Madkhol Financial Launches Ratibi+ Tool In Saudi Arabia To Boost Employee Loyalty And Job Stability

In the midst of escalating challenges faced by firms to attract and keep talent, Madkhol Financial has unveiled "Ratibi+", a financial tool aimed at bolstering employee loyalty and ensuring a more consistent workplace atmosphere.

By integrating a part of the employee's salary into a managed investment portfolio, with an equal contribution from the employer, "Ratibi+" aims to provide a dual benefit. It not only helps employees accumulate extra retirement funds but also offers companies a viable strategy to foster loyalty and diminish staff turnover.

For the Saudi market, especially, "Ratibi+" holds significant importance. With some sectors witnessing employee turnover rates surpassing 30% annually, the strain on companies to cover recruitment and training expenses is substantial. Moreover, when juxtaposed with a global average savings rate of 20%, Saudi Arabia's national savings rate at a mere 6% of household income highlights a critical need for improved financial habits.

In this light, "Ratibi+" not only aims to inculcate long-term investment behaviors among employees but also assists companies in retaining their best talents. This initiative directly aligns with the objectives of Saudi Vision 2030 by addressing both the high turnover rates and the low national savings rate, presenting a win-win solution for employees and employers alike.

Through its innovative structure, "Ratibi+" offers a practical solution to the prevalent issues of employee retention and financial stability. By marrying the concepts of savings and investment through a co-operative effort between employers and employees, the programme sets a new standard for workplace financial programmes.

Saad Al-Atiyan, co-founder and CEO of Madkhol Financial, emphasized the uniqueness of "Ratibi+" by saying, "Ratibi+ is not just a savings plan; it is a true partnership between the company and its employees. We are redefining the employer-employee relationship by linking salaries to smart investment, creating value for both sides. We are confident this program will help foster a more stable work environment and promote a culture of saving and investing in line with Saudi Vision 2030."