompt salary disbursal with the highest level of confidentiality and security. The payroll solution plays a leadership role in WPS, handling over 30,000 companies and catering to more than 400,000 employees. This leading payroll solution provider also processes the salaries of employees in just two hours TAT with the help of the recently introduced Smart Pay online Portal and through the MasterCard powered Smart Pay Payroll Card. While the former empowers the employers to do hassle-free online payroll processing, the latter offers worldwide acceptance and convenience to the employees.

The summit also noted the fact that HR professionals need to be sensitive to employee welfare considering that 90 per cent of the close to 260,000 registered companies in the UAE, fall under the SME category and a large share of the employees in this sector are unbanked.

Promoth Manghat, Vice President – Global Operations, UAE Exchange, said, “UAE Exchange introduced Smart Pay in 2006 and today, we are at the forefront in the UAE, among remittance brands, offering WPS-compliant payroll solution with 20% market share. The pole position, which Smart Pay is enjoying, couldn’t have been possible without our clients.”

The HR Summit also focused on HR orientation, talent management, retention of labour and other subjects which makes an enterprise seamlessly operate its business with active involvement of their employees.

Varghese Mathew, Country Head - UAE Operations, UAE Exchange, said, “Smart Pay has always aimed at the welfare of our clients and their employees. From the operations perspective, we ensured that we spread the UAE Exchange network as wide as possible across the country. This first ever Smart Pay HR Summit is a platform to share best practices for the welfare of people assets and enhance organisational performance.”